Business

Business – NEN Agency

Welcome to the Business section of NEN Agency, where we decode Pakistan’s economy, spotlight entrepreneurs, and track global market trends. From corporate boardrooms to small-town startups, our coverage connects you to the decisions, deals, and developments shaping financial life in Pakistan and beyond.

Inside This Category

  • Pakistan Economy: Government policies, taxation, inflation, trade, and growth indicators.

  • Startups & SMEs: Success stories of Pakistani entrepreneurs and innovative ventures.

  • Stock Market & Finance: Updates on PSX, forex, banking, and financial literacy.

  • Global Business: Trends from international markets, MNC activities, and economic events.

Why Our Business Coverage Stands Out
We don’t just report the numbers — we explain what they mean for you. Our team digs deeper into the “why” behind every headline, giving readers the context they need to make informed decisions.

Business

Street Vendor Sells School Bags Under Umbrella in Lahore

In Lahore, a street vendor attracted attention by selling school bags from a roadside stall. Seeking shade under an umbrella, he battled the scorching sun. These vendors showcase remarkable resilience as they brave intense heat, offering a range of school bags to passing customers. Street Vendors’ Resilience This scenario highlights the determination of street vendors who face harsh weather conditions to earn their livelihoods. Using umbrellas as makeshift sun protection is a widespread practice among Lahore’s vendors, illustrating their resourcefulness in the city’s bustling market. Creative Strategies in Business On the same day, another vendor innovatively presented lemon malt drinks to passersby, providing relief from the heat. This exemplifies the inventive strategies employed by traders to attract customers and sustain their business during the intense heatwave.

Business

Street Vendors Offer Lemon Drinks Amid Lahore Heatwave

LAHORE — In Lahore, street vendors are witnessing a significant increase in business as the severe heatwave pushes residents to seek cooling refreshments. Roadside stalls selling lemon malt drinks have emerged as a favored choice for those battling the oppressive temperatures. Heatwave Impacts Local Commerce With rising temperatures, these cold beverages have become essential for coping with the sweltering heat. Vendors have smartly set up their stalls at high-traffic intersections and marketplaces, catering efficiently to the growing demand. Community Response The community’s struggle with the intense heat has made these affordable refreshment options highly valued, considerably boosting vendor sales throughout the hot summer months.

Business

Residents Seek Relief Under Trees Amid Sargodha Heatwave

SARGODHA — Throughout the intense Sargodha heatwave, residents are discovering innovative ways to stay cool. On June 21, many residents sought refuge under the trees at Company Bagh, relishing the cooler shade as temperatures soared. Searching for Cooler Spots The escalating temperatures have driven locals to public parks throughout the region. These parks serve as a natural refuge for city dwellers aiming to alleviate the oppressive summer conditions. Company Bagh is particularly popular for those seeking a break from the sweltering heat. Challenges of High Temperatures High temperatures consistently challenge residents, disrupting their daily routines. The increasing reliance on natural areas highlights a growing trend towards using green spaces as a cooling method. Health Precautions During Heatwaves Health experts continue to emphasize the importance of staying hydrated and following necessary precautions to guard against heat-related illnesses. Adhering to these recommendations is vital to avoid adverse health effects as the heatwave persists.

Business

Rapid Orchard Conversion Threatens Gardeners’ Livelihoods in Multan

MULTAN — The conversion of mango orchards into residential and commercial areas is rapidly increasing in Multan. This transformation poses serious risks to both the environment and the livelihoods of skilled gardeners. Impact on Multan’s Mango Heritage Multan is renowned for its rich mango heritage, but faces significant urbanization challenges. The development threatens to drastically change its agricultural landscape. The reduction in mango orchards strips local gardeners of their main income source. For years, their expertise in cultivation has upheld Multan’s status as the mango capital of Pakistan. Economic and Ecological Concerns This trend of orchard conversion reflects wider pressures on agricultural regions nationwide. Expanding urban areas increasingly invade traditional farming zones. This expansion threatens economic stability and disrupts ecological balance, raising concerns across the country.

Business

Islamabad Authorities Detain Nine for Illegal LPG Use

ISLAMABAD — The Islamabad district administration is intensifying efforts to curb illegal LPG use in weekly markets. Recently, nine shopkeepers were detained at the H-9 Sunday Bazaar for regulatory violations. Enforcing the LPG Cylinder Ban Local authorities are strictly banning LPG cylinder usage in public market areas. This initiative aims to enhance safety for both vendors and shoppers, prioritizing public welfare. Ensuring Market Safety This crackdown is part of a strategic plan to prevent hazards from improper LPG handling in crowded places. The authorities are committed to stringent safety regulations. Public Safety Commitment By adhering to these regulations, the district administration hopes to ensure a safer environment in Islamabad’s busy public markets.

Business

Modern Livestock Management Key to Boosting Halal Meat Exports

ISLAMABAD — Shahid Imran, Convener of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Committee on Food, emphasized the pivotal role of modern livestock management in boosting Pakistan’s halal meat exports. He advocated for comprehensive reforms across the supply chain in a statement made on Sunday. Key Reforms for Exports Imran pointed out the necessity of advancements in critical areas, including production, cold storage infrastructure, and breeding techniques. Enhancing disease control measures is also essential. Aligning with international certification standards is vital for meeting export market requirements. This modernization will help improve the quality and safety of meat products. Expanding Global Potential Focusing on these strategic improvements, Pakistan seeks to significantly increase its presence in the burgeoning global halal meat market. With growing worldwide demand for halal meat, there are substantial opportunities for trade growth.

Business

Pakistani Publishers Seek Stronger Copyright Ties with China

BEIJING — Pakistani publishers are eager to enhance their copyright cooperation with China to strengthen their relationship in the publishing sector. Current Collaboration and Future Potential China and Pakistan have collaborations across various sectors. Daniyal Salam, Director at Ferozsons (Pvt.) Ltd., notes significant potential for further cooperation, specifically in publishing. Insights from the Beijing International Book Fair During the 32nd Beijing International Book Fair (BIBF), Salam highlighted existing close ties between the two nations. He emphasized the need for more joint efforts in publishing. The fair served as a venue for discussions on potential collaborations, focusing on strengthening copyright mechanisms between Pakistani and Chinese publishers. Broader Cultural and Educational Efforts Enhancing copyright cooperation is part of broader efforts to bolster cultural and educational exchanges. This can foster greater dissemination and appreciation of literature between the nations. These initiatives could help Pakistani publishers establish a stronger foothold in the influential Chinese market.

Business

KP Residents Prioritize Service Delivery Over Budget Speeches

PESHAWAR — The release of the Khyber Pakhtunkhwa budget for 2026-27 has ignited discussions within the bustling markets of Peshawar. Residents, however, are calling for tangible improvements in service delivery rather than mere budget declarations. Public Preference for Service Delivery Zakir Khan, a 55-year-old fruit seller, reflects this common sentiment. While browsing newspaper headlines at Hashtnagri Bazaar, Khan underscored the importance of effective service delivery over promises made in budget speeches. He pointed out that citizens face numerous challenges, placing a higher priority on improved infrastructure and public services than financial allocations on paper. Impactful Government Actions Desired The local populace strongly desires the provincial government to implement concrete actions that positively affect their daily lives. They argue the budget’s success hinges on real-world improvements. Key Areas for Improvement Healthcare Education Transportation Progress in these areas will determine the budget’s true efficacy, shifting focus from its financial framework.

Business

Pakistan Secures $700 Million ADB Loan for Insurance Reform

ISLAMABAD — Pakistan has secured a $700 million policy-based loan from the Asian Development Bank (ADB) to support significant insurance reforms. The agreement was signed in Islamabad by Secretary Economic Affairs Muhammad Humair Karim and ADB Deputy Country Director Hussain Haider. Goals of the ADB Loan The loan is set to bring transformative changes to Pakistan’s insurance sector. These changes involve implementing structural reforms designed to: Promote sectoral growth Increase financial inclusion Improve risk management practices This initiative is anticipated to enhance financial stability, delivering better services to consumers nationwide. Economic and Market Impact Officials emphasize that the program will provide broader economic benefits. It aims to establish effective insurance regulations and foster market development. International Cooperation The partnership between Pakistan and the ADB highlights a strong commitment to enhancing economic sectors via international collaboration and continued support. This cooperation indicates a dedication to promoting economic growth and stability.

Business

ANP Rejects KP Budget, Alleges PTI of Inducing Lawmaker Support

PESHAWAR — The Awami National Party (ANP) has firmly rejected the Khyber Pakhtunkhwa provincial budget for the fiscal year 2026-27. The party accuses the Pakistan Tehreek-e-Insaf (PTI) government of fostering economic, educational, and administrative crises. ANP Criticism of Budget The Bacha Khan Markaz issued a statement where ANP Provincial President Mian Iftikhar Hussain criticized PTI’s budget proposals. He alleged that these proposals aim to secure lawmaker support by promising insincere projects. Concerns Over Governance The ANP’s stance indicates its dissatisfaction with the current provincial administration’s policies. They warn these strategies could jeopardize Khyber Pakhtunkhwa’s development and governance in the future.

Scroll to Top