ISL posts 17pc growth in 2nd quarter 2017-18

KARACHI: International Steels Limited (ISL) posted 17 per cent growth during 2nd quarter 2017-18 with earning per share (EPS) at Rs 2.7, in line...

Cotton import allowed from India, other countries without custom duty, taxes

KARACHI: The Ministry of Commerce (MoC), abolishing all kind of custom duties and other taxes has allowed the import of cotton from all over...

Wearing ‘Made of Pakistan’ on its sleeve

Established as a manufacturing and retailing unit some 32 years ago, in 1985 to be precise, Sefam started with embroidered fabrics made in pakistan. The first brand for the company was Bareeze, followed by...

Aisha Steel Mills Ltd- Yet another business case built on protectionism

Located at Bin Qasim Industrial Park in Karachi, Aisha Steel Mills Limited (ASML) is aiming to more than triple its production before the end of 2018. Post this expansion, car manufacturing companies in Pakistan...

Should you put Dalda in your portfolio?

On the surface, Dalda Foods looks like the kind of company that has characteristics investors would salivate over: the owner of a decades-old set of brands that are household names and hold a leading...

Native lame ducks abound

The renowned German multinational engineering and electronics firm, Bosch, entered Pakistan with its first liaison office in Lahore in February 2016 – meant to serve for the company’s automotive aftermarket, power tools and security...

A perfectly legit bugbear

For long years, the local automobile tyre manufacturers had whined about 2.5 million pieces being smuggled every year. While the smuggling has subsided, to their great dismay and detriment, it has been replaced by...

It all boils down to simple arithmetic

“There are 17 million motorbikes and 40 million smartphones in Pakistan,” Muneeb Maayr, CEO Bykea – a ride-hailing (and more) app – told Profit in a recent interview. “These are the only two assets...

Spotting the fake Quaid in M1

Sana Saif, a housewife, recently opened an account in Meezan Bank and made a visit to her branch, adjacent to her apartments, to make her first transaction from the account. To her awe, one...

Losing to loose milk

On a Wednesday evening in one of Karachi’s oldest areas, Lea Market, Samir Rajput is working the phone, trying to seal a deal with his clients before 8 p.m., the starting time of the...

The year in energy

The year 2017 was touted as one of development for the energy sector of Pakistan, with several energy projects progressing and also receiving approval....

Corrupting power

Powerful smog

Dollar brawler

Editors Note: Dalda goes public

With our financial capital markets as nascent as they are, any discussion of a major company going public is going to be half parts...

Editor’s Note: Of a lack of imagination and unsold shirts

Pakistan’s retail market. Sound out anyone, not just within the country, but also abroad, you’ll hear the same optimism about it. “135 Million Millennials...
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Should you put Dalda in your portfolio?

On the surface, Dalda Foods looks like the kind of company that has characteristics investors would salivate over: the owner of a decades-old set...

Ministry of Commerce finalises e-commerce policy

ISLAMABAD: After an exercise of around two years, Ministry of Commerce (MoC) has finalised the policy framework for e-commerce and digital trade which it will...

FBR grants exemption on duty payment condition for car imports

KARACHI: A temporary exemption has been granted on duty payment condition for car imports under transfer of residence, personal and baggage scheme by Federal...

Dewan Motors set to commence production by end February 2018

LAHORE: A bourse notification filed Friday by Dewan Farooque Motors Limited revealed it has been granted Brownfield status by Engineering Development Board (EDB) and...

Uber’s arch-rival, Careem eyes for an IPO

DUBAI: Careem Networks FZ, which competes with Uber Technologies Inc. in the Middle East, is in early talks with banks about a potential initial...

Dawood Hercules to make capital injection of Rs17.453 billion in Edotco Pakistan

LAHORE: A bourse notification filed Friday by Dawood Hercules Corporation Limited revealed the company is planning an equity injection of Rs17.453 billion in Edotco...

Customs seeks FBR approval for clearance of 6,000 imported vehicles

KARACHI: Pakistan Customs is seeking Federal Board of Revenue’s approval for clearance of 6,000 used and new vehicles which were imported without importer’ banking...

Food, fruit imports from Afghanistan banned

LANDI KOTAL: The Pakistan customs and food department jointly imposed a ban on import of fresh fruits, other foods items from Afghanistan and stopped...