SBP wants the cheap PayPak to be the default debit card; the banks don’t
Even as the central bank pushes to turn PayPak into the preferred debit card in the Pakistani market, the banks want to stick to their cash cows - Visa and Mastercard. But what does that mean for the consumers?
Why do advertisers in Pakistan ignore Snapchat?
A culture which punishes executives from deviating from the status quo is a toxic environment for ideas and experimentation
Hira Textile Mills introduces new yarn variety, hopes to get off defaulter list
Will the product be enough to change the mill's fortunes? It seems unlikely
Thinking outside the wrapper: How local brands like Candi can compete with Lotus
The local versions at times taste pretty much the same as their expensive, imported, counterparts. So why aren’t they creating ripples?
KE and Shell Pakistan’s MOU
What if a large conglomerate like Shell Pakistan, and K-Electric, the electricity provider to the largest city in the country, decided to sign a MoU to explore the possibility of electric charging stations in Karachi?
Pakistan’s digital efforts will not be in vain
The State Bank of Pakistan loves to promote its digitization process on its pages. Same goes for other banks as well: that...
Cherat Packaging to invest Rs1 billion in polypropylene plant
Cherat is taking out a long term loan to start its fourth line, in light of rising demand for the bags
Servis: the iconic shoe company doubles down on its tyre manufacturing business
The rubber goods manufacturer is setting up a joint venture with foreign investors to expand its production of radial tyres
Imperial Ltd. sells its land and packs up its sugar business
The struggling company has tried to keep going in various capacities, but has finally decided to exit its core business completely
Byco denies the WhatsApp rumour mill
Several WhatsApp groups had forwarded messages claiming that Byco had started two new production lines; Byco's share price went up on the PSX
Why does Pakistan fail to overcome the vicious cycle of circular debt?
The federal government and the independent power producer have apparently locked horns over the government’s payment plan as independent power producers (IPPs) have reportedly rejected payment plan offered by the federal government and demanded at least 50pc upfront cash payments before signing the formal agreements for tariff discounts
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
Despite a pandemic, Pakistani startups had their best year yet with over $65 million in funding
The coronavirus pandemic may have actually helped some startups, particularly as the fintech space in Pakistan continues to grow
Beware of the central bank bearing negative real interest rates
The State Bank is keeping rates low to try to stimulate the economy, but how much of the recent growth can be attributed to low rates? And what impact do negative real rates have on the banking system?
Pakistani drug companies rarely bring innovative products to market. Ferozsons broke the mould
The company’s partnership with Gilead Sciences has resulted in better products available to the Pakistani market, and a substantially better financial performance for the company itself