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Byram D Avari, the Parsis of Karachi, and the future of Pakistan

From the original generation of Pakistanis, Avari was a shrewd businessman and a faithful community leader. But what does the Pakistan he leaves behind look like?
HEADLINES

Crucial talks with IMF to start tomorrow as Pakistan inches towards reforms

ISLAMABAD: The 'crucial' talks between Pakistan and the International Monetary Fund (IMF) will start from Tuesday, as the IMF team under the supervision of...

NEPRA to consider relief worth almost Rs12bn for Karachiites in Feb bills 

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is scheduled to conduct a public hearing on January 31, 2023, on a request submitted by K-Electric (KE) for a reduction...

Steel Industry cries foul over non opening of LCs by SBP

ISLAMABAD: The steel industry in Pakistan finds itself stuck in a state of extreme distress as the State Bank of Pakistan (SBP) continues to fail in opening letters of...

Dollar Cap, IMF, Ishaq Dar and ECAP; A week of showdowns at the exchange market

Who won and was it worth it? An account of how the Dar-peg got removed in a week

The paradox of Pakistan’s bureaucracy

Sweeping the dirt of financial discrepancies under the carpet of red tape is a money-making scheme as old as the bureaucracy itself

The looming antibiotic conundrum

Global health is bracing for yet another crisis. This time it’s not a novel virus, but resistance against antibiotics. And countries like Pakistan are at the front-and-centre

Funding vs execution – lessons for Pakistan

Pakistan in 2023 secured billions in pledges to help recover from floods, but the case of a $100 million project from 2020 in Karachi is a stark reminder that a lot go wrong during execution

Editorial

Between Dar and Atif, there is a field; I will meet you there

Treat your Ferrero Rochers the way you do your oil imports. Let them be imported indiscriminately and forget this...

Avoiding Babylon

In the next decade, something monumental will happen. Somewhere either in a noisy Lahore suburb, a quiet village in...

Opinion

Borrowing from the public

The sovereign remains the biggest borrower in the country, making up more than 70 percent of all banking assets, either borrowing...

Of Councils and Chambers

Do various business lobby groups operating in Pakistan represent the rentier economy?

Interest Free Economy

Pakistan is no stranger to debt.  It currently has total debt of PKR 50 trillion, of which roughly PKR 33 trillion...

Miftah, bol ke lab azaad hain tere 

It is embarrassing, really, for the Pakistan Muslim League Nawaz (PML-N). In their short stint in government, they have had two...

E-magazine

Videos

00:03:16

Who is Punjab’s caretaker CM Mohsin Naqvi? | Profit Profiles

We take a look at Punjab’s caretaker CM, who is a bit of an innovator when it comes to Pakistan’s news media industry.
00:06:30

From $250 to $78 billion: the Infosys story

We look at the humble beginnings of Infosys, India’s behemoth IT firm, which played a pivotal role in making India the global IT powerhouse...
00:08:21

The Aramco Story | Profit Urdu

We look at the history Saudi Aramco, the largest oil company in the world. In fact, the largest company in the world, period.
00:05:52

Why is the government chickening away from chicken?

The government doesn‘t want you eating chicken. Here’s all you need to know

Headlines

Features

Tech

World

In Case You Missed it

Ladies and gentlemen, here are your digital banks

With the central bank finally issuing NOCs for setting up digital banks, Profit looks at the contenders and their intentions

Buying influence

In the latest turn in the Chakri real estate saga, the people behind Blue World City have acquired a television channel. But why?

Why is the government chickening away from chicken?

The government doesn‘t want you eating chicken. Here’s all you need to know

The war for scraps

Already punch-drunk from censorship and changing times, a large crack has appeared within the print media industry over the most important issue there is — money

Why (and how much) Pakistanis overinvest in real estate

The obsession with real estate as an asset class is unhealthy for the economy; here is what investors should do instead

Gas shortages hit, Refinery closures loom

Gas shortages have forced disconnections for industry while refineries closures are looming around the country due to rising furnace oil stocks that the power sector is not lifting. This winter finds the country in an unusually sharp fuel supply crisis. All this was foreseen when tenders for winter LNG cargoes failed and refiners were warning for months of forced closures if their inventories continue mounting. Profit brings you a close look at the unfolding crisis.

Hey Shehri Babu – Climate Change is coming for more than your mangoes

This year’s mango saga should stand as a warning - climate change is real and it is urgent

How to break Pakistan’s Dubai addiction

The rupture in relations between Pakistan and the UAE is bad – both for the country’s citizens and for the government – but it can also be an opportunity for Pakistanis to finally stop using Dubai as a financial haven
Profit by Pakistan Today
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