Rupee drops to record low of 125 against dollar

The rupee further depreciated against the US dollar falling down to an all-time low of 125 against the greenback in the open market on Wednesday

Foreign investment takes a dip, down 26.2 per cent

According to data released by the State Bank of Pakistan (SBP) on Wednesday, the country attracted FDI of $237.9 million in May, down 26.2 per cent from $322.7 million in the same month of the preceding year.

Don’t cast your vote before you’ve seen these WhatsApp leaks

Two fictional characters each representing the PTI and PML-N, engage in an enlightening WhatsApp conversation that can help prospective voters make the key decision at the ballot box.

Chinese electric car manufacturers eye Pakistani market

KARACHI: The automotive industry is on the transformation worldwide and is converting their technology from fossil-fuel to electric motors to protect the world from...

Market Daily: KSE 100 sheds 5 per cent WoW

KSE 100 index closed down 721.23 points (-1.70 per cent) at 41,637.38 on the last trading day of the week

Don’t cast your vote before you’ve seen these WhatsApp leaks

Two fictional characters each representing the PTI and PML-N, engage in an enlightening WhatsApp conversation that can help prospective voters make the key decision at the ballot box.

Insafian vs Nooni: The choice before the voters

How the major national parties stack up on matters of economic policy

Energy: colliding visions for powering Pakistan

Both the PTI and PML-N offer competing proposals for how best to manage Pakistan’s electricity generation sector

Healthcare: the (hitherto) ignored priority

If one had to reduce the state of an entire nation’s healthcare to a single number, it would be average life expectancy, particularly how that has changed over time. For Pakistan, that number stood...

Water and climate change: the (hopefully not) insurmountable challenges

Here is the bad news when it comes to climate change: if the government of Pakistan consisted of 100% extremely competent and completely uncorrupt officials, if they devoted all of their resources and energy...

Fixing a badly broken school system

Both parties agree that the school systems need fixing, and both are focused foremost on physical infrastructure

Will the new boss at the PSX clean house?

The new CEO of the country’s only stock exchange has big plans to expand investor participation in Pakistan. But does he dare take on the power of the brokers?

Shan Foods, intent on spicing it up with a listing on the bourse

With disposable incomes on the rise, the Pakistani international spices giant not just doubles its size in the last three years, but with new products and an acquisition part of its expansion plans, the family-run business is evaluating tapping into funds from the capital market

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...

The year in energy

Corrupting power

Editor’s Note: Moving the national debate

Elections have consequences, as commentators in mature democracies are wont to say, and perhaps none more so than those in a republic that is...

Editor’s Note: The relevance of financial journalism

At Profit, we see it as our role to ensure that those rays of optimism that one may feel from the generally positive long-term...
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Don’t cast your vote before you’ve seen these WhatsApp leaks

Two fictional characters each representing the PTI and PML-N, engage in an enlightening WhatsApp conversation that can help prospective voters make the key decision at the ballot box.

Rupee likely to fall below 125 to dollar after Eid

The rupee’s approximately 4 per cent drop against the dollar last week, from 115.63 on Monday to 121.39 by the close on Thursday, once again rattled the currency market amid renewed fears of inflation and a Balance of Payments (BoP) crisis.

How Arif Naqvi’s fall from grace put Abraaj on brink of bankruptcy

Abraaj filed a petition in the Cayman Islands, requesting the court to appoint PwC as their provisional liquidator

Ally betrays Arif Naqvi, behind lawsuit against Abraaj

The UAE-based Jafar family, which controls a Sharjah-based congolmerate, had deep ties with Naqvi and the petition points to further cracks at Abraaj

OLX, CarFirst set to join hands

OLX has globally invested $89 million in CarFirst parent company, Frontier Car Group

Baskin-Robbins opens outlet in Karachi

Baskin-Robbins has earlier opened 4 outlets in Lahore and the restaurant at 3Com Tower in Karachi is its 5th outlet in Pakistan.

TCS helps NED Racers move race car prototype to Canada

KARACHI: Pakistan’s largest courier, logistics and services provider, TCS provided logistical assistance to NED Racers, a cohort of dynamic engineering students from NED University...

Global LNG-Asian prices continue climb towards double digits

Spot prices for July LNG-AS delivery in Asia were at $9.80 per million British thermal units (Btu) this week, up 20 cents from the previous week.