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

Profit demystifies the controversy over the sale of KASB Bank

FBR rejects revising tax rates for non-filers withdrawing cash over Rs 50,000

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday refuted reports regarding revising the tax rates for non-filers withdrawing cash worth over Rs...

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...

PTA stopped from taking action against Mobilink, Telenor

ISLAMABAD: The Islamabad High Court (IHC) has stopped Pakistan Telecommunication Authority (PTA) from taking action against two mobile operating companies. The court has also...

Sugar Sharks: How does the most powerful lobby in Pakistan get its way?

Scores of sugarcane-laden lorries are parked on the main road in front of an abandoned car-making plant in Sujawal district, about 130...

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...

Govt decides to withdraw 10pc duty on 1,700cc and above cars

ISLAMABAD: Succumbing to the pressure of local car manufacturers/assemblers, the government is all set to withdraw its decision of imposing 10pc federal excise...

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

Pakistan Army owns $20 billion stakes in fifty conglomerates claims Indian media report

LAHORE:  The Pakistan army exercises control over fifty conglomerates said to be worth $20 billion stretching from banks, industrial plants, universities, milk dairies,...

Pakistan’s Newest Billionaire

Given the quantitative nature of financial analysis, it is easy to forget that investing is fundamentally about understanding people. You can stare...

Rupee regains Rs1.42 interbank, nabs dollar hike

The local currency strengthens on the back of higher inflow of remittance due to Ramadan and the approaching festival of Eid

Kekra-1: Exxon Mobil all set to pack up and leave

Pakistan was hopeful of finding large oil and gas reserves in its territorial waters in the Arabian Sea Hours after Prime Minister...

Proton officially enters Pakistani car market

ISLAMABAD: The joint venture between Malaysia's Proton and Pakistan's Al-Haj Group has been the centrepiece among a series of agreements signed between Pakistan...

IMC decides to launch Toyota Vios in Pakistan, Corolla GLi to be discontinued

KARACHI: Indus Motor Company Ltd (IMC) has finally decided to launch Toyota Vios in Pakistan after discontinuing the Toyota Corolla GLi, a...

Busting business myths one bite at a time

In 2014, a LUMS graduate along with his two friends decided to experiment with a business idea without following all the textbook...