Govt to facilitate exploration companies under new petroleum policy: PM

Kuwait Petroleum evinces keen interest in expanding business activities in PakistanISLAMABAD: Prime Minister Imran Khan said on Wednesday that the government was working on a new petroleum policy, which would offer incentives to foreign exploration & production (E&P) companies and remove impediments in the...

BOI chairman Haroon Sharif resigns

Board of Investment Chairman Haroon Sharif resigned from his post on Wednesday.Sharif in his brief discussion with a private media outlet confirmed that he...

KSA to activate $3.2bn deferred payment facility for oil from July

Saudi Arabia will extend a $3.2 billion deferred payment facility with Pakistan for petroleum products from the start of July, the PM's Adviser on...

Govt to facilitate exploration companies under new petroleum policy: PM

Kuwait Petroleum evinces keen interest in expanding business activities in PakistanISLAMABAD: Prime Minister Imran Khan said on Wednesday that the government was working on...

Senate body stresses uniform criteria for all provinces in FPCCI election

Committee terms one-year tenure of FPCCI president as insufficient, as ‘most of the time is spent in preparation for next election’ISLAMABAD: The Senate's Standing...

‘Put expiry date on Pakistani currency and the black economy will wither away’: BS...

Social media is abuzz with a zany suggestion of replacing the currency presently in circulation in the economy with new currency that has an expiration date on it as a measure to account for...

‘All your Grandes and Civics are coffins on wheels, and local assemblers are the...

Mubasher Lucman has a bone to pick, and this time it’s with the car manufacturing industry in Pakistan. The talk show host took to task local car manufacturers after the tragic death of Usama...

What it takes to build a world-class corporate culture: lessons from a seasoned HR...

Fatima Asad Said comes from a family of chartered accountants including her father. Before completing her MBA, she worked with Citibank and the International Finance Corporation (IFC), and it was almost a given that she...

Nepotism got you a seat on the company’s board. At least learn to do...

About 60-70% of the people appointed as directors to the vast array of publicly listed companies in Pakistan are family members of the companies’ majority shareholders, estimates Safdar A Butt, an academic with years...

Motorcycles are not just for men anymore. Will the market be ready?

On a warm, mid-March afternoon in Karachi, after Friday prayers, I slipped in between narrow spaces outside the mosque on my motorcycle to get onto the main road – Sharah-e-Quaideen which leads to Jinnah’s...

Does it make sense to get a CFA in Pakistan?

It is considered the gold standard in the investment management industry, the global elite profession that is responsible for managing the $46 trillion global pool of investible assets. The CFA – short for chartered...

Will Askari Bank’s new CEO succeed in his desire to shake the bank out...

Abid Sattar took over as the CEO of Askari Bank in August 2018. Somebody forgot to tell his LinkedIn profile, which still lists him as the head of international banking for Asia and Africa...

Why is Pakistan unable to develop a competitive-export focused industrial sector?

Pakistan can come out of its intermittent economic crisis by embarking on export-based industry that would help improve the country’s current account balances, experts believe. But getting there would involve individual businesses to decide...

What’s the matter with board rooms in Pakistan?

In my career in the corporate sector and now as a strategy consultant I have often seen corporate boards of listed companies fail to...

For the love of all that is holy, leave the rupee...

We were almost there. After letting the rupee lose about a third of its value, albeit begrudgingly, there was hope that the Imran Khan...

A tale of two entrepreneurs (Editor’s Note)

This week, Profit chronicles the tale of two men who are in some ways a study in contrasts: one who is at the pinnacle...
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Salaried class to suffer as govt mulls reversing income tax slabs

Tax exemptions for individuals earning Rs400,000 to Rs1.2m per annum likely to be withdrawnISLAMABAD: In an effort to increase the tax revenue in line...

Offshore drilling near Karachi coast completed

ISLAMABAD: Offshore drilling near Karachi coast on Indus G-Block (Kekra-1) has finally been completed after four months of hard work. The drilling was done through...

Rupee down by another Rs4.6 against dollar in interbank market, hits Rs147

Ibrahim Moosa for Mettis Global told Profit, "The Pakistani rupee is expected to depreciate against the US dollar further and the market expectation is at around Rs147-148."

PIA losses surge to Rs416bn, Senate told

ISLAMABAD: Aviation Minister Ghulam Sarwar Khan on Friday informed the Senate that losses incurred by the Pakistan International Airlines (PIA) have surged to Rs416 billion,...

‘All your Grandes and Civics are coffins on wheels, and local assemblers are the...

Mubasher Lucman has a bone to pick, and this time it’s with the car manufacturing industry in Pakistan. The talk show host took to...

Motorcycles are not just for men anymore. Will the market be ready?

On a warm, mid-March afternoon in Karachi, after Friday prayers, I slipped in between narrow spaces outside the mosque on my motorcycle to get...

PM’s aide says rupee not being devalued for the first time

'Interbank dollar rate rose by Rs32 during PPP's era, while it increased by Rs26 during PML-N's tenure'Amidst criticism on the devaluation of Pakistani...

Asia’s worst performing currency takes another hit

Pakistani Rupee (PKR) weakened to a record in an apparent devaluation, four days after the South Asian nation secured a bailout from the International...
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