Asad Umar presents amendments to budget for ongoing fiscal year

Finance Minister Asad Umar on Tuesday announced a “mini-budget” in the National Assembly and said that if the government continues in the present economic trajectory, the country will be doomed.

Govt set to impose Rs100bn taxes in mini-budget

ISLAMABAD: The federal government is all set to impose over Rs100 billion in taxes by increasing 5 to 10 per cent regulatory duty (RD)...

Pakistan raises gas prices to trim subsidies amid budget woes

Sarwar said the move would help ease part of the 152 billion-rupee ($1.24 billion) deficit for state-owned SNGPL and SSGC

‘No plan to dissolve PTA’

-- IT minister says the capacity of institution will be enhanced to facilitate masses ISLAMABAD: Information Technology and Telecommunication Minister Dr Khalid Maqbool Siddiqui has...

JUMO to expand in Asia with Goldman Sachs backing

-- The South African fintech helps individuals and small businesses access savings and credit products through their mobile devices JOHANNESBURG: South Africa-based financial technology firm...

Sindh Bank and Summit Bank are merging. Who is the real buyer?

Allegations of money laundering and illicit payoffs continue to haunt this transaction, suggesting there may be more than a simple bank merger going on

Hong Kong-based investment bank returns to Pakistan’s capital markets. But why?

CLSA, a subsidiary of a Chinese state-owned company CITIC, has acquired a stake in Bank Alfalah’s securities trading arm Alfalah Securities

That unmistakable Shezan touch

Not the most highbrow or fashionable of either the bakeries or restaurants, Shezan has the kind of consistency and reliability that makes it stand out and rub shoulders with the best of the best in business

TPL Life: A matter of perception

TPL-Life pioneering of instant scratch card concept life and health insurance backed by technology and ease of enrolment is a source of pride for the company

What does China want from CPEC?

The history of China and the United States and how it explains what Beijing is doing pouring so much money into Pakistan

Battle of the Beverages: Will Coke Studio help Coca Cola slay the Pepsi dragon?

Coca Cola may be the global giant, but it remains the underdog in Pakistan; Coke Studio, however, is helping the company catch up in market share with its rival

How the private sector killed off the MQM

The political party died when its reason for existence – securing access to middle-class government jobs – was made redundant by a rising private sector

In the dying world of Pakistani magazine, are fashion magazines the only survivors?

While print as a whole continues to chug along, fashion magazines are a rare bright spot in what was otherwise seen as a stagnating industry

Rooting for the uprooted

If we look at today's tech driven world, there are thousands of very successful Sheikh Chillis around us. Sheikh Chilli was a dreamer not a loser!

Editor’s Note: Moral cowardice

For a minute there, we had hope. To anyone who has hoped for a more tolerant Pakistan, where a person is judged not by their...

Editor’s Note: The adult in the room?

If campaigns are conducted in poetry, and governing in prose, it appears that the Imran Khan Administration – at least insofar as Finance Minister...

Profit E-Magazine Issue 47


Sahiwal Coal Power Plant fully meets standards set by WB, EU

SAHIWAL: Huaneng Shandong Ruyi (HSR) Energy Limited, responsible for operations of the Sahiwal coal-fired power plant on Friday claimed that the plant was one...

FPCCI rebuffs govt’s reservations on CPEC

--Chamber president says public statements by top govt officials blaming China for unfair agreements will be damaging for Pakistan ISLAMABAD: The Federation of Pakistan Chambers of...

Finance Minister inaugurates Rs 40,000 premium prize bond

Finance Minister Ishaq Dar has inaugurated the premium prize bond worth Rs 40,000 with features of monthly profit and prize of Rs 80 million...

Sindh Bank and Summit Bank are merging. Who is the real buyer?

Allegations of money laundering and illicit payoffs continue to haunt this transaction, suggesting there may be more than a simple bank merger going on

China to create three “green economic belts” in BRI countries including Pakistan

BEIJING: China has launched cross-border partnerships with several international non-governmental and civic organizations to create three "green economic belts" in countries involved in the...

IMF to visit Pakistan with $7.5bn package on 27 Sept

ISLAMABAD: After the ‘go ahead’ from the US Secretary of State Mike Pompeo, an International Monitory Fund (IMF) team is scheduled to visit Pakistan...

Pakistan and China agree on upgrading ML-1 railway track

BEIJING: The Ministry of Railways and the National Railway Administration of China (NRAC) have undertaken initial work on Pakistan Railways’ Mainline 1 (ML-1), an...

Food ‘giant’ Gourmet denies producing motorbikes

Gourmet, which started as a food bakery 27 years ago, has a strong retail network with more than 100 outlets in Lahore alone