Gas shortages hit, Refinery closures loom
Gas shortages have forced disconnections for industry while refineries closures are looming around the country due to rising furnace oil stocks that the power sector is not lifting. This winter finds the country in an unusually sharp fuel supply crisis. All this was foreseen when tenders for winter LNG cargoes failed and refiners were warning for months of forced closures if their inventories continue mounting. Profit brings you a close look at the unfolding crisis.
Morinaga may be up for sale in Pakistan. The buyer? Morinaga
The business of infant formulas is a big one in Pakistan, and Morinaga is a big name in it
Henan D.R. brings a new hope to the Naya Pakistan Housing Project
With itse prefab ‘Easy Houses,’ Henan D.R. is trying to make housing easier for Pakistanis
Paxi: countering female harassment one ride at a time
A few months ago after getting her two older children married and sending her youngest son to Malaysia, 47 years old Rubina Naseem did...
A little known Pakistani company is suing Zoom for over $2 million. What in the world is happening?
Pakistani tech company D-Tech Consultancy has filed a $2.2 million lawsuit against US tech giant Zoom, claiming they are owed over a million dollars in unpaid commissions
Shopkeepers’ scam adds fizz to profits
Retail prices of Coke and Pepsi remain unnoticed while retailers overcharge consumers day in, day out by as much as 40 percent – making millions over the top, apparently unnoticed
The one stop solution to climate, social ills, and tax evasion: Sin tax
It’s really not as ridiculous as it sounds, because it has been done before. We just need to figure out what would work for us
How one Pakistani techie helped build a $20 million US-focused startup
Many startups do not even pass the first or second year of their existence. And if they somehow do pass this phase, well, it...
EFG Hermes is accumulating shares in Kohinoor Industries
In two transactions, the Egyptian financial group (which owns a brokerage firm in Pakistan as well) has bought 12% of the company
HBL invests Rs500 million into its asset management subsidiary
Will the HBL Asset Management actually grow, along with Pakistan’s nascent capital markets?
The strange case of dost steel
Questions were raised when Dost Steel rallied on the PSC despite consistent losses
Taxes eat away at Frieslandcampina’s growth, margins
Packaged dairy segment took a hit after the government’s taxation policies disadvantaged it against unpackaged competitors
The fool’s fuel plan?
In another world, in a country not so close to the brink, and with a lot more time the fuel cross-subsidy may have had a shot. Right now it is a case of bad timing and bad planning
Jabbar Thaikaydar, the man who introduced money making in Pakistani media
In the early 1980s, as he carried banners of the Lakson Tobacco Company on his motorbike through the dusty roads of Lahore, Chaudhry Abdul...
The death of Maggi noodles
It is an iconic brand. At least two generations of Pakistanis have grown up with it. But Maggi noodles – the brand that introduced...
