Iraq devalues dinar as oil prices squeeze revenues
BAGHDAD: Iraq’s central bank increased the sale price of U.S. dollars to banks and currency exchanges to 1,460 dinars, from 1,182 dinars, seeking to...
China could restrict bank tie-ups with fintech platforms, official suggests
BEIJING: China’s former finance minister Lou Jiwei suggested that China could restrict the number of banks a single fintech platform can partner with, to...
How dependence on the government’s pursestrings is crippling the news media
For years media houses have been dependent on the government’s advertising spending to run smoothly. This government is the first to test the extent they can exploit this
After Atlas’ investment, Integration Xperts eyes early IPO
The recent years have been a good time to be a startup in Pakistan. While the ongoing pandemic may have slowed things down, it...
The death of the refurbished Japanese car
How the imported car market blossomed in Pakistan, and why it came to an unceremonial stop
International Industries uses SBP’s TERF to expand steel rolling capacity
Use of the central bank’s banking sector bailout to finance an expansion plan falls within the scope of the program, but is unusual among Pakistani industrial conglomerates
Roshan Packages’ Chinese joint venture partners concedes defeat
The Chinese partner company has agreed to sell its shares in the joint venture to Roshan after losing a court battle in the Lahore High Court
Nazir Cotton Mills to exit textiles and enter the dairy farming business
Yet another textile company realises that the future does not lie in producing low-value products that serve as intermediary goods for low-margin clothing
Can Hubco revive DHA Cogen plant to supply desalinated water to Karachi?
The power generation company wants to use a long-dormant plant on the city’s coastline, extending its business into water supply
What have Pakistanis been searching for on Google during 2020?
Google’s Year-in-Search results for Pakistan shows a concern for the pandemic and the possibility of changing consumer habits, but mostly business as usual
How much can you make as a social media influencer in Pakistan?
As advertisers grow their media investments in a new generation of brand ambassadors and celebrities, Profit conducted a study to determine just how viable influencer marketing is as a career path in Pakistan
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...
Netsol signs ‘mystery’ multi-million dollar agreement
It is not the first time the technology company has signed a deal of this size
The economics of a greener coal in Thar Coalfields
Coal may be the dirtiest fuel, but there exist several viable options to continue using indigenous coal while reducing carbon emissions
GB protests one side cut in PIA fares
ISLAMABAD: Although Pakistan International Airline (PIA) has announced a reduction in fare for its flights to Gilgit Baltistan (GB), residents of the area have...