How a 30 year old became a media tycoon

Deep into the winding, messy streets of a Lahore township, on one end of a broken road stands a building five stories...

FBR seals Jazz’s Islamabad office over non-payment of taxes

ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday sealed an office of the Pakistan Mobile Communication Limited (PMCL) due to non-payment...
Govt grapples with dollar crunch to buy oil amidst pending syndicated financing

Pakistani rupee makes huge recovery against US dollar

Islamabad: The rupee made huge gains against the US dollar in the interbank market on Wednesday, the rupee appreciated more than Rs9...

Why your LUMS and IBA degrees will not land you a job

Consider the following thought experiment: what would it take for a company to replace Google as the default search engine to the...

Cheetay mulling shut down, Dastgyr, others look towards layoffs as startups go through another purge  

Hurting macros, global dearth of risk capital lead to massive layoffs, closures in Pakistan’s startup scene. 

CBD’s work on Kalma Chowk underpass is almost done. Will it be worth it? 

LAHORE: Commuters in Lahore may receive some respite soon with the completion of the Rs 5 billion Kalm Chowk Remodelling Project currently...

FBR fixes new valuations of immovable properties in Islamabad

ISLAMABAD: The Federal Board of Revenue (FBR) has lowered the fair market value of immovable properties in Islamabad after consultation with stakeholders,...

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

Profit demystifies the controversy over the sale of KASB Bank

FBR chief Shabbar Zaidi to go on indefinite leave

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi will go on an indefinite leave on health grounds, Pakistan Today has learnt. According to sources,...

Ban announced on manufacturing and sale of traditional fans

ISLAMABAD: The government is going to ban manufacturing and marketing of traditional fans and bulbs from July 1, 2023, Profit learnt on...

Banks quoting upwards of Rs241 to retire LCs of oil imports from June

Karachi: Profit has been able to confirm that Letters of Credit (LCs) for oil shipments that landed in May and June are...

Mango exports suspended for 23 days due to dispute over plant SOPs

This situation has jeopardized the export of the prized Chaunsa mango variety, which holds a substantial market in Iran and Dubai, amounting to over $100mn 

Backed by Kleiner Perkins, former SAPM Tania Aidrus kickstarts digital bank venture 

Backed by international venture capital firm Kleiner Perkins, former SAPM on Digital Pakistan Tania Aidrus is set to launch a digital bank,...

Rabeel Warraich’s $30 million bet on Pakistani entrepreneurship

How a 33-year-old middle-class Pindi boy became the first professional venture capitalist in Pakistani history

Power breakdown across Pakistan  

Pakistan experienced a massive power outage early Monday due to a failure in its national electricity grid. Power was out in all...