Editor’s Note: The state of the State Bank
If the KASB Bank’s own valuation was correct, then it actually was sold for a song by SBP. If the auditors’ valuation was correct, then was SBP sleeping on the job when it let things get so bad at KASB?
Editor’s Note: Moral cowardice
For a minute there, we had hope.
To anyone who has hoped for a more tolerant Pakistan, where a person is judged not by their...
Efficiency in manufacturing has to be achieved through cost management
Pakistan’s manufacturing and industrial sector finds itself at a pivotal moment. For decades, the industry thrived under generous government support through tax incentives, subsidized...
A blueprint for Pakistan’s public sector companies beyond privatisation exists
Loss-making Public Sector Enterprises (PSE) and privatisation have been a national obsession for the last three decades. Successive governments, military and civil, have highlighted...
Editor’s Note: What will PTI’s economic policy look like
So it happened at last. The Pakistan Tehrik-e-Insaf, after 22 years of struggle, has finally managed to win an election, albeit with more than...
Disrupt or Be Disrupted
The human mind is trained to visualise linear developments and finds it difficult to estimate exponential possibilities which emanate from technology. Such disruptions are...
Risk of restrictions looms large over troubled retail sector
Elevated inflation and the ongoing economic crisis in Pakistan appear to have badly hit consumers and businesses alike. After experiencing several economic shocks over...
Hot N Cold (The SBP’s Version)
The SBP has been moody lately. They’ve been changing their mind constantly, releasing confusing monetary policy statements, and have failed to communicate effectively. Understanding...
The fault in our auditing environment
ICAP can no longer in good faith act both as institutions and regulator
Should we have a Planning Commission?
Kh Asif with his caustic remark “if here had been a Planning commission then, Taj Mahal would not be built!’ I am glad that...
Rules to hold us accountable by
Over the past week, Profit faced a bit of criticism from one of the subjects of a story that we did. The story had...
Fixing pay and pensions
250 million people exist to pay the salaries of government employees
Editor’s Note: Freedom of the business press
It has been one full year of ‘Profit’. At the risk of sounding too full of ourselves, I think we can go ahead and...
A welcome rollback on coal-fired power
Prime Minister Imran Khan’s announcement that Pakistan would seek to take a step back from its recent policy of promoting coal-fired power plants was...
2023-2024 Budget
The Budget 2023-2024 was presented under constraints coming from all directions, and posed an almost insoluble problem for the Finance Minister. The Budget had...
