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 drew attention by selling school bags from a small roadside stall. Sheltering himself with an umbrella, he battled the scorching sun. These vendors demonstrate remarkable resilience and dedication, offering a varied selection of school bags to customers passing by. The Resilience of Street Vendors This scene underscores the determination of street vendors who endure harsh weather conditions to earn their livelihoods. In Lahore’s bustling market, using umbrellas as makeshift sun protection is a common practice, showcasing their resourcefulness. Innovative Business Strategies On the same day, another vendor cleverly offered lemon malt drinks to passersby, providing much-needed relief from the heat. This highlights the inventive strategies traders adopt to attract customers and sustain their businesses during the intense heatwave.

Business

Street Vendors Offer Lemon Drinks Amid Lahore Heatwave

LAHORE — In Lahore, street vendors are experiencing a notable increase in business as the severe heatwave drives residents to find refreshing drinks. Roadside stalls selling lemon malt drinks have become a popular choice to combat the oppressive temperatures. Heatwave Impacts Local Commerce The scorching heat has made these cold beverages essential for enduring the sweltering weather. Vendors strategically set up their stalls at busy intersections and marketplaces, effectively catering to the rising demand. Community Response The community’s struggle with intense heat has increased the value of these affordable refreshments. The hot summer months have seen a significant boost in vendor sales, as people seek relief in these drinks.

Business

Residents Seek Relief Under Trees Amid Sargodha Heatwave

SARGODHA — As the Sargodha heatwave intensifies, residents are finding innovative ways to stay cool. On June 21, many sought refuge in the shade of trees at Company Bagh, enjoying the cooler environment as temperatures rose. Seeking Relief in Public Parks The rising temperatures have led locals to flock to public parks throughout the region. These green spaces offer a natural refuge from the oppressive heat, with Company Bagh being a particularly popular spot for those seeking relief. Impact of High Temperatures Sustained high temperatures challenge residents and disrupt daily routines. Many are increasingly turning to natural areas, underscoring a trend towards green spaces as a preferred cooling method. Health Advice for Heatwave Conditions Health experts stress the importance of staying hydrated and taking precautions against heat-related illnesses. Following these guidelines is crucial to prevent adverse health effects as the heatwave continues.

Business

Rapid Orchard Conversion Threatens Gardeners’ Livelihoods in Multan

MULTAN — The conversion of mango orchards into residential and commercial areas is increasing rapidly in Multan. This transformation poses serious risks to both the environment and the livelihoods of skilled gardeners. Threat to Multan’s Mango Heritage Renowned for its rich mango heritage, Multan now faces significant urbanization challenges. The development threatens to dramatically change its agricultural landscape, endangering its status as the mango capital of Pakistan. The reduction in mango orchards is stripping local gardeners of their main income source. For years, their expertise in mango cultivation has upheld the region’s reputation. Economic and Ecological Concerns The trend of converting orchards into urban real estate reflects broader pressures facing agricultural regions across Pakistan. Expanding urban areas continue to encroach upon traditional farming zones. This expansion not only jeopardizes economic stability but also disrupts the ecological balance, raising alarm nationwide.

Business

Islamabad Authorities Detain Nine for Illegal LPG Use

ISLAMABAD — The Islamabad district administration is taking strong measures to control illegal LPG use in weekly markets. Authorities recently detained nine shopkeepers at the H-9 Sunday Bazaar due to regulatory violations. Enforcing the LPG Cylinder Ban Local authorities are implementing a strict ban on LPG cylinder usage in public market areas. This initiative is designed to enhance safety for both vendors and shoppers, with a focus on protecting public welfare. Ensuring Market Safety This crackdown is a critical component of a strategic plan to prevent hazards associated with the improper handling of LPG in crowded environments. The district administration is dedicated to upholding stringent safety regulations. Public Safety Commitment Through strict adherence to these regulations, the administration aims to provide a safer environment for 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, highlighted the crucial role of modern livestock management in boosting Pakistan’s halal meat exports. He emphasized the need for comprehensive reforms across the supply chain in a statement made on Sunday. Essential Reforms in Livestock Management Imran stressed the importance of advancements in key areas. These include improvements in production processes, enhancement of cold storage infrastructure, and adopting advanced breeding techniques. Enhancing disease control measures is also critical to success. Meeting export market requirements involves aligning with international certification standards. This modernization is essential for improving the quality and safety of meat products. Potential for Global Trade Expansion By focusing on these strategic improvements, Pakistan aims to significantly increase its presence in the expanding global halal meat market. With the rising worldwide demand for halal meat, substantial opportunities exist for trade growth and increased revenue.

Business

Pakistani Publishers Seek Stronger Copyright Ties with China

BEIJING — Pakistani publishers are actively seeking stronger copyright ties with China to enhance their collaboration within the publishing sector. Current Collaboration and Future Potential China and Pakistan collaborate across multiple sectors. There’s significant potential for growth in publishing, according to Daniyal Salam, Director at Ferozsons (Pvt.) Ltd. Insights from the Beijing International Book Fair The 32nd Beijing International Book Fair (BIBF) was instrumental in showcasing the strong ties between the two nations. Salam underscored the necessity for increased joint efforts in publishing. The fair became a platform for discussing potential collaborations, particularly in strengthening copyright mechanisms between Pakistani and Chinese publishers. Broader Cultural and Educational Efforts Strengthening copyright cooperation is part of a larger mission to bolster cultural and educational exchanges. This initiative aims to promote literature dissemination and appreciation between the countries. These efforts could assist Pakistani publishers in securing a significant presence within 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 sparked conversations across the bustling markets of Peshawar. Residents are emphasizing the need for tangible improvements in service delivery rather than just budget declarations. Demand for Effective Service Delivery Zakir Khan, a 55-year-old fruit seller, captures this common view. Browsing through headlines at Hashtnagri Bazaar, Khan stressed that effective service delivery is more important than promises in budget speeches. He noted that citizens face several challenges, prioritizing improved infrastructure and public services over financial allocations on paper. Need for Concrete Government Actions Local residents are urging the provincial government to implement actions that have a positive impact on their daily lives. They argue that the budget’s success should be measured by real-world improvements. Key Areas for Development Priority Sectors Healthcare Education Transportation Advancements in these sectors will reveal the budget’s true effectiveness, moving the focus away from its financial narrative.

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) aimed at supporting significant insurance reforms. The agreement was signed in Islamabad by Secretary Economic Affairs Muhammad Humair Karim and ADB Deputy Country Director Hussain Haider. Transformative Insurance Sector Reforms The loan is geared towards bringing transformative changes to Pakistan’s insurance sector. Key structural reforms are designed to: Promote sectoral growth Increase financial inclusion Improve risk management practices This initiative is expected to enhance financial stability and deliver better services to consumers across the country. Broader Economic Impact Officials highlight that the program will have broader economic benefits. It aims to establish effective insurance regulations and foster overall market development. Commitment to International Cooperation This partnership between Pakistan and the ADB underscores a strong commitment to enhancing economic sectors through international collaboration and continuous support. It signifies a dedication to promoting economic growth and stability.

Business

Gold Prices Drop by Rs43 per Tola

ISLAMABAD — On Saturday, the local gold market experienced a slight decline, with 24-karat gold per tola dropping by Rs43. According to the All Pakistan Sarafa Gems and Jewellers Association, the new rate is Rs437,993. Global Market Fluctuations Influence The decline in gold prices is attributed to routine market fluctuations. These shifts reflect global trends affecting local conditions. The association frequently updates pricing to keep the public informed about value changes. Impact on Investment Decisions Both investors and consumers closely monitor gold price changes. Gold remains a favored safe-haven asset, especially during economic instability. Understanding these trends is crucial for investors making informed decisions in a volatile economy.

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