Why did KPMG resign as Agritech’s auditors?
State-owned fertiliser manufacturer has been hemorrhaging money for years now, and its auditors are done trying to pretend the company is anything but bankrupt
Zharbiz wants to turn garbage into electricity and drones into taxis in Pakistan
Led by a Pakistani from Azad Kashmir, the Philippines-based Zharbiz International Holdings has futuristic plans for Pakistan. But how realistic are they?
As rainfall swept Karachi, banks failed to notify customers about flooded lockers
Customers of at least three banks – Habib Metropolitan, UBL, and Samba – are complaining that banks did not do enough to inform them their valuables had been damaged by monsoon water.
Pakistani Tatas are consolidating. But who are they and what do they do?
All four group companies are being merged into a single entity, which already had common majority shareholders and boards of directors
Here is why the latest PSX notice by leasing company PICL should be taken with a pinch of salt
Pakistan Industrial and Commercial Leasing has been unable to disclose its financials to public investors for well over a decade, but has decided to seek an extension by blaming the pandemic’s impact on its own C-suite
Pakistan is undergoing a budget hotel revolution. Kind of.
As demands for clean and standard accommodation without the trappings of five-star hotels increase, large chains are partnering with private investors to create a string of mid-sized hotels
As advertising moves digital, media agencies will fade away if they fail to evolve
A forecast by the largest WPP media agency suggests that by 2023, 49% of total advertising spending in Pakistan will be on digital, the buying function of which is natural to in-house auction-based models which undo buying at scale
Debt reprofiling: did the Finance Ministry get it right?
The government reprofiled a major part of the short term debt over the past few months, but did it get its timing wrong?
The economics of Muharram
Each year the memory of Ashura is brought back to life, and with it comes a unique set of economic conditions.
The troubled road to Afghan trade is not a dead-end
Trade between Pakistan and Afghanistan has been overshadowed by regional and internal politics of both countries. But businesses want an end to it.
Older first-time users driving online grocery and delivery models: Deloitte
The leading professional services network wants executives to understand the potential long-term impact on retail food and grocery, including sustained category changes and permanent shifts in consumer behavior. Profit spoke with a category leader that is ahead of consultants.
Haball: The rising fintech company digitising supply chain ecosystem
Haball is another fintech company trying to digitize the supply chain ecosystem. But how is it different from others trying to do the same thing, and why is the SBP banking on its success?
What does Rehan Shaikh inherit at Standard Chartered?
SCB has been a steady performer for much of the past decade, though its market share has slipped. Can the new CEO revitalise growth?
HOV: the new $1 million accelerator looking to make a mark on Pakistani startups
Omar Parvez Khan, partner at Singapore-based High Output Ventures speaks to Profit about a gap – and potential opportunity – in the Pakistani venture capital scene
The locusts are back with a vengeance, and we’ve been caught unawares. Again.
As a third wave of locusts enter Pakistan, the government is once again depending on a hope and a prayer. This time, it may not work.