Pakistan’s first fashion billionaire?
The year 2017 is the first time the Pakistani clothing market hit Rs1 trillion in consumer spending (according to an analysis conducted...
What happened at Habib Bank in New York?
The Grand Central Terminal in New York is, by some measures, the largest train station in the world, covering 48 acres in...
All you need to know about government prize bonds
For anyone that has ever solicited advice in Pakistan about saving or investing small sums of money, chances are they have been...
Income, culture, and inequality — who are Pakistan’s middle-classes?
With imperfect data and complex definitions of class, Profit tries to determine what it means to be middle-class, and why people want it to be their origin story
PakWheels: The road to a $1 billion valuation
The automobiles market in Pakistan has grown exponentially over the last ten to fifteen years. Growing competition between the big three indigenous...
KIA Stonic’s drastic price fall is a tale of lobbying, regulatory capture, and high margins. Here’s what went down behind the scenes
For the past year, Pakistan’s car manufacturers have been at war with each other, using every trick in the book. Has KIA just ended it with a masterstroke, or is it just getting started?
How Musadaq Zulqarnain became a billionaire by selling socks
In 1992, two brothers Musadaq Zulqarnain and Naveed Fazil along with their friend Tariq Iqbal Khan, set out to establish a company...
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...
Bank Al Habib buys Centrepoint from TPL Properties for nearly $50 million
The nation is curious: exactly how much did one of the fanciest buildings in the largest city sell for?
The big-boys of banking make big-bucks, but are they worth it?
Profit ranks bank CEOs based on their salaries and the returns they bring about
Bank Makramah sells headquarters building in Karachi for Rs12 billion
The deal would be the second largest publicly disclosed commercial real estate transaction in Pakistan by rupee value, third largest by dollar value
Seth Abid: Pakistan’s ‘pious’ smuggler, mythmaker, and the last of the outlaws
Gold smuggler, real estate developer, and philanthropist, the man was part of the Pakistani imagination for well over half a century
The case for the Ufone-Telenor merger
Why, counterintuitively, fewer competitors might mean better choices for mobile telecommunications consumers in Pakistan
Is Dewan Yousuf serious or will he hoodwink everyone yet again?
The Group faces a serious credibility crisis as it turns down offers for its cement plants for the umpteenth time – even the lucrative Mega offer – raising doubts about its intent to sell and settle the default.
After Ferozsons, Searle jumps into the remdesivir market
As the world worries about the coronavirus pandemic and how to beat back covid-19, Pakistan now apparently has not one but two...