English Urdu

ECC likely to increase electricity tariff by Rs3.81 per unit

Consumers will have to bear an additional burden of about Rs406 billionISLAMABAD: The Economic Coordination Committee (ECC) has decided to go ahead with Rs3.81 per unit hike in electricity tariff and an official announcement in this regard will be made today (Monday).The committee has...

Dearth of economic experts in Finance Ministry irks PM

‘There is not a single ministry official who holds a PhD degree in the field of economics and finance’ ‘Secretaries have mostly been...

Pakistan won’t need IMF again, Umar claims

–Finance minister says govt trying to bridge $12bn financing gap through policies, bailout programme–Says economy improving as exports have increased, imports are down, remittances...

Pakistan ‘gifts’ 15,000 livestock animals to Gulf countries despite ban

'Influentials sitting in important ministries and those belonging to foreign missions were involved in the export after taking permission from former PM Abbasi' ISLAMABAD: Despite a...

Saudi shares slump amid crisis over Khashoggi killing

Saudi stocks dropped as world leaders pressed the kingdom to come clean about how and why government critic Jamal Khashoggi was killed.The Tadawul All...

Alibaba vs Tencent in Pakistan?

The battle between China’s internet giants is about to come to Pakistan, and transform the country’s tech industry… but who will it be good for?

Power Cement gears up for infrastructure spending spree

The company will increase its production capacity to 3.4 million tons per year, with a new plant expected to come online by June 2019

From rags to riches, chasing the Pakistani dream

The story of a man who took the world head on and is winning while coining a new phenomenon ‘the Pakistani dream’.

EO, entrepreneurs ‘special tea club’

Why is arguably Pakistan's second largest body after APTMA so disconnected from the outside world

What is the PTI’s energy game plan?

How having a former hydrocarbon company CEO as finance minister will shape the government’s approach to Pakistan’s biggest economic challenge

On the budget, Asad Umar capitulates to the Q-Block babus

Asad Umar's lack of preparation on matters of taxation and finance have allowed the civil service to push for a rollback of necessary reforms

Govt’s tax collection can go through the roof

From an academic to leading Punjab’s digital revolution, PITB Chairman Umar Saif has overseen the largest land record digitisation in Pakistan in an effort to not just end corruption and land grabbing but in a bid to promote land as a liquid asset

How Pakistan dealt with the 2008 financial crisis

The country’s crisis was not directly tied to the bankruptcy of Lehman Brothers in the United States, but was indirectly hit by the global fallout of the US crash

Pakistan needs to get out of the comfort zone, end cycle...

Pakistan is stuck in a repeated cycle of borrowing to pay back money it already owes to other countries. The scary part - it seems like it has become too comfortable with it.

Editor’s Note: Policy Reversals

There is no clearer indication that the current administration has absolutely no clue what they are doing on matters of fiscal policy than the...

Editor’s Note: ‘He’s a pleasure to work with’

In our edition dated June 10, 2018, Profit did an evaluation of the respective economic agendas of the Pakistan Tehrik-e-Insaf (PTI) and the Pakistan...

Dearth of economic experts in Finance Ministry irks PM

‘There is not a single ministry official who holds a PhD degree in the field of economics and finance’ ‘Secretaries have mostly been...

Railways generate Rs1bn additional revenue in first 50 days of govt

ISLAMABAD: Pakistan Railways has generated an additional revenue of Rs1 billion in the first 50 days of the present government due to the concentrated efforts...

Indus Motors jacks up prices of Corolla for fourth time this year

Indus Motor has hiked the prices by Rs50,000 for Toyota Corolla XLI to Rs1.944 million till December and it will see a further rise of Rs50,000 in January to Rs2.044 million

FBR increases regulatory duty on 570 imported items by 5 to 10pc

ISLAMABAD: The Federal Board of Revenue (FBR) has increased the regulatory duty (RD) by 5 to 10 per cent on the import of 570 luxury...

FBR unearths 16,000 tax evaders with investments in realty sector

In the last two years, over 80,000 transactions worth around Rs800 billion (according to deputy commissioner rates) were recognized however the market value of these transactions is probably going to be much higher than the aforementioned figure

WSJ accuses Abraaj founder Arif Naqvi of ‘heavy embezzlement’

Naqvi denies reports, says it’s based on isolated extracts from illegally obtained documents

Honda Atlas increases prices of its vehicle lineup

Honda Atlas Cars (Pakistan) Limited on Friday increased the prices of its vehicle lineup. The new tariff will be effective from October 22, 2018.In...

ECC forms special committee to resolve stalled K-Electric sale

With Abraaj teetering on the verge of bankruptcy, was Arif Naqvi's meeting with PM Imran Khan meant to extract a return favour for the investment made in PTI's election campaign of 2013, as alleged by his ex-wife Reham Khan