The life and times of Dr Ishrat Husain
In July 2021, nearly a year to this day, Dr Ishrat Hussain sent his resignation to the then prime minister, Imran Khan....
Telenor Impairment: Has the group lost hope?
Following this impairment, the recoverable amount of assets in Pakistan is estimated to be around $600 million down from $850 million
Pakistan’s history with external debt restructurings
Pakistan faces severe external financing challenges with rampant domestic political instability and higher rates in developed markets hitting capital inflows on the...
The Big Short: inside the exchange rate volatility in Pakistan
Monday, July 18, was going to be a difficult day by any reckoning given the headlines of the night before. Imran Khan’s...
Stuck in a loop – the week in Pakistan’s business and economics Twitterverse
Petrol Pumps strike currently going ahead as announced for July 18 (Monday) they are protesting increasing operational costs and demanding an increase...
In its ambition to buy a bank, has Pakistan’s fintech poster-child killed itself?
In trying to make TAG the only fintech company with a full banking licence, Talal Ahmad Gondal may have made the worst mistake of his life. Profit looks at the entire TAG saga.
Fuel strike, supply chain disruptions, and rising demand
When it rains it pours, on top of a supply chain disruption, pumps want to go on strike while people demand more fuel
Where are the buses?
Everyday Muhammad Ahmad gets up from his home in the Liaqatabad Colony near Ferozpur Road. The 23-year-old lives in a three-bedroom apartment...
In the aftermath of Eid, where does lumpy skin disease stand?
Dairy and meat farmers alike continue to be worried as the viral disease spreads more quickly
Banks need the SBPs help to cut their losses
Banks want the SBP to come in as a superhero and save them. Some banks need the SBP more than others
Microfinance Banks on the verge of crisis?
The sector is sitting on a ticking bomb in the shape of loans at the risk of default, a situation triggered by the pandemic
Airlift announces complete shutdown. Profit explains why
That’s all folks. After three years of operating in Pakistan, Airlift Technologies has announced a complete shutdown of its operations from tomorrow...
Nowhere to go but up: The SBP simply had to hike
Not just a simple 125 bps hike; there’s more to what the SBP is signaling
IFRS-9 likely to revamp loan provisioning
Implementation of the new accounting standard would negatively affect the profitability of financial institutions due to a hike in provisioning for loan default risk
Is a deregulated petroleum market the way to go ?
In a recent turn of events, sources have told Profit that the government is considering deregulating the petroleum, oil and lubricant market....