FeaturedOut of sight and out of mind, just like the brokers and investors like it
PSX is not the only market where company shares are traded. There is also this market on the side
Nov 4, 2024
Zain Naeem
Zain is a business journalist at Profit, and can be reached at [email protected]
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HeadlinesToyota Indus Motors has seen a revival in demand. But is that the only reason for their rising profits?
The auto assembler sees growth in sales leading to better profitability. But even as the demand rises, the auto assembler is placing a great emphasis on cutting costs.
Oct 31, 2024
FeaturedThe shadow of Dar’s tax policies continues to haunt corporate Pakistan
The taxation rules were changed in 2023. The example of Mari Petroleum’s recent bonus share tax meltdown is telling of how well the changes have taken root
Oct 28, 2024
FeaturedHow Packages’ ill-fated South African adventure led to billions in losses
The company saw its investment in South Africa turn to dust. What were the reasons?
Oct 21, 2024
FeaturedPSX jumps the gun on Chakwal Spinning’s rebirth as a cloud computing company
The exchange is supposed to be the first line of defence for the investors. In this instance, however, it ended up facilitating the hype around the revival of a bankrupt textile spinning company as a cloud computing company
Oct 21, 2024
FeaturedFauji and Askari Cement merged two years ago. How has the merger worked out?
The two military-owned cement companies have combined to create the third-largest cement company in Pakistan. Creating shareholder value, however, is a harder task
Oct 21, 2024
FeaturedUnder Najam Sethi’s watch, Mitchell’s has turned profitable again. How much of the turnaround is his doing?
After 9 years of consistent losses, the company has posted its first profit. How did Najam Sethi steer his in-laws out of the storm?
Oct 7, 2024
FeaturedThe changing investment thesis for National Foods
A New York-based hedge fund has taken a 12% stake in the consumer foods company, long a darling of foreign investors, but its thesis may be different from those that came before it
Oct 7, 2024
FeaturedCigarette Manufacturers Turn to Exports Amid Mounting Challenges
As illicit trade rises and local taxes increase, Pakistan’s tobacco giants are being pushed to look beyond borders.
Sep 30, 2024
HeadlinesBF Bioscience, pharma company owned by Ferozsons and Argentinian Bago Group, got a stellar response to its IPO. What lies ahead?
The pharma company, which has been exporting to countries like Indonesia, Belarus and Ukraine, saw book building at Rs 77/share and oversubscription of 3.4 times.
Sep 27, 2024
FeaturedFauji’s bid for Agha Steel: is it the right move?
Not the most attractive asset in the industry, but that may represent an opportunity for the conglomerate best known for its stewardship of industrial assets
Sep 23, 2024
FeaturedAfter a complete plummet, Pakistan’s cement industry is seeing healthy margins again. What prompted the comeback?
After plummeting to below 5% in 2020, the cement sector's gross margins have surged back to 25% in 2023, but haven’t quite hit the highs of nearly 50% they had in 2012
Sep 16, 2024