Editor’s note: Clicks but not without bricks
Yes, digital is the future in all sectors, including banking. Yes, Standard Chartered has a bit of a first movers advantage within...
Distorted incentives, distorted economy
There is a running theme across many of the stories we cover in this week’s issue of Profit: how distorted incentives can...
In defence of our startupsÂ
Much has been said about the rise of the startup ecosystem in Pakistan. From enthusiastic cheerleading to words of caution and cynicism,...
The burden of over-regulation
In this edition of Profit, both our cover story and one of our main feature stories are about the financial services sector,...
Keeping fingers crossed
Things aren’t too bad on the foreign exchange reserves front. At $22.4 billion, our reserves seem to be sitting pretty; higher than...
Take the hammer to the rent-seekers
In general, this magazine believes in free markets, which can often mean we advocate for the removal of what we view as...
Putin’s lunch
There is no denying that Prime Minister Imran Khan faced a difficult decision this week when President Vladimir Putin ordered his forces...
Uncertainty gives flight to the dollar
On the 9th of December, the US dollar reached an all time high by crossing the Rs 178 mark on the interbank...
Editor’s Note: The power of humility
At the highest level of the corporate world, humility is not a virtue recognised as valuable by most. This is unsurprising given...
Interest rate hiked
The State Bank of Pakistan’s Monetary Policy Committee on Wednesday increased the benchmark interest rate 100 basis points, to 21 percent, in...
Are the banks being lazy? …or – plot twist – being responsible?
Lending to the government is not banking, Allied Bank Limited Chairman, Naeem Mukhtar told me over food at a family wedding in...
Editor’s Note: PIA’s turnaround effort
It is no secret that Pakistan’s state-owned enterprises are almost invariably badly run, but even by the Government of Pakistan’s atrocious standards,...
Record inflation and the journey there
Little can be achieved from fixating on when the rot started to set in. What is needed is a focus on where we stand and what can now be done
The government needs to stop embarrassing itself
The tragedy of the government of Pakistan is that they seem entirely unaware of just how embarrassingly asinine their ideas tend to...
Cooling the economy
For more than a year now, we have been hearing the State Bank of Pakistan (SBP) tell us about how well the...