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

Islamabad, August 29, 2025, 02:23 AM PKT – Finance Minister, FPCCI Finalize Industrial Policy Incentives

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Finance Minister Muhammad Aurangzeb and FPCCI President Atif Ikram Sheikh have finalized a comprehensive package of tax and energy incentives under Pakistan’s new industrial policy. These incentives were developed in consultation with Special Assistant to the Prime Minister Haroon Akhtar Khan and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on August 28, 2025. The measures aim to expand the manufacturing sector and enhance export competitiveness. Aurangzeb expressed confidence, stating, “These measures will fuel industrial growth and job creation.” Tax Incentives to Boost Manufacturing The policy framework introduces strategic financial incentives to stimulate industrial activity and economic growth. Major incentives include: A 15% tax break for small and medium enterprises (SMEs) Reduced power tariffs for export-oriented manufacturing units Creation of 300,000 new jobs by 2028 Formation of eight specialized sub-committees for policy implementation The FPCCI will provide ongoing feedback to ensure that reforms align with business needs and effectively meet market conditions. Energy Solutions for Export Competitiveness High energy costs have hindered industrial competitiveness in Pakistan. The new policy addresses this by lowering operational expenses through innovative solutions. A pilot program for solar-powered industrial zones is planned for Punjab by 2026. This initiative aims to reduce operational costs and improve export competitiveness in regional markets. Additionally, reduced power tariffs for export-oriented units are expected to strengthen Pakistan’s global trade position. Economic Impact and Implementation FPCCI President Sheikh emphasized the importance of rapid execution to improve Pakistan’s competitive edge in regional and global markets. “This is a win for the economy,” Sheikh remarked, predicting that the policy will drive revenue growth and attract investment, enhancing the manufacturing sector. The policy combines tax relief, energy reforms, and job creation targets to establish Pakistan as a competitive manufacturing hub. Implementation will start immediately, overseen by the FPCCI and government committees. Stay updated at nenagency.

Business, Economy

PKR Gains Marginally as SBP Monitors Forex Market Trends

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Karachi, August 28, 2025, 04:17 PM PKT – The Pakistani Rupee (PKR) recorded a 0.2% gain against major currencies today. The State Bank of Pakistan (SBP) has intensified its monitoring efforts on forex market trends to ensure currency stability. Forex Market Stability and Exchange Rates The Financial Markets Association’s bulletin, issued on August 28, highlighted competitive trading rates. Pakistan’s forex market showed reduced volatility in key currency pairs: USD at PKR 283.61 GBP at PKR 381.69 EUR at PKR 329.68 JPY at PKR 1.9150 In the open market, the USD traded at PKR 283.80, closely aligning with interbank rates. This reflects improved price stability and reduced speculative pressure. SBP Efforts to Limit Speculation Zafar Paracha, an official from the State Bank of Pakistan, stated, “We’re closely tracking market dynamics to ensure stability.” The PKR’s slight appreciation is linked to SBP’s efforts to curb speculative trading. Exporters report smoother transactions, enhancing trade confidence. With enhanced forex stability, businesses can plan international transactions more reliably, significantly lowering currency risks for both importers and exporters. Digital Forex Monitoring Platform Launch The SBP plans to launch a dedicated forex monitoring app on October 1, 2025. This platform aims to increase transparency for businesses and individuals involved in foreign exchange and remittances. In July 2025, Pakistan’s remittances reached $2.8 billion, underscoring the importance of transparent forex operations for the national economy. This substantial inflow supports the country’s foreign exchange reserves and strengthens the rupee against major currencies. Positive Reception by the Business Community The Karachi Chamber of Commerce has praised the current forex market stability. Representatives urge policymakers to maintain economic policies that bolster currency stability and promote trade growth. A currency trader noted, “This strengthens our economy,” reflecting positive market sentiment. Market participants anticipate continued stability with the current monitoring measures in place.

Business

Sargodha Flood Relief Intensifies as Chenab Flood Wave Peaks

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Sargodha, August 28, 2025, 11:13 AM PKT – The Sargodha district administration has intensified relief efforts as a massive flood wave of 1 million cusecs surges through the River Chenab at Kot Momin. At Qadirabad, a maximum flow of 1,017,000 cusecs was recorded, initiating widespread emergency responses. Mass Evacuations and Emergency Aid Over 3,500 residents and 2,000 livestock have been evacuated due to rising floodwaters. Deputy Commissioner Muhammad Wasim confirmed, “We’re ensuring no loss of life with comprehensive relief measures.” Relief camps provide essential food and medical aid to displaced families. The Pakistan Army supports operations across 12 flood-affected villages near Kot Momin, conducting rescue and relief efforts around the clock. Flood Monitoring and Forecasts While floodwaters are expected to recede by August 30, officials remain vigilant. The Provincial Disaster Management Authority (PDMA) reported medium flood levels at Marala and Khanki, urging locals to comply with safety alerts and evacuation orders. Region-wide monitoring stations track water flow patterns to enhance safety measures. Economic Impact on Agriculture Local farmers are experiencing major crop losses as floods severely impact the agricultural sector, submerging cultivated areas. Authorities plan a thorough damage assessment in September to evaluate the economic impact on agriculture and determine necessary compensation. “We’re committed to recovery,” stated DPO Sohaib Ashraf, highlighting ongoing community support. The economic effects of the flood extend beyond immediate aid, posing long-term challenges to agricultural revenue. Stay updated at nenagency.

Business

SBP Adjusts Forex Policies to Stabilize PKR Amid Rate Fluctuations

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Karachi, August 28, 2025, 11:04 AM PKT – The State Bank of Pakistan (SBP) has introduced new foreign exchange policies aimed at stabilizing the Pakistani Rupee (PKR). These measures address fluctuations in the currency market and are designed to boost investor confidence while bridging the gap between official and open market exchange rates. SBP’s Forex Policies for Stability The central bank’s decision comes after a Financial Markets Association bulletin on August 27, which detailed exchange rates for the September 29 settlement. Key rates announced include: USD at PKR 281.80 GBP at PKR 378.91 EUR at PKR 326.86 JPY at PKR 1.9060 SBP Governor Jameel Ahmad stated, “These measures will enhance market confidence and curb volatility.” Targeted Interventions Against Fluctuations The revised forex policies include targeted interventions to manage currency fluctuations: Stricter controls on speculative trading activities Increased reserve requirements for importers Daily monitoring of exchange rates Implementation of digital tools for real-time rate tracking by September 15 These adjustments mark the central bank’s most comprehensive forex interventions in recent months. PKR’s Market Performance The policy changes follow a 0.4% depreciation of the PKR against the USD since August 20. The State Bank aims to align interbank rates with open market trends. The USD reached PKR 282.50 in the open market, prompting the central bank’s action. Currency volatility continues to challenge importers and exporters in international trade. Support from the Business Community The Karachi Chamber of Commerce supports the central bank’s initiative. Chamber representatives urge additional support to help exporters sustain Pakistan’s trade competitiveness. “Stability is key for trade,” emphasized a chamber spokesperson, highlighting the need for predictable exchange rates for effective business planning. Exporters emphasize the importance of consistent forex policies to remain competitive internationally. Stay updated at nenagency.com.

Business

Pakistan, Bangladesh Plan Joint Trade Commission to Boost Economic Ties

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Islamabad, August 24, 2025, 11:15 AM PKT – Pakistan and Bangladesh are set to establish a Joint Trade Commission, marking a significant move to enhance economic cooperation. This decision stemmed from high-level meetings in Dhaka, focusing on strengthening bilateral relations between these South Asian countries. Ambitious Bilateral Trade Targets The commission plans to set ambitious trade targets by concentrating on coordinated policies and strategic partnerships. During the discussions, Pakistan’s Commerce Minister Jam Kamal Khan and Bangladesh’s Adviser for Commerce, Sk. Bashir Uddin, stressed the importance of mutual economic growth and increased cross-border trade. Key Sectors for Economic Growth The commission, according to Khan, will facilitate enhanced bilateral trade. The key sectors identified for economic collaboration include: Agriculture and food products Textiles and garments Energy and renewable resources These sectors offer substantial opportunities to extend trade relationships and explore new market potentials. Reactivating the Joint Economic Commission The discussions also emphasized reactivating the Joint Economic Commission (JEC), inactive since 2005. Revitalizing the JEC is crucial for streamlining investment and trade mechanisms, enhancing coordination on trade policies, and resolving regulatory barriers hindering commerce. Infrastructure and Tariff Reforms Both nations are dedicated to reducing tariffs and improving logistics infrastructure to ensure smoother cross-border trade and promote economic growth. Infrastructure enhancements will address longstanding obstacles, while tariff reductions are expected to make products more competitive, boosting export opportunities. Stay updated at nenagency.

Business

MDA Accelerates Construction of 22 Modern Bus Shelters in Multan

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Multan, August 23, 2025, 08:35 PM PKT — The Multan Development Authority (MDA) is rapidly progressing the construction of 22 modern bus shelters across the city. Five shelters are already operational, marking an important milestone in infrastructure development. Infrastructure Investment in Public Transport This Rs. 110 million project seeks to improve public transport by providing comfortable waiting areas for citizens. An MDA spokesperson noted that the designs consider both Multan’s cultural heritage and climatic conditions. Costing Rs. 5 million per shelter, this initiative is a significant step in urban development. The shelters are designed to be climate adaptive yet culturally aesthetic. Public-Private Partnership for Development Director MDA, Rana Waseem, highlighted the project’s progress, focusing on the public-private partnership model that ensures rapid completion. The construction details include: Nine shelters built by the Multan Development Authority. Ten shelters developed by private sector companies. Five shelters currently operational. The remaining shelters close to completion. Enhancing Urban Mobility with Modern Shelters This project is aligned with the future electric bus routes in Multan, ensuring organized and safe transportation. Commissioner Aamir Karim Khan stated that these shelters will revolutionize urban mobility, promoting sustainable urban growth. Economic Boost for Multan through Infrastructure The initiative upgrades public infrastructure in Punjab’s fifth-largest city, improving daily commutes for thousands. It enhances urban connectivity and stimulates local economic activity, reinforcing Multan’s status as an emerging commercial hub.

Business

Envoys of Five Countries Present Credentials to President Zardari

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Islamabad, August 22, 2025 – President Asif Ali Zardari today received diplomatic credentials from envoys of five countries at Aiwan-e-Sadr. The ceremony marks a key step in strengthening Pakistan’s bilateral trade partnerships with Asia and Europe. Envoys Present Diplomatic Credentials Envoys from five nations participated in the ceremony, including the High Commissioner-designate of Sri Lanka, Rear-Admiral H.L.A. Don Fred Senevirante. He was joined by four Ambassadors-designate: Chandra Warsenanto of Indonesia Kylychbek Sultan of Kyrgyzstan Wolfgang Oliver Kutschera of Austria Ina Ruth Luise Lepel of Germany The Armed Forces provided a guard of honour, highlighting the formality of the event. Fostering Trade and Investment President Zardari congratulated the envoys on their appointments, expressing optimism about their potential to strengthen bilateral ties. He emphasized expanding economic cooperation with a focus on: Bilateral trade and investment Economic partnerships and business collaboration Cultural exchange programs Strengthening Economic Ties with Asia and Europe President Zardari highlighted the importance of economic cooperation with Sri Lanka, Indonesia, Kyrgyzstan, Austria, and Germany. He noted that mutual benefits in various fields could advance these trade partnerships. The diplomatic engagements underscore Pakistan’s commitment to enhancing its economic footprint. These partnerships are aimed at creating new growth avenues and investment opportunities across multiple sectors. The ceremony underscores Pakistan’s strategic focus on fostering international trade relationships and enhancing business collaboration with key partners in Asia and Europe, as a priority for economic development.

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