The fortune of TRG Pakistan has been nothing short of astounding. Once the darling of stock market investors, the company’s financial performance has been suffering from a constant tug-of-war for control of the company.
The saga has unfolded in the wake of the exit of Ziaullah Khan Chishti, the Pakistani-American founder who created TRG and Afiniti. Mr Chishti was ousted from TRG Pakistan as well as his company in the United States in the wake of accusations of sexual assault levelled against him by a former employee. And while his position in TRG has been displaced, his influence continues to inform the power-struggle that has become a persistent problem for the company.
The constant volatility and turmoil at the company is being reflected in its financial performance as well. Where will this saga end and who will come out on top? All that can be said for now is that the trenches are being dug and the war is expected to go on for the long haul. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
