CDNS unearths largest-ever ‘scam’ of Rs200 million
Internal control weaknesses, lack of reconciliation of data held in manual and computerized database led to the discovery of this fraud
How the HBL PSL became Pakistan cricket’s financial lifeline
In the past five years, the tournament has consistently been the biggest contributor to the PCB’s revenue. This is where the money comes from, and where it should be going
Abraaj fleeced investors to plug shortfalls
Abraaj's legitimate business activities 'could not produce and maintain the cash flow and cash flow reserves necessary to conduct basic, day-to-day...
Only 14% of women in Pakistan have access to financial services, reveals survey
Karandaaz Financial Inclusion Survey shows a significant gender gap, with male financial inclusion at 56%, while overall digital financial services access reaches 35%
PSX posts modest gains amid mixed sentiments
KARACHI:Â Investors of the Pakistan Stock Exchange (PSX) showed mixed sentiments before the announcement of budget on Tuesday, as the indices that started...
K-Electric posts Rs10.4bn profit for FY17
The Board of Directors of K-Electric Limited has approved the company’s financial results for the year ended 30 June 2017, a private...
SECP adopts three AAOIFI Shariah Standards
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of three Shariah Standards of the Accounting and Auditing...
Is this the end of Abu Dhabi group in Pakistan? And who is to blame?
A banker, a lawyer, and a Sheikh walk into a bar. What follows is not a joke, but a tale of high-stakes...
Bookme takes big leap with $20 million revenue target and $100 million price tag
The Pakistani ticketing startup was launched in 2014. More than a decade later it is looking to expand beyond Pakistan and has found potential markets
The heir to Agha Hasan Abedi
How Abraaj’s downfall has echoes of the earlier scandal of BCCI’s collapse, and how it might impact the place of Pakistanis in global finance
PSX ends 147 points higher, breaks three-day losing streak
KARACHI:Â Breaking its three-day losing streak, the Pakistan Stock Exchange (PSX) ended the last trading session of the week in green. Foreign investors...
Pakistan’s private equity potential
Profit explains what private equity is, and talks to some of the major stakeholders about the future
SBP increases clean lending limit for SMEs to Rs10 million
New regulations aim to boost access to finance for small and medium-sized enterprises, aligning with the National SME Policy 2021
BankIslami becomes victim of $6.5 million cyber-attack
Transactions of approximately $6 million as claimed by the international payment scheme have been denied by the bank.
In Padel, Pakistanis might find a different kind of sports investment
As popular as padel may be, can the sport become a televised national phenomenon that halts the country in its tracks on a match day?