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.

Pakistan joins worldwide dialogue at US Soybean Export Council’s Soy Connext 2025
Business

Pakistan joins worldwide dialogue at US Soybean Export Council’s Soy Connext 2025

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A Pakistani delegation participated in Soy Connext 2025 in Washington, DC, to explore the role of US soy in advancing food security, nutrition, and economic growth. Leadership Convenes at Soy Connext 2025 The event, held in mid-August in Washington, DC, emphasized the critical role of soybeans in global food security. Organized by the United States Soybean Export Council, the conference attracted over 700 participants from 59 nations. Attendees considered soy’s potential to support the growing global population. Trade groups from 34 countries, including Pakistan, Bangladesh, Sri Lanka, and Nepal, explored US farms and ports, witnessing innovations that affirm US soy as a dependable global supplier. Economic Contributions of the US Soybean Industry The US soybean industry has a significant economic impact. In 2024, it contributed $31.2 billion and reached over 80 countries. This year, global use is expected to reach 346 million metric tonnes, demonstrating soy’s vital role in the poultry, dairy, and aquaculture sectors worldwide. US soybeans consistently provide a sustainable global food and energy source. Advancing Pakistan-US Agricultural Trade A delegation from the All-Pakistan Solvent Extractors’ Association engaged with US farmers and suppliers to enhance bilateral trade opportunities. This effort strengthens agricultural trade relations between Pakistan and the US. Importance of Soybean Meal in Pakistan Soybean meal, a key component of poultry feed, is essential in Pakistan, where poultry represents nearly half of the meat consumption. With over 250 million people, more than 60% of whom are young, demand for nutritious, affordable food continues to grow. Imports of soybean meal are crucial for improving food security and fostering a healthier future. Benefits of US Soybean Trade with Pakistan Reliable high-quality protein supply for food security Affordable resources for Pakistan’s expanding poultry sector Support for the nutritional needs of over 250 million people Enhanced trade relations with the United States Recognition of Pakistani Expertise During the event, Dr. Rai M. Sajid of Jadeed Group was honored internationally as the STAR Award Winner for the USSEC’s Soy Excellence Center program. This initiative prepares emerging market experts in aquaculture, poultry, and feed milling, evident in markets like Pakistan. Soy Connext showcases the widespread benefits of global partnerships, offering Pakistan opportunities to invest in people and industries while unlocking growth potential.

Nepal prime minister resigns after lethal protests
Business

Nepal prime minister resigns after lethal protests

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Nepal’s Prime Minister KP Sharma Oli has resigned following protests that resulted in 19 deaths and widespread unrest. The situation underscores frustration with ongoing political instability and slow economic growth impacting Nepal’s 30 million citizens. Prime Minister Steps Down Amid Crisis KP Sharma Oli tendered his resignation in a letter to the president, stating, “I have resigned from the post of Prime Minister with effect from today so that you can take further steps towards a political solution and resolution of the problems.” The 73-year-old leader, in his fourth term since last year, headed a coalition government of his Communist Party and the center-left Nepali Congress. His resignation marks another chapter in Nepal’s enduring political turbulence. Deadly Protests Over Social Media Ban Protests erupted as citizens demanded the lifting of a social media ban and the addressing of widespread corruption. Although the ban was eventually lifted, demonstrations intensified, leading to the deaths of at least 19 individuals. Amnesty International reported the government’s use of live ammunition against protesters, raising significant human rights concerns. Nepal Economic Crisis Fuels Unrest Public discontent has intensified due to political and economic instability. These economic challenges significantly contribute to frustration with government performance. Key Economic Indicators The GDP per capita is $1,447, according to the World Bank. The unemployment rate is approximately 10%. Individuals aged 15-40 make up nearly 43% of the population, according to government data. Youth face limited economic opportunities and stagnant growth. Political Instability Since 2008 In 2008, Nepal transitioned to a federal republic following a civil war and a peace agreement that integrated Maoists into the government and dismantled the monarchy. Despite these changes, the country has faced chronic political instability, with a succession of aging leaders and political maneuvering, reinforcing perceptions of a disconnected government. Since Friday, TikTok has been flooded with videos showcasing politicians’ children exhibiting luxury, amidst the daily struggles of ordinary Nepalis. These videos have intensified public anger over economic disparities and governmental disconnect. Published by NENAgency — delivering reliable news and informed perspectives

Apple Might Have Good News On Iphone 17
Business

Apple Might Have Good News on iPhone 17 Pricing

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Cupertino, California – Apple’s iPhone launches often captivate tech enthusiasts, igniting debates over pricing. Traditionally, iPhone prices have climbed due to supply chain challenges, tech advancements, and global inflation. However, insiders suggest the upcoming iPhone 17 in 2025 might reverse this trend with more competitive pricing. Potential Price Relief for iPhone 17 Reports from the tech community indicate Apple might hold or lower the price for the iPhone 17 models. Although Cupertino hasn’t confirmed this, supply chain insights and analyst forecasts suggest potential price cuts for consumers. An Asian supply analyst tracking Apple’s orders notes production efficiencies and cheaper materials are creating a pricing “cushion,” possibly leading Apple to reassess its premium pricing strategy. According to Bloomberg, Apple acknowledges growing consumer fatigue from soaring flagship iPhone prices, which have recently neared $1,500. Strategic Factors in Pricing Shift Global Competition Intensifies The smartphone market is fiercely competitive, with brands like Samsung, Google, and various Chinese companies offering high-end devices at competitive prices, challenging Apple’s market share. While Apple holds a strong presence in the U.S. and Europe, it risks alienating consumers in emerging markets. Growth in regions such as India and Southeast Asia will influence its future revenue and positioning. Competitive pricing is essential for expanding market share in these areas. Impact of Declining Upgrade Cycles Global smartphone sales have slowed, with consumers keeping their phones for three to four years, impacting revenue projections. Maintaining or reducing prices could encourage more frequent consumer upgrades, boosting hardware revenue and sustaining market momentum amid economic challenges. Advantages of Supply Chain Investments Apple’s significant supply chain investments include relocating chip production to the U.S., reducing logistics costs, and acquiring display technology from partners in Japan and Taiwan. These strategic initiatives provide cost advantages not available during the iPhone 14 and 15 eras, enabling more flexible pricing strategies. Implications for Consumers and Market Growth Should Apple adopt a restrained pricing strategy, the iPhone 17 might avoid major price hikes, a first in years. The base model could remain under $1,000, attracting cost-conscious consumers. The Pro and Pro Max models are expected to remain stable, a welcome development in markets facing inflation and currency pressures. This strategy could enhance Apple’s influence in price-sensitive regions currently dominated by competitors like Xiaomi and OnePlus.

Google ordered to pay $425M in privacy lawsuit, Privacy Lawsuit, nenagency
Business

Big Tech on Trial: Jury Slaps Google With $425M Payout

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A federal jury in San Francisco has ruled that Google (Alphabet Inc.) must pay $425 million for infringing on user privacy rights. The company was accused of collecting user data even when the Web & App Activity tracking feature was disabled in user accounts. Claims of Privacy Violations Initiated in July 2020, the lawsuit charged Google with covertly gathering information through apps like Uber, Venmo, and Instagram. This allegedly occurred without users’ consent when tracking was turned off. Plaintiffs argued this practice misled millions, breaching Google’s privacy commitments. The jury found Google liable in two out of three privacy violation charges, though no malicious intent was found, resulting in no punitive damages. Initially, claims exceeded $31 billion. Google’s Response and Planned Appeal Google intends to appeal. Spokesperson Jose Castaneda stated the ruling misinterprets Google products’ functionality. He stressed that Google’s privacy tools let users control their data, affirming that user preferences are respected when personalization is disabled. Attorney David Boies, representing consumers, hailed the verdict as a victory for privacy rights. Scope and Financial Impact of the Class Action U.S. District Judge Richard Seeborg noted the class action affected 98 million users and 174 million devices across the nation. Google claimed the data was pseudonymous and encrypted, disconnected from personal identities. Despite this, the jury sided with the plaintiffs. The $425 million penalty is a significant financial blow, highlighting the legal risks of corporate privacy violations. Continuing Privacy Challenges for Google Google faces ongoing legal challenges over privacy issues, including: Paying nearly $1.4 billion to Texas in early 2024 for state privacy law violations An April 2024 settlement requiring the deletion of billions of private browsing records Allegations of tracking users in Incognito mode despite privacy assurances Implications for Tech Data Privacy The ruling underscores growing scrutiny on tech companies’ data privacy practices. Both regulators and consumers demand accountability from tech giants. Organizations like nenagency are monitoring corporate data practices. This case emphasizes the growing importance of trust and transparency in corporate governance within tech industries. The verdict could set a precedent for future privacy lawsuits, signaling that courts are prepared to hold dominant tech firms accountable for misleading privacy practices.

Cryptocurrencies
Business, Finance, Market, Markets

Pakistan State Bank to Allow Cryptocurrencies | Limited Option

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ISLAMABAD – The State Bank of Pakistan (SBP) has announced a landmark shift, allowing limited cryptocurrency trading with strict regulatory controls. Controlled Market Access In 2018, the SBP banned all cryptocurrency transactions, prohibiting banks from facilitating such activities due to concerns about money laundering and market volatility. Nonetheless, citizens continued to engage in crypto trading through peer-to-peer platforms and international exchanges. The SBP now aims to regulate these informal transactions by implementing strict volume controls and mandatory user verifications. Economic Pressures and Policy Shift Several economic factors have contributed to this policy shift, including rising inflation, currency depreciation, and declining foreign reserves that strain traditional financial systems. Remittances, which contribute billions annually, stand to benefit from cryptocurrency’s faster and cheaper cross-border transfers. A young, tech-savvy population and a burgeoning IT sector increase the demand for digital financial services in Pakistan. The new regulatory framework aims to cater to this demographic while enforcing necessary safeguards. Regulatory Framework Features Although still under development, preliminary guidelines outline significant restrictions on cryptocurrency trading: Monthly transaction limits range from $100 to $500 per person Mandatory Know Your Customer (KYC) verification with CNIC and bank account linkage Trading is limited to SBP-approved cryptocurrency exchanges All transactions must be routed through registered local banks for monitoring Comprehensive transaction reporting requirements for compliance These measures aim to balance market access while maintaining financial security and oversight. Pros and Cons of Regulated Trading Regulated cryptocurrency access could enhance financial inclusion for unbanked populations and reduce dependence on informal hawala systems, boosting Pakistan’s fintech sector. Formalizing crypto transactions aids tax compliance, increases revenue collection, and offers consumer protections absent in unregulated trading. Integrating crypto into the banking system helps monitor capital flows, aligning with SBP’s objectives. Investor Risks and Challenges Cryptocurrency markets carry volatility risks, with price fluctuations that may lead to substantial losses for inexperienced investors. Even with regulatory structures, fraud risks, tax evasion, and cybersecurity threats persist, justifying the State Bank’s cautious approach. The banking sector requires significant investment in technology infrastructure to enable secure crypto transactions, necessitating capital and staff training. Future Prospects for Digital Currency This regulatory framework serves as a controlled pilot for the Pakistani market. Successful implementation could raise transaction limits, expand cryptocurrency options, and increase market participation. The State Bank will closely track developments to ensure a smooth evolution of regulations.

ducky bhai, famous pakistani youtuber , NCCIA
Business

Famous Pakistani YouTuber Ducky Bhai will remain in NCCIA custody until September 3

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The National Cyber Crime Investigation Agency (NCCIA) will keep YouTuber Saadur Rehman, known as Ducky Bhai, in custody for two more days. A Lahore court magistrate extended his detention until September 3, amid investigations into illegal gambling app promotions. Legal Charges and Detention Ducky Bhai faces charges under Pakistani law, including the Prevention of Electronic Crimes Act, 2016, and the Pakistan Penal Code. The charges are: Section 13 – Electronic Forgery Section 14 – Electronic Fraud Section 25 – Spamming Section 26 – Spoofing Section 294 B – Offering prize linked to trade Section 420 – Cheating and dishonestly inducing property delivery He was arrested at Lahore’s Allama Iqbal International Airport, suspected of using his YouTube channel to promote these apps. Investigation and Allegations The investigation began on June 13, triggered by credible sources. It revealed social media influencers were endorsing gambling and betting apps for profit. The First Information Report (FIR) details public financial losses due to these apps, specifically accusing Ducky Bhai of promoting them on his platform. Apps Under Scrutiny The apps allegedly promoted include: 1xBet Bet 365 B9 Game Binomo Authorities suspect he might have acted as a country manager for one or more apps. Forensic Evidence and Court Proceedings Ducky Bhai’s initial four-day remand ended before Monday’s hearing in Magistrate Muhammad Naeem Wattoo’s court. An extension was sought based on forensic evidence. Prosecutors presented confiscated electronic device data showing gambling app discussions. Evidence of international transactions supported the remand extension request. Defense and Court Ruling Advocate Chaudhry Usman Ali, defending Ducky Bhai, contested the remand extension, asserting that transaction data could be collected without his detention. The defense argued there was no conclusive evidence linking Ducky Bhai to user losses on Binomo or other apps. However, the judge granted a two-day custody extension, directing NCCIA to complete the investigation while authorities analyze digital evidence and financial transactions.

Business

Islamabad, August 31, 2025, 01:51 PM PKT – PM’s Youth Loan Scheme Targets Rs. 350B Disbursement by 2026

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The Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS) plans to disburse Rs. 350 billion by 2026. Building on past successes, it has already supported 434,448 young entrepreneurs with Rs. 251.25 billion. Chairman Rana Mashhood Ahmed Khan announced this milestone on August 31, 2025, marking a significant investment in Pakistan’s entrepreneurial ecosystem and economic development. Expansion Plans for Youth Entrepreneurs During a discussion with NEN, Khan outlined the scheme’s future trajectory. The initiative aims to support an additional 600,000 youths by the following year. It emphasizes inclusivity by reserving 33% of loans for female entrepreneurs to ensure equitable access to business financing. Banking Partnerships and Infrastructure Strengthening To achieve these ambitious goals, the program has introduced 50 new training centers nationwide. These centers offer crucial support and guidance to loan applicants throughout the application process. Currently, 15 banks manage approximately 10,000 loan applications monthly, focusing on key sectors: Small and medium enterprises (SMEs) Agricultural businesses Punjab Leads in Loan Distribution Punjab province has emerged as the largest beneficiary, receiving 40% of the loan disbursements. This reflects its population density and vibrant entrepreneurial activity. Economic Impact and Job Creation The initiative has generated substantial economic benefits by creating 1.2 million jobs nationwide. It supports high-growth sectors, such as IT startups and agribusiness ventures. Demand for Faster Loan Processing The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has advocated for quicker loan processing to meet growing demand. “This fuels our economy,” noted an entrepreneur who benefited from the scheme, highlighting its significant impact on grassroots business development across Pakistan.

Business

Islamabad, August 31, 2025, 01:55 PM PKT – Zardari Urges SCO to Boost Regional Trade at Summit Prep

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President Asif Ali Zardari has urged for enhanced cooperation within the Shanghai Cooperation Organization (SCO) to boost regional trade and tackle shared challenges. He made this statement at a preparatory meeting for the upcoming SCO Summit on August 31, 2025. Economic Connectivity Drives Regional Growth Strategy The President highlighted the importance of the SCO platform in promoting economic connectivity among member states. He stressed the need to address climate change and security threats collaboratively. “SCO can transform our region’s economic landscape,” Zardari told NEN. By focusing on trade integration, member nations can discover new market opportunities, enhancing cross-border investment and commercial growth. CPEC’s Strategic Role in Trade Expansion Zardari emphasized Pakistan’s pivotal role in advancing the China-Pakistan Economic Corridor (CPEC) within the SCO framework. This initiative connects Central Asian markets via the Gwadar port, forming a crucial trade corridor for regional commerce and economic integration. Economic Targets for Regional Integration The government has set ambitious economic targets for regional integration: $3 billion in trade deals targeted for 2026 Improved connectivity between Central Asia and regional markets Development of Gwadar port as a major trade hub Summit Agreements Focus on Trade Facilitation Preparations for the Tianjin summit have concluded, with officials confirming that 10 agreements are ready for signing. These agreements will focus on trade facilitation and economic cooperation among SCO member states. The Foreign Office highlighted Pakistan’s initiative for an SCO climate fund to assist vulnerable nations, showing the country’s commitment to confronting environmental challenges through regional cooperation frameworks. Regional Diplomats Support Connectivity Vision Regional diplomats in Islamabad supported Zardari’s vision for unity and economic integration. “Connectivity is our future,” stated an envoy at the meeting, emphasizing the growing consensus on regional economic priorities. Stay updated at nenagency.com.

Business

Lahore, August 30, 2025, 12:15 AM PKT – NHA Chairman Orders Accelerated Flood-Damaged Road Repairs

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National Highway Authority (NHA) Chairman Shehryar Sultan has ordered rapid repairs for flood-damaged roads across Punjab. After detailed inspections on August 29, 2025, the target is to restore full connectivity by mid-September. This plan involves significant infrastructure investment. Infrastructure Assessment Chairman Sultan inspected crucial areas, such as the Eastern Bypass Lahore Ravi Bridge and Chand Bridge in Jhang, during his tour. These vital junctions suffered severe flood damage, disrupting major trade routes. “We are mobilizing all resources for swift restoration,” Sultan told NEN. The evaluation highlighted extensive damage needing immediate action to restore economic connectivity. Highway Rehabilitation Scale The rehabilitation project covers over 150 kilometers of national highways affected by flooding. The N-5 highway, Pakistan’s main trade artery, is prioritized for immediate repairs. The NHA has deployed 200 engineers, making this one of the most extensive emergency infrastructure responses in recent years. This emphasizes the significant investment required for complete restoration. Investment and Resource Allocation The National Highway Authority has allocated Rs. 800 million to flood road repairs. This funding underscores the government’s commitment to restoring essential infrastructure that supports regional trade and economic growth. Heavy machinery is stationed at important locations like Multan and Sialkot. Key resource allocations include: 200 specialized engineers in affected zones Heavy machinery stationed in Multan and Sialkot Rs. 800 million emergency repair budget Coordination teams working with PDMA Recovery Progress on Trade Routes In partnership with the Provincial Disaster Management Authority (PDMA), the NHA has cleared 15 critical blockages since August 27. This effort has partially restored access to isolated communities, facilitating the resumption of trade activities. Local communities praised the quick response, urging authorities to implement permanent flood defense systems. “Connectivity is vital for recovery,” one resident noted, highlighting the economic impact of disrupted infrastructure. Stay updated at nenagency.

Business, International

Rawalpindi, August 29, 2025, 03:11 AM PKT – RCCI Delegation Prepares for Bangladesh Trade Summit

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The Rawalpindi Chamber of Commerce and Industry (RCCI) has finalized plans for an exporters’ delegation to Bangladesh. This announcement came on August 28, 2025, following discussions with Federal Minister for Commerce, Jam Kamal Khan. Trade Delegation Departs for Dhaka A trade mission will leave for Dhaka with 30 business leaders on September 5, 2025. The mission aims to boost Pakistan-Bangladesh trade beyond the $1 billion mark. RCCI President Usman Shaukat emphasized the significance of pharmaceuticals and textiles. Delegates will attend a key business summit in Dhaka to forge new partnerships. Key Focus Areas for Trade Enhancement The trade mission focuses on strengthening trade relations between Pakistan and Bangladesh by: Establishing B2B linkages between companies of both nations Exploring joint ventures in pharmaceuticals and textiles Identifying non-traditional export sectors Creating market entry strategies for Pakistani exports Approximately 10 Memorandums of Understanding (MoUs) are anticipated during the summit, following recent bilateral discussions. Leadership in Pharmaceutical and Textile Exports Commerce Minister Jam Kamal Khan assured full government support for the mission. He highlighted Bangladesh’s growing demand for Pakistani products, especially in pharmaceuticals and textiles. The delegation will include 12 pharmaceutical companies, underscoring Pakistan’s strengths. A chamber official remarked, “This is a breakthrough for trade.” The mission aims to uncover new export opportunities and strengthen economic ties through sustainable business collaborations. Stay updated at nenagency.

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