In Pakistan’s high-end hairstyling business, a not-so-new player makes a move
For 16 years, the Lebanese hairstylist Michael Kanaan has been running a small, secretive, super-selective, luxury salon. Why is he expanding to Lahore now?
Euromonitor terms Pakistan among world’s 10 fastest growing markets
KARACHI: Expected to grow at a constant value compound annual growth rate of 5.4% (based on fixed rupee-dollar exchange rate), Pakistan is one of the top 10...
Pakistan can’t have a digital payments revolution in retail. Because the government and the banks quell it!
Let’s start with a kicker. For the first three quarters of fiscal year 2021-22 ending March 31, 2022, Rs 502.7 billion worth of payments...
Fan industry holding its own despite setbacks
A research study by Lahore University of Management Sciences under its SME Cluster Survey Project of State Bank of Pakistan in 2011 revealed, Pakistan...
Services sector grows by 4.7pc in FY19: SBP
ISLAMABAD:Â The services sector of the country grew by 4.7pc during the financial year 2018-19, representing a slowdown when compared to last year, State Bank...
Pakistan’s biggest state run retail chain inching towards privatisation
ISLAMABAD:Â Pakistan's biggest state-run retail chain, Utility Stores Corporation (USC)- which is currently facing a decrease in sales, closure of large number outlets and layoffs...
Covid finally got Pakistanis to spend on fashion online… but businesses were caught off-guard
After the pandemic-induced lockdown, apparel businesses that depended on brick and mortar locations as a footfall and revenue source had to make a decision: adapt or die? Most chose to shift online, with serious teething problems in the transition.
Eid spending rises 15 percent, breaks Rs1 trillion trajectory
Director Operations, Emporium Mall Lahore Afnan Shah Khan projected a 20 percent rise in the market compared to last year and shared footfall crossed over a million during Ramazan this year against 830,000 in Emporium Mall last year
‘Exhausted’ Toys ‘R’ Us suppliers weigh options as huge retailer shuts
NEW YORK: When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods...
CSIL acquiring company holding franchise rights to Fat Burger in Pakistan
Karachi: In a notification sent to the bourse on Wednesday, Crescent Star Insurance Limited (CSIL) announced that it had signed a memorandum of understanding...
Inside the battle for retail’s future
On the 6th of October this year, the high towering, glitzy Centaurus Mall in Islamabad was ablaze with fire and fumes. For the next...
PSO country’s fastest growing retail company: Report
KARACHI: The government-owned Pakistan State Oil (PSO) is reported to be the country’s fastest-growing retail company with three million consumers said to be visiting...
Retail’s story of transformation
What is the future of retail in Pakistan? That’s a nagging question in the minds of big retailers in business, and it should also...
Taazo- the new biryani kid on the block
Former head of the Digital Business Unit for a Middle Eastern telecom company and previously Managing Director for the Middle East region for a...
British supermarkets battle to secure stocks as chaotic Brexit looms
With no deal in sight as Britain’s March 29 exit date approaches, supermarkets are stockpiling, working on alternative supplies and testing new routes to cope with an expected logjam at the borders but say they face insurmountable barriers
