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....
Telcos Energy Concerns: Unnecessary Whining or a Genuine Problem?
The telecom sector claims to be suffering from the high energy costs but is it an exaggeration or a reality?
Laying Connectivity: Decoding the Submarine Cable Network
All you wanted to know about submarine cables. Spoiler alert: sharks are not dining on them
In Pakistan, the startup ecosystem fosters an elite group of professionals
Senior executives and young professionals are both gravitating towards the startup ecosystem. These are their stories
Could Pakistan monetize volleyball?
In August 2021, Pakistanis were on the edge of their seats. Thousands of miles away in Tokyo Japan, Arshad Nadeem from Mian...
A paw-trait of the pet food ban
Navigating the bar on imported pet feed in Pakistan
Love, financial fraud, smuggling and murder – the tragedy of Seth Abid’s family
Seth Abid was larger than life. But his family’s fortunes have been sullied by a string of crimes - both financial and personal.
EY is evaluating an internal spin-off
The ambitious plan could see the Pakistan operations changing structure
Is the ‘Super-Tax’ the need of the hour or an easy way out?
The effective corporate tax rates are now highest in the region but is this necessary?
The gas conundrum
International prices continue to play havoc on the local market
How banks make money by holding onto your international payments
Yes the banks are being greedy here. But then again, they’re banks. They’re supposed to be greedy