ISLAMABAD: Although the auto industry had reported over 60pc decline in sales during the past few months "owing to inflation, price hikes and taxes", the...

EU likely to extend Pakistan’s GSP+ status next month

ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razzaq Dawood has hinted that the European Union might extend Pakistan's Generalised System of Preferences (GSP+)...

IMF, Pakistan reach staff-level agreement for $450m tranche

WASHINGTON: Pakistani authorities and the International Monetary Fund (IMF) staff have reached an agreement that could pave the way for a disbursement of $450 million...

CAA’s latest initiative may harm PM’s tourism plan

KARACHI: The Civil Aviation Authority (CAA) is looking at the possibility of suspending flight operations from...

Govt mulls deregulating LNG sector to facilitate textile industry

'Import of LNG at competitive rates will help textile millers rationalise their production costs'

ePay Punjab fetches Rs1bn revenue in five months

LAHORE: ePay Punjab, the first-ever government payment aggregator for citizens’ facilitation and ease of business,...

Coronavirus scare takes over stock market

KSE-100 recorded its biggest intraday loss in a year, but recovered most ground to close 251 points lower

NPLs rise 11.8pc to Rs776bn in Dec 2019

KARACHI: The non-performing loan (NPLs) within the banking industry increased by 11.76pc YoY to Rs776...

Comment

Change the sheriff, do not increase our taxes

About 60 million uneducated children will enter our labour force over the next decade. All of us should focus our attention to jobs and...

Absurd demands from would-be autocrats

The news that the government of Pakistan plans to demand that social media giants such as Facebook, Twitter, TikTok, etc. set up offices –...

The State Bank’s silent payments revolution

How the SBP's latest circular could have far-reaching consequences for the state of digital Pakistan

Imran Khan at Davos

Of all leaders Pakistan has ever had in its history, Imran Khan should be completely comfortable at Davos. Only once before did we have...

The problem of revenue is bad tax policy, not cheating

Revenue generation is important but not top priority as in last 3 decades. Much effort and money has been spent in collecting taxes and...

‘Voodoo’ Economics, Habib Metro bank and a noodle

We were spoiled for choice this issue of Profit when it came to deciding what our cover story would be. It’s a good problem...

Pakistan’s investment regime most liberal in the region

NEW YORK: Pakistan's economy has made remarkable advances, with a liberalised investment sector and improved security environment, Consul General Ayesha Ali told Pakistani-American businessmen...

PM Imran orders strict action against hoarders of masks

ISLAMABAD: Taking notice of hoarding of surgical masks amid panic over the coronavirus outbreak, Prime Minister Imran Khan has ordered authorities concerned to take strict...

FEATURED

Faltering Fauji: why a lack of expansion will hurt the cement company in the long run

On the surface, Fauji Cement seems like a success story: in the generally bad spell the cement industry seems stuck in, Fauji Cement stands...

Two years after commencing operations, PIBT finally manages to make a profit

The Pakistan International Bulk Terminal (PIBT) managed to turn its losses into profit, at least according to its recently released positive financial results for...

Meezan Bank had a profitable 2019, but stays cautious for the year ahead

The country’s largest Islamic bank witnessed an unusually good run in 2019, according to its recently released financial statements. The sixth largest bank in...

Rising interest rates bolster profits at Bank Alfalah

As interest rates in Pakistan rise, the net interest margins for Pakistani banks has also risen, leading to increased profitability. Bank Alfalah is one...

Will the PBIT be the catalyst Punjab needs to become an investment hub?

 In 2009, the Punjab government set-up the Punjab Board of Revenue and Trade (PBIT). The Musharraf era had just ended, the Pakistan Muslim League...

Rs5.2 trillion tax target? Pakistan will need a miracle

The only certainty in life is death and taxes, Benjamin Franklin is supposed to have said. In Pakistan, however, few things have been as...

Citibank Pakistan scaled back, and became bigger than ever

Eight years ago, it looked like it was over. On March 17, 2012, a story appeared on the front page of The Express Tribune, breaking...

DIRBS is a bust, but there may be a way out yet

On May 10, 2018, the Pakistan Telecommunication Authority (PTA) launched Device Identification, Registration and Blocking System (DIRBS) as per the guidelines of Telecom Policy...

“Boycotting imported products will elevate rupee and make Pakistan better off,” BS or not?

In response to the relentless hike in US dollar against Pakistani rupee, various campaigns online have urged Pakistani consumers to cut-off their...

Smuggled phones can be unblocked in the black market for Rs 2,000’: BS or Not?

Senator Mian Mohammad Ateeq Sheikh raised concerns in a Senate standing committee a few days ago over Pakistan Telecommunication Authority (PTA) blocked...

‘Huawei phones have stopped working after Google pulls its Android license,’ BS or not?

 An increasing number of American and Chinese companies are feeling the damaging effects of the US trade war with China as it...
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Citibank Pakistan scaled back, and became bigger than ever

Eight years ago, it looked like it was over. On March 17, 2012, a story appeared on the front page of The Express Tribune, breaking...

Onion exports banned till May 30th

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday imposed a ban on the export of onions till May 30, 2020. Considering the summary...

100 companies responsible for Pakistan’s 40pc exports

LAHORE: The top 100 exporters of the country exported goods worth $9,558 million in FY19 (July 1, 2018-June 30, 2019), which was 40pc of...

24 top designers sent notices for alleged tax evasion

The Federal Board of Revenue (FBR) on Wednesday sent notices to 24 bridal dress designers for allegedly being involved in tax evasion. According to a...
PSL-traders

PSL to cause Rs23bn loss to local traders: LCCI

LAHORE: As the Pakistan Cricket Board (PCB) is all set to host Pakistan Super League (PSL) matches in Lahore, traders have said that strict security...

HBL’s profit rises 25pc to Rs15.5bn

KARACHI: The Board of Directors of Habib Bank Ltd met on Wednesday to review the bank’s performance and announce its financial statements for the year...

UBL announces to wind up its wholly owned subsidiary

KARACHI: United Bank Limited (UBL) on Thursday announced that  it is winding up its wholly-owned subsidiary United Executors and Trustees Company Limited. In a letter...

Crown Group invests Rs2bn in electric vehicles plant

KARACHI: Crown Group has recently organized a market testing and sales display of its exclusive range of CROWN Electric Vehicles which includes two, three and...