Three major banks are up for sale. Who will buy them?

For the first time in Pakistani history, three perfectly healthy and viable banks are simultaneously up for sale. None of them is a distressed...

Uber, Careem drivers making more than bankers’ average salary

Employment opportunities broaden as Uber, Careem expand footprint in KarachiForget long, tedious nine-to-five jobs; driving a cab is the new darling for unemployed youth...

First woman to head a major bank in Pakistan?

As per reports Sima Kamil, Head of branch banking at Habib Bank limited (HBL) could become the first woman to head one of the big five commercial...

Will Toyota be able to kill two birds with this one stone?

Earlier this month, the market was abuzz with talks that Indus Motor Company (IMC), the makers of Toyota Corollas in Pakistan, is replacing its...

CPEC will continue fueling growth of Pakistan’s construction industry over next decade: Fitch Solutions

Improved transparency regarding CPEC projects will aid Pakistan’s efforts in the renegotiation of an IMF bailout, which if sanctioned could provide its struggling economy with much required economic relief, said Fitch Solutions

Govt plans visa on arrival for 55 countries to uplift tourism sector

Adviser to the Prime Minister for Commerce and Investment Abdul Razak Dawood said on Tuesday that Pakistan is considering allowing visa on arrival for...

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.

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 the heart...

Can Tapal’s new boss lady defy the odds & retain market leadership?

“You can keep wealth in the family only for three generations,” asserts an ancient Chinese proverb. Similar aphorisms exist elsewhere. “From the cowshed to...

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 by Profit...

Aamir might not succeed in turning Veon into Pakistan’s WeChat. But what if he does?

When Government of Pakistan opened its telecoms market to private sector 13 years ago, the country saw a massive inflow of foreign investment. The...

A bank sold for just Rs1,000. Does it make any sense?

Profit demystifies the controversy over the sale of KASB Bank

Cement prices to go up by Rs50 per bag

LAHORE: Cement manufacturers nationwide have decided to jack up cement price by Rs50 per bag after the hike in fuel prices recently. Sources familiar...

Mian Mansha brings Hyundai cars back to Pakistan

South Korean carmaker Hyundai Motor Co is expected to resume assembling of cars in Pakistan, according to a statement sent to PSX by Nishat...

Rupee regains Rs1.87 against greenback in inter-bank trading

But the bank officials firmly believed that SBP had intervened in the inter-bank market and the rupee’s recovery against the dollar was artificial and short-lived

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