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Unity Foods Scandal Shakes Pakistan Markets | Pakistan News
Pakistan’s financial watchdog is under fire after uncovering a $44 billion gap in Unity Foods’ books — a scandal that exposed years of regulatory failure and shattered investor trust. The company, owned by Singapore’s Wilmar International, claimed profits but secretly hemorrhaged $150 million, forcing its CEO and CFO to quit and triggering a criminal investigation. Meanwhile, another bank is quietly destabilizing the system by borrowing more than its entire deposit base from Pakistan’s central bank — 50% of its funding now comes from weekly refinanced short-term loans, creating a ticking time…
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