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
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
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...
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...
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%
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
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
PSX maintains bullish momentum as KSE-100 index climbs 383 points to close above 122,000
Trading volume dips but investor confidence remains strong; Sapphire Fibres leads gainers while PIA Holding sees sharpest decline
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...
Govt notifies updated Public Finance Management Act to boost fiscal discipline and transparency
Finance Division has been empowered to oversee budgetary processes, cash management, guarantees, and borrowing
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.
The free market comes to Pakistan’s wheat crop
The state has been procuring and subsidising wheat production since 1968, claiming it is for the good of small farmers. In reality, it benefits everyone but the growers
Pakistan’s private equity potential
Profit explains what private equity is, and talks to some of the major stakeholders about the future
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...