Pakistan set to get $1-2 billion from China to boost forex reserves
In the past three weeks, reserves have declined by $1.2 billion and now stand at two months worth of import cover
Exporters not following packaging standards for mango exports
ISLAMABAD: With the commencement of mango exports from May 12, registered exporters have complained that mangoes are largely being exported without following the packaging standards...
SBP raises policy rate by 50 basis points to 6.5 percent
Pakistan's economic growth provisionally was expected to reach a thirteen-year high of 5.8 percent for outgoing financial year 2017-18
High-level delegation from Afghanistan calls on Sartaj Aziz
ISLAMABAD: A high level delegation led by the Chief Advisor on Infrastructure and Technology to he President of Afghanistan Dr Humayun Qayumi called on the...
Comprehensive programme launched for agri sector promotion
SIALKOT: The Punjab government has launched a comprehensive programme for promoting the agriculture sector along modern lines, and to save irrigation water from wastage...
Breaking the legacy mindset of large commercial banks
While up-and-coming players tap into new segments like mobile wallets, big players seem content with their decades-old business model that revolves around taking deposits and investing in risk-free securities.
Is Dewan Yousuf serious or will he hoodwink everyone yet again?
The Group faces a serious credibility crisis as it turns down offers for its cement plants for the umpteenth time – even the lucrative Mega offer – raising doubts about its intent to sell and settle the default.
The Black Sheep of the White Hat community
During our investigation into the recent security breach at Careem, some industry sources highlighted a faction of the white hat community that exploits startups that are vulnerable to cyber attacks, prompting Profit to look into how ethical these ‘ethical hackers’ really are.
How Akhuwat impacts lives through the miracle of interest-free microfinance
$500 million worth of loans disbursed to 2.2 million families over a period of 16 years
Why content is king for Propergaanda
When one thinks about hard hitting topics such as social issues and politics, one does not imagine a huge Gaanda aka a hippopotamus wearing a white shalwar kameez and a black waistcoat smoking a...
A bank sold for just Rs1,000. Does it make any sense?
Profit demystifies the controversy over the sale of KASB Bank
How paramilitary helped Advans Bank double its size in one year
As peace returns to Karachi, losses spread over half a dozen years are now consigned to the past
What makes Pakistan plump for IMF time and time again?
Pakistan has been approaching International Monitoring Fund (IMF), intermittently, since 1988. The last programme was successfully completed during the period 2013-16. However, within a...
Editor’s Note: Immovable, like set cement
A cat might have nine lives but Dewan Group’s Dewan Yousuf seems to have thirteen. And counting.
The banks, to whom he owes quite a...
Editor’s Note: The state of the State Bank
If the KASB Bank’s own valuation was correct, then it actually was sold for a song by SBP. If the auditors’ valuation was correct, then was SBP sleeping on the job when it let things get so bad at KASB?
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Funds of GHPL being used by PLL, PLTL, sources
ISLAMABAD: Billion rupees worth of funds of the Government Holding Private Limited (GHPL) are allegedly being used by Pakistan LNG Ltd (PLL) and Pakistan LNG...
China helping Pakistan avert foreign currency crisis
Pakistan obtained $1.5 billion from China during the first ten months of the current financial year 2018-19
Is Dewan Yousuf serious or will he hoodwink everyone yet again?
The Group faces a serious credibility crisis as it turns down offers for its cement plants for the umpteenth time – even the lucrative Mega offer – raising doubts about its intent to sell and settle the default.
Data Security – issue of morality, business ethics, or inept governance?
In the murky world of numbers and big data, Pakistan, must not lag behind.
US, EU investors interested in buying combined 9.59 percent stake in Meezan Bank
The other major shareholders in Meezan Bank are Islamic Development Bank and Pakistan Kuwait Investment Co
Pakistan’s largest refinery project contract awarded to TechnipFMC
The project will be managed and operated by a wholly-owned subsidiary, PARCO Coastal Refinery Limited (PCRL).
Pakistan’s mystery billionaire
“He’s the Howard Hughes of Pakistan. Nobody ever sees him. You’re the first ones (among journalists) who are going to witness him in the...
Dewan Cement in sweet spot to gain cement share of Bhasha dam
KARACHI: Dewan Cement Limited (DCL), a renowned cement manufacturer of the country, eyes on the rising cement demand in Pakistan in general and on...
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