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

PESCO Completes Five-Day Project Management Training

PESHAWAR — A successful five-day project management training program for PESCO employees has recently concluded. This initiative aimed at enhancing the professional capabilities of the company’s workforce. Training Program Overview Organized by the Human Resource Development Center (HRDC) at the Institute of Management Sciences (IMSciences), the program underscored PESCO’s dedication to improving employee skills. The training focused on essential components of project management, including: Planning Execution Monitoring Evaluation Interactive Learning and Exercises Participants engaged in interactive sessions, case studies, and practical exercises. These activities provided valuable insights into contemporary project management practices, aiming to boost organizational performance and ensure effective project delivery. Future Training Initiatives Guided by the vision of Chairman Himyatullah Khan and CEO Akhtar Hamid Khan, PESCO plans to implement additional specialized training initiatives in the coming months. Siab Ahmed, Director General Human Resources, highlighted the importance of these programs in promoting employee development and supporting organizational growth.

Business

Climate Ministry Receives Rs2.48 Billion for Environmental Projects

ISLAMABAD — The Ministry of Climate Change and Environmental Coordination has secured Rs2.478 billion from the Public Sector Development Programme for the fiscal year 2026-27. Major Environmental Projects The allocated funds are earmarked for crucial projects, including: Afforestation efforts Urban resilience initiatives Climate adaptation strategies These projects signify a major step forward in tackling environmental challenges. Goals of Government Investment This financial investment aims to enhance Pakistan’s ability to mitigate the growing impacts of climate change. By focusing on critical areas, the Ministry aims to foster sustainable development across the nation. The initiatives are part of a comprehensive government effort to build a resilient and adaptable future for Pakistan, ensuring effective management of environmental issues on a national scale.

Business

Qadir Gillani Advocates Direct Subsidy for Farmers

ISLAMABAD — Syed Abdul Qadir Gillani, a lawmaker from the Pakistan Peoples Party Parliamentarians (PPPP), proposed implementing a direct subsidy system for farmers. This suggestion came during a budget debate on Sunday. Gillani emphasized the need for transparent distribution of subsidised fertiliser and diesel to support farmers effectively. Proposed Subsidy Model Gillani suggested a model similar to the Benazir Income Support Programme. He explained that this approach would ensure subsidies reach farmers directly. This direct method would bypass administrative hurdles and provide efficient relief to the agricultural community. Impact on Pakistan’s Economy This proposal aims to deliver significant assistance to the agricultural sector, an essential part of Pakistan’s economy. By directly supporting farmers, the initiative seeks to enhance their productivity and support overall sector growth. Overcoming Current Inefficiencies During the debate, Gillani highlighted the inefficiencies in the existing subsidy distribution process. The proposed system is designed to streamline the delivery of financial support to the agricultural industry, thereby improving efficiency. This new strategy addresses the current challenges faced by farmers and offers a clear pathway to support economic development.

Business

Elderly Laborer Endures Heat in Bustling Market

ISLAMABAD — An elderly laborer navigates the heart of Islamabad’s bustling wholesale market, carrying a heavy basket filled with wooden crates. Despite the oppressive summer heat, he continues working to earn a living. Enduring the Summer Heat This laborer showcases extraordinary resilience as he braves soaring temperatures. His determination mirrors that of countless others in similar jobs, working under harsh conditions to support their families. Challenges in a Bustling Market Daily struggles through the crowded market highlight significant challenges faced by laborers nationwide. During peak summer months, temperatures rise sharply, yet their work remains relentless. Impacts on Workers Worker Resilience These workers persist in extreme heat, demonstrating remarkable endurance. Economic Hardships Summer months bring economic hardships, as laborers face growing challenges in earning a stable income. Health and Well-being Working in high temperatures poses serious health risks, affecting laborers’ overall well-being.

Business

Climate Ministry Receives Rs2.48bn for Afforestation, Urban Projects

ISLAMABAD — The Ministry of Climate Change and Environmental Coordination has received Rs2.48 billion from the Public Sector Development Programme for 2026-27. This funding will support afforestation, urban resilience, and climate adaptation efforts to combat Pakistan’s environmental challenges. Major Projects and Funding Allocation Official documents indicate that this budget will focus on four significant projects. These initiatives aim to enhance Pakistan’s capability to manage environmental issues by: Building robust infrastructure Launching new ecosystem restoration efforts Focus on Government’s Sustainable Strategy The projects are a crucial part of the government’s strategy to promote sustainable practices nationwide. Key components of this strategy include: Strengthening urban resilience Addressing the impacts of climate change This initiative underscores Pakistan’s commitment to environmental sustainability, integrating ecological considerations into national policy and planning.

Business

Traders Showcase Seasonal Melons at Multan Fruit Market

MULTAN — In Multan, traders are showcasing a remarkable variety of seasonal melons at the bustling local wholesale fruit market. This vibrant summer fruit display stimulates significant buying and selling activities throughout the region. Vibrant Wholesale Markets The wholesale markets in Multan are bustling with activity, as traders and customers eagerly capitalize on the seasonal bounty. This period is crucial for farmers and distributors because melons significantly support the local economy. Sustaining Local Economy Melons serve as a key agricultural product in the region, offering substantial benefits to local markets. The dynamic trade activity fulfills local demand while also distributing produce to other parts of the country. This lively market scene exemplifies Multan’s thriving agricultural industry, underpinned by fertile lands and expert farming techniques.

Business

Shepherds Guide Sheep Across Chenab River Bridge

MULTAN — Shepherds recently guided a herd of sheep across the Chenab River Bridge, marking a routine journey through southern Punjab essential for pastoral activities. Significance of the Chenab River Bridge The Chenab River Bridge is a critical link for shepherds moving livestock. It provides a necessary crossing over the Chenab River, vital to the region’s agricultural and pastoral economy. Boosting the Pastoral Economy Preserving this route is crucial to the local economy, ensuring uninterrupted pastoral practices. The livestock movement over the bridge supports economic activities related to agriculture and pastoralism. Enhanced Infrastructure and Safety Measures Local authorities have implemented safety and accessibility measures for the bridge infrastructure. These efforts support the livelihoods of those depending on pastoral activities, ensuring secure livestock movement across the region.

Business

Woman Shops for Used Handbags at Karachi’s Empress Market

KARACHI — At the historic Empress Market, a lively commercial hub in Karachi, a woman browses through a selection of used handbags. Renowned for its diverse range of products, the market attracts those seeking unique or budget-friendly finds. A Historic Trading Center Located in the bustling Saddar area, Empress Market stands as one of Karachi’s most prominent trading centers and cultural landmarks. Since the British colonial era, it has served the community’s daily shopping needs and remains a key location for locals. Economic Role and Challenges Bargain hunters frequent the market, highlighting its ongoing role in providing affordable shopping options for Karachi’s residents. This is especially significant amid the economic challenges that many consumers are currently facing.

Business

Injured Elderly Man Rides Bicycle to Sell Tin Cans

LAHORE — On Hall Road, an elderly man with his arm in a plaster cast was seen riding a bicycle to sell tin cans, demonstrating remarkable perseverance in his daily livelihood despite his injury. Resilience in the Informal Economy This determination highlights the significant role of the informal economy. Many individuals rely on manual labor and small-scale trading to meet daily income requirements. Scenes on Hall Road illustrate the hardships of many who face similar conditions. The drive to work despite physical limitations is common in this sector. Necessity for Enhanced Social Support The situation emphasizes the urgent need for improved social support systems to assist vulnerable individuals. Providing financial assistance to those striving against challenges is crucial for economic growth and stability.

Business

Islamabad Private Schools Enroll 4,000 Out-of-School Children

ISLAMABAD — The Ministry of Federal Education and Professional Training has successfully enrolled over 4,000 out-of-school children into private schools across Islamabad. This endeavor is part of a Corporate Social Responsibility (CSR) initiative under the ‘No Child Left Behind’ campaign, which aims at fostering educational inclusion. Survey and Findings A comprehensive survey was conducted during a progress review meeting at the PEIRA Headquarters. Chaired by Chairman PEIRA, Dr. Ghulam Ali Mallah, the survey covered about 80,000 households in rural Union Councils of Islamabad. It identified over 24,000 children aged 5 to 16 years who were not attending school. These children have been referred to the Federal Directorate of Education (FDE) and PEIRA for school placement. Role of Private Schools Dr. Ghulam Ali Mallah commended private schools for their active participation in this national mission. Over 4,000 children were enrolled at no cost, demonstrating the crucial role of private schools in addressing educational disparities. He emphasized their commitment to social responsibility and educational equity. Additionally, the importance of providing free textbooks and learning materials to the enrolled children was highlighted to support their ongoing education. Collaborative Effort The initiative is reinforced by collaboration with key campaign partners, which include: National Commission for Human Development (NCHD) Basic Education Community Schools (BECS) National Education Foundation (NEF) Federal Directorate of Education (FDE) Japan International Cooperation Agency (JICA) Various international NGOs These organizations have joined forces to ensure universal access to education, aligning with the government’s educational directives.

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