What if I told you that there was a mutual fund that was dead and alive at the same time? Well, active and inactive would be more appropriate. Habib Growth Fund is a fund managed by Habib Asset Management which seems to be in two states at one time (THREAD) 1/6

Habib Growth Fund started its life as PICIC Growth Fund and was managed by PICIC Commercial Bank. As the ownership of the bank changed hands, the fund managed to stay throughout. With consistent payout and profitability, it was considered a good investment 2/6

In 2016, Habib Asset Management decided to merge the fund into its own portfolio and soon after the merger, the fund was converted into an open ended fund. The complication? The frozen portfolio that was held by the fund 3/6

PGF had invested in Pakistan State Oil and Sui Northern Gas Pipeline which meant that they could not sell these shares based on their own accord. There was an understanding between the government that these shares are left frozen until a permission is granted 4/6

Due to this, the fund carved out a frozen and unfrozen portfolio leading to an open and closed fund being created from a single fund. With these two funds being created, investors in the closed end fund have been left perplexed 5/6

The AMC is still charging fee to manage the fund while the portfolio stays frozen and cannot be impacted. The investors are raising their voice against this and want SECP to step in to resolve this matter. Read this week’s story to find out more. 6/6 profit.pakistantoday.com.pk/2025/05/13/sch…

In the early hours of Sunday, a video surfaced of a physical assault being carried out in the corridors of Islamabad High Court. The user was Zia Chishti and the video showed him being manhandled by lawyers in the court premises (THREAD) 1/7

The assault was being condemned as it was being perpetrated against an individual who had carried out a technology based revolution in the country. The founder of Afiniti and TRG being treated with such disdain was abhorrent 2/7

So what could have happened for such an attack to be carried out? TRG was once seen as the apple of the stock market with investors and research analysts fawning over the success of the company. The company was going gangbusters 3/7

Then came the allegations of sexual assault in Novemeber of 2021 and this triggered a tug of war for the ages. Chishti had to step down from Afinit and TRG and a new board of directors was elected at TRG Pakistan 4/7

Since then, Chishti has tried to take over the company through covert means and carried out an alleged malicious campaign against TRG Pakistan. All such moves have been foiled by the courts of the country. 5/7

With the new board of elections to be conducted, a new wave of attacks started. On one hand, TRG Pakistan allegedly tried to buy more shares to strengthen its position while Chishti was able to redeem his name and reputation 6/7

What were the latest developments in this war and how did it all culminate in a physical attack on the ex-CEO? Read this week’s story to find out more: 7/7 profit.pakistantoday.com.pk/2025/08/04/as-…

PSO is facing two issues that need to be addressed. With circular debt being addressed by the government, the internal problem can still restrict its growth in revenues and profits in the future (THREAD) 1/7

Firstly, PSO has been impacted by the circular debt, which has been plaguing the economy for too long. The fact that each link in the circular debt chain fails to make a complete recovery means it is unable to pay back its relevant dues 2/7

As the cycle keeps growing, the size of the circular debt has grown to Rs 2.4 trillion in recent years. The impact of this is that PSO keeps seeing a larger amount of receivables that are not being paid back 3/7

As the receivables are increasing, PSO has to resort to borrowing in order to finance its working capital requirements, which is inflating the short-term borrowing and trade creditors that it has on its own balance sheet 4/7

Even in the face of increasing sales and profits, the cash flow of the company has deteriorated, and external finance is being used. The gap between cash flows and profits is widening on a yearly basis 5/7

IMF has now asked the government to step in and help the energy sector fix this issue. As funds are expected to be injected into the company, there is another issue that needs to be resolved. How to best use these funds 6/7

Recent financials show that PSO is maintaining a large amount of cash and cash equivalents, which can be better used to pay back much of its debt. How is this impacting PSO? Read this week’s story to find out more 7/7 profit.pakistantoday.com.pk/2025/09/01/two…