Pakistan's Banks Are Profitable. Are They Useful?
Record banking profits built on government paper raise a structural question: who is financing the private sector?
Record banking profits built on government paper raise a structural question: who is financing the private sector?
Export orders have recovered from the slump, but energy costs and financing rates are eating the spread.
Cement offtake is Pakistan's most honest economic indicator. Here's what the latest numbers signal.
The power sector's receivables chain has become a macro risk. Mapping who owes what to whom.
Deleveraged balance sheets and delayed capex tell a story about confidence — and about the price of money.
A sector that rarely makes headlines has been compounding steadily. The opportunity and the regulatory ceiling.
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