If not IMF, then what?
The ninth review of Pakistan’s International Monetary Fund (IMF) programme has become a bit of a running joke – even though, for the country,...
Tesla’s Musk eyes significant India investments after meeting Modi
Tesla (TSLA.O) chief executive Elon Musk said India's Prime Minister Narendra Modi was pushing the car maker to make a "significant investment" in the country,...
Analysis: Moody’s warning on US banks a wake-up call for sanguine investors
The slide in U.S. bank stocks this week appeared to catch traders in the options market by surprise, data shows, raising questions over whether...
Special Investment Facilitation Council (SIFC): A game-changer for Foreign Direct Investment
Muhammad Zohaib Khan, the chairman of the Pakistan Software Houses Association (P@SHA), described the creation of the Special Investment Facilitation Council (SIFC) as a...
Lahore’s grave neglect: The alarming case of water contamination
In assessing the consequences of this, the ARC’s reported results reveal that the ignorance of this lead contamination in the government’s water supply is a heinous injustice
Pakistan has the potential to add $60bn to economy with digital transformation
Pakistan is seeking to transform its economy through digitalization, and a recent round table conference in Islamabad organized by the Ministry of Planning, Development,...
Public debt: How did the PDM govt do?
Measuring public debt is a complicated business. Profit looks at the different measures by which we can measure it in Pakistan.
UAE closes the gap of external financing
ISLAMABAD: Finance minister Ishaq Dar on Monday confirmed that Saudi Arabia and the United Arab Emirates (UAE) informed the IMF about their commitments to...
Market Daily: A glimmer of hope for investors at PSX, up 261.42 points
LAHORE: Driven by Thursday’s inertia, the KSE 100 index was off to a weak start at open and after falling to fresh lows the...
From fast food to autos, India’s digitally connected users lure investors
Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) a month buying necessities...
Bank of Punjab, NCMCL join hands for EWR project to support farmers against storage of agri commodities
KARACHI: The Bank of Punjab (BoP) and Naymat Collateral Management Limited (NCMCL) have signed a memorandum of understanding (MoU) for the development of Electronic...
China’s April data show economic recovery losing steam, testing policymakers
China's April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum at the beginning of the second quarter and intensifying...
Russians reluctantly embrace Chinese cars after Western brands depart
As the exodus of Western carmakers narrows options for Russian consumers, Chinese automakers are filling the gap, forcing Russians to overcome their reluctance to...
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."
How unaffordable will the average cup of tea become?
LAHORE: The price of tea in the country is continuing on its upward march, with what was once an affordable and innocent habit quickly...
