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Sign in Subscribe * E-Papers * Profit Magazine * Pakistan Today * Headlines * Featured * Opinion * Comment * Editorial * Tech * World * Satire Sign in Welcome!Log into your account your username your password Forgot your password? Create an account Sign up Welcome!Register for an account your email your username A password will be e-mailed to you. Password recovery Recover your password your email Search Sign inSubscribe PROFIT BY PAKISTAN TODAY * E-Papers * Profit Magazine * Pakistan Today * Headlines * Headlines RS14.5BN – IS PAKISTAN ABOUT TO RECORD ITS BIGGEST EVER CORPORATE… Headlines SEPTEMBER REMITTANCES IMPROVE SLIGHTLY BUT LOWER THAN EXPECTED Headlines ‘OFFICIAL’ GOLD RATES HAVE FINALLY BEEN RELEASED AGAIN. WHAT TOOK SO… Economy IMF PROJECTS PAKISTAN GDP TO GROW BY 2.5% IN 2024 Governance ‘GOVT TO TAKE FORWARD PRIVATIZATION PROCESS IN TRANSPARENT MANNER’ FAWAD HASAN… * Featured * Editor’s picks NAVEED ANWAR – OUR MAN AT CITI Editor’s picks THE BATTLE FOR TRG IS RAGING. WILL ZIA CHISHTI GET HIS… Cover story CAN THE MIRACLE CALLED SIUT BE REPLICATED? Editor’s picks WILL OLPERS’ CARTOON PLOY WORK? Editor’s picks WHAT WENT DOWN WITH PAKISTAN’S MEAT EXPORTS TO THE UAE? * Opinion * AllCommentEditorial Comment TRANSITIONING AWAY FROM A CASH ECONOMY Comment LIVING ON THE EDGE Comment RE-ORIENTING CONSUMPTION Comment RECONFIGURING THE ECONOMY * Tech * Headlines NAVIGATING THE INDOLJ “SECURITY BREACH”: SEPARATING FACT FROM FICTION Headlines PAKISTAN’S ONLINE JOBS ADVERTISER ROZEE LAUNCHES FREELANCING PLATFORM AZADEE Editor’s picks SPOTIFY IN PAKISTAN: WILL PAKISTANI ARTISTS FINALLY BE ABLE TO MAKE… Editor’s picks BYKEA MANAGED TO DODGE A BULLET, BUT WILL EVERYONE ELSE BE… Editor’s picks POSTERMYWALL’S JOURNEY OF COINCIDENCE * World * Satire Headlines RS14.5BN – IS PAKISTAN ABOUT TO RECORD ITS BIGGEST EVER CORPORATE REAL ESTATE SALES? The sale of Regent Plaza to SIUT would be the biggest real estate purchase in Pakistan but only in rupee terms. Headlines ‘OFFICIAL’ GOLD RATES HAVE FINALLY BEEN RELEASED AGAIN. WHAT TOOK SO LONG? Energy IS PETROCHEMICAL SET TO BE PAKISTAN’S NEXT INDUSTRY TO WATCH? Cover story CAN THE MIRACLE CALLED SIUT BE REPLICATED? October 8, 2023 In a country where the illegal kidney trade is rampant, SIUT offers a glimmer of hope. Can anything close to it ever be done again? NEWS UPDATES COTTON CROP EXPECTED TO GROW BY MORE THAN TWICE 13 hours ago UNLICENSED KONNECT GAS ALLEGEDLY INVOLVED IN UNLAWFUL SALE OF UNPROCESSED GAS TO CNG STATIONS SINCE 2020 13 hours ago INDUSTRIALISTS URGE GOVT TO TAKE PRAGMATIC STEPS FOR RESOLUTION OF ISSUES 13 hours ago GOVT TO BORROW OVER RS10 TRN TO MEET FINANCIAL OBLIGATIONS 1 day ago EDITOR'S PICKS NAVEED ANWAR – OUR MAN AT CITI A Pakistani is calling the shots on global digital and data strategy for one of the world’s biggest banks - how did he get there and what’s next? THE BATTLE FOR TRG IS RAGING. WILL ZIA CHISHTI GET HIS WAY AGAIN? With newspaper ads and angry shareholders abound, a hostile takeover could be on the horizon IN RURAL PAKISTAN, THE INFLATION PROBLEM IS EVEN WORSE Despite your income, the amount of inflation that you face differs, based on where you live. Profit explains why, and how much? WILL OLPERS’ CARTOON PLOY WORK? Engro-Friesland might just be able to pull off a lot more with flavoured milk than Engro Foods’ attempt a decade ago EDITORIAL IN THE WORLD OF CRICKET INDIA IS A BULLY, AND PAKISTAN THEIR ONLY OPPOSITION Massive economic potential is being wasted only because both India and Pakistan have highly politicised cricket boards ON THE ECONOMY’S NEW ‘TECHNOCRATIC’ CARETAKERS PM Kakar’s cabinet will be in the driving seat for the foreseeable future. To do any good they must hold fast to their limitations OPINION TRANSITIONING AWAY FROM A CASH ECONOMY What's wrong with extremely high levels of cash in our economy, and what needs to be done to fix this. LIVING ON THE EDGE Pakistani start-ups face a difficult future as international venture capital funds dry up RE-ORIENTING CONSUMPTION Fixing the imported fuel problem RECONFIGURING THE ECONOMY Stuck in a low-growth loop E-MAGAZINE PROFIT E-MAGAZINE ISSUE 266 VIDEOS 00:04:08 YES, DEPOSITS HIGHER THAN RS 5 LAKHS AREN’T ‘PROTECTED’ AND HERE’S WHY THAT’S NOT ALARMING Despite the frenzy created by certain media reports, bank deposits above five lakh rupees are not, in fact, “unprotected.” 00:14:24 UFONE (PTML) DABBLES INTO UNCHARTERED TERRITORY WITH ONIC, BUT WHAT IS THERE TO GAIN? What is a digital telco brand? What is the need of one? And what additional value does it offer customers already using a conventional... 00:08:09 INSIDE THE HIGH RETURNS OF THE MEEZAN SOVEREIGN FUND Al Meezan Investments wants to grow your wealth and is offering high returns. Is there a catch? 00:09:07 THE BANKS ARE BECOMING EXCHANGE COMPANIES AS WELL. WHAT DOES THAT MEAN? With 7 banks creating exchange companies in quick succession, what shape will the currency market take? HEADLINES Headlines RS14.5BN – IS PAKISTAN ABOUT TO RECORD ITS BIGGEST EVER CORPORATE REAL ESTATE SALES? Headlines SEPTEMBER REMITTANCES IMPROVE SLIGHTLY BUT LOWER THAN EXPECTED Headlines ‘OFFICIAL’ GOLD RATES HAVE FINALLY BEEN RELEASED AGAIN. WHAT TOOK SO LONG? Economy IMF PROJECTS PAKISTAN GDP TO GROW BY 2.5% IN 2024 Governance ‘GOVT TO TAKE FORWARD PRIVATIZATION PROCESS IN TRANSPARENT MANNER’ FAWAD HASAN FAWAD Energy IS PETROCHEMICAL SET TO BE PAKISTAN’S NEXT INDUSTRY TO WATCH? Energy SUNDAYS POSSIBLE PRICE REDUCTION RAISE FEARS OF INVENTORY LOSSES FOR OMCS FEATURES Editor's picks NAVEED ANWAR – OUR MAN AT CITI Editor's picks THE BATTLE FOR TRG IS RAGING. WILL ZIA CHISHTI GET HIS WAY AGAIN? Cover story CAN THE MIRACLE CALLED SIUT BE REPLICATED? Editor's picks WILL OLPERS’ CARTOON PLOY WORK? Editor's picks WHAT WENT DOWN WITH PAKISTAN’S MEAT EXPORTS TO THE UAE? Editor's picks “WE ARE LISTENING” : BASED ON THE LATEST T-BILL AUCTION, THE MARKET HAS REALIGNED WITH THE CENTRAL BANK’S STANCE Editor's picks INSIDE THE HIGH RETURNS OF THE MEEZAN SOVEREIGN FUND WORLD Top News Updates CHINA REACHES DEBT AGREEMENT WITH SRI LANKA, SURPRISING IMF Top News Updates INDIA DETAINS VIVO EXECUTIVE, THREE OTHERS IN MONEY LAUNDERING CASE Economy IMF SAYS GLOBAL ECONOMY ‘LIMPING ALONG’, CUTS GROWTH FORECAST FOR CHINA, EURO ZONE Top News Updates CHINA FOREX RESERVES FALL TO $3.115TR IN SEPTEMBER Energy OIL CONTINUES TO TUMBLE AFTER PREVIOUS SESSION’S SLIDE Top News Updates BANKS BEHIND 70% JUMP IN GREENWASHING INCIDENTS IN 2023 -REPORT Top News Updates CHINA’S ECONOMY STABILISES, FACTORY ACTIVITY RETURNS TO EXPANSION PARTNER CONTENT PARTNER CONTENT ON WORLD SIGHT DAY, HBL MOBILE BECOMES PAKISTAN’S FIRST MOBILE BANKING APP FOR VISUALLY IMPAIRED INDIVIDUALS PARTNER CONTENT YES ELECTROMOTIVE AND WASL INVESTMENT FINANCE LTD. FORGE PARTNERSHIP FOR EV ACCESSIBILITY PARTNER CONTENT HBL & J.P. MORGAN ENTER INTO AN AGREEMENT FOR SECURE, AND COST-EFFECTIVE CROSS-BORDER PAYMENTS TO PAKISTAN VIA XPEDITE REMIT PARTNER CONTENT PAKISTANI YOUTH WANT NOTHING MORE THAN THE BEST HIGHER EDUCATION SCHOLARSHIPS PARTNER CONTENT EMPOWERING WOMEN LED TECH INNOVATIONS: SHE LOVES TECH PAKISTAN 2023 WRAPS UP IN COLLABORATION WITH HBL PARTNER CONTENT ELEVATING THE VIEWER EXPERIENCE: MYCO’S GAME-CHANGING APPROACH TO ICC WORLD CUP 2023 IN CASE YOU MISSED IT BIG BANKS ARE ALL SET TO RUN THE OPEN MARKET. WHAT DOES IT SOLVE AND WHAT IT DOESN’T In early September, the State Bank of Pakistan (SBP)... WHAT’S ALL THE FUSS ABOUT CORPORATE FARMING? The military leadership is taking the economy into their own hands. Agriculture is the biggest component of that economy. What are their plans? PAKISTAN’S CANDY KINGS EBM and Mondelez are firmly placed in their positions as market leaders. But there is one local competitor that promises to show some fight DOLLAR DANDA: HOW THE CURRENCY MARKET WAS TAMED AND WHY IT WON’T WORK The open market went into a tailspin. This is how it was reined in HAS THE ‘PEOPLES’ BUS SERVICE FALLEN PREY TO THE PEOPLE’S REPRESENTATIVES? Why would management of a provincial public transport project be given to a federal company responsible for producing telecommunications equipment? PTCL WANTS TO SELL UFONE. HERE’S WHY THAT’S A GOOD IDEA The state-owned company wants to get out of the consumer business and focus on its infrastructure business. That could result in cheaper cellphone and internet services for all Pakistanis. PAKISTAN’S PRIVATE EQUITY POTENTIAL Profit explains what private equity is, and talks to some of the major stakeholders about the future LAHORE’S VERTICAL GROWTH GAMBIT With the Punjab government getting in on the action, Pakistan's first properly planned business district in Lahore might change the city's standing Publishing Editor: Babar Nizami - Joint Editor: Yousaf Nizami - Editor Multimedia: Umar Aziz Senior Editor: Abdullah Niazi I Sub-Editor: Basit Munawar - Video Editors: Talha Farooqi I Fawad Shakeel - Business Reporters: Taimoor Hassan l Daniyal Ahmad | Shahab Omer l Zain Naeem | Saneela Jawad | Ghulam Abbass l Ahmad Ahmadani l Shehzad Paracha l Aziz Buneri | Nisma Riaz | Mariam Umar | Urooj Imran | Shahnawaz Ali | Meerub Amir | - Regional Heads of Marketing: Mudassir Alam (Khi) | Sohail Abbas (Lhe) | Malik Israr (Isb) -- Pakistan’s #1 business magazine - your go-to source for business, economic and financial news. 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