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

�Uzbekistan and Oman Strengthen Bilateral Cooperation

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Muscat, August 22, 2025 – A high-level Uzbek delegation led by Minister of Investment, Industry, and Trade Laziz Kudratov visited Oman to enhance economic ties. The visit focused on exploring trade opportunities and strengthening cooperation between the two nations. Key Sectors in Economic Cooperation The Uzbek delegation engaged in extensive meetings with Omani officials, including Minister of Commerce, Industry, and Investment Promotion Qais Al Yousef. Discussions centered on joint projects benefiting both countries across strategic sectors. Priority Areas for Trade Cooperation Oil and gas development Renewable energy initiatives Agricultural technology Textile manufacturing Mining and mineral resources Investment Climate and Foreign Capital Uzbekistan showcased its attractive investment climate, which includes comprehensive investor protections and competitive tax benefits designed to attract foreign capital. The country’s developed industrial zones offer significant advantages for international businesses. An investment exhibition captured the interest of Omani corporations such as Suhail Bahwan Group and Asyad Group, both exploring collaborations to expand market presence and enhance trade relations. Agreements to Boost Trade The two nations reached agreements on economic initiatives in key sectors, establishing a framework for long-term relations and trade diversification. This partnership is expected to significantly boost bilateral trade, create new market opportunities, and benefit businesses in both countries. Omani media extensively covered the growing significance of Uzbekistan-Oman relations, marking a new chapter in their trade cooperation.

Business

Pakistan Calls for National Reconciliation in Divided Libya at UN

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United Nations, August 22, 2025 – Pakistan has called for swift national reconciliation in Libya to strategically reinvest frozen assets. This initiative aims to boost Libya’s economic recovery and improve the well-being of its citizens. Ambassador Usman Jadoon, Pakistan’s deputy permanent representative to the UN, addressed the Security Council. He advocated for peace and stability in this divided North African nation. Pathway to Political Reconciliation Ambassador Jadoon emphasized the crucial need for a clear timeline for political reconciliation and the organization of national elections. Libya remains split between two rival governments nearly 15 years after Muammar Gaddafi’s regime ended. The Government of National Unity is based in Tripoli, while the Government of National Stability operates from Benghazi. Recently, municipal elections were successfully conducted in 26 regions, with another 37 expected to complete elections soon. Reinvestment of Frozen Assets The Pakistani envoy referred to a UNSMIL report highlighting security challenges and stalled reconciliation processes. The report urges immediate action on Libya’s fragile economic conditions. Pakistan stressed reinvesting Libya’s frozen assets to rebuild economic infrastructure and foster financial stability. This strategy aims to enhance living standards, fortify financial systems, and drive economic growth in crucial sectors. Roadmap for Economic Growth Pakistan is supporting UNSMIL’s efforts to unify Libya’s factions. Hannah Tetteh, head of UNSMIL, proposed a 12- to 18-month roadmap for Libya’s national reconciliation and economic rejuvenation. The roadmap’s core development pillars include: Establishing electoral frameworks for democratic governance Creating a unified governmental structure Ensuring inclusive participation by all Libyan stakeholders Encouraging inclusive economic growth and investment opportunities These efforts aim to restore political stability and accelerate the growth of economic infrastructure. The overarching focus is on laying a foundation for sustainable financial prosperity and market stability throughout Libya. Stay updated at nenagency.com.

Business

Rana Tanveer Hussain Meets Governor of Qom Province to Strengthen Agricultural Trade

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ISLAMABAD, August 20, 2025 — Minister for National Food Security and Research, Rana Tanveer Hussain, met with Akbar Behnamjou, the Governor of Iran’s Qom Province, to strengthen agricultural trade relations between Pakistan and Iran. This important discussion reinforced historical ties and laid out major export commitments to boost trade volumes and explore new market opportunities. Expanding Agricultural Export Markets The dialogue emphasized leveraging mutual agricultural strengths to enhance trade volumes and stimulate revenue growth. Pakistan plans to export high-quality rice, mangoes, maize, and halal meat to Iran. In return, Iran will provide saffron, pistachios, and dry fruits to Pakistan. These exchanges focus on agricultural products with high regional demand. Enhancing Export Efficiency Through Infrastructure Both countries agreed on measures to bolster trade cooperation and cut operational costs. Improved infrastructure will support larger export volumes and boost competitiveness. Key initiatives include: Streamlining customs procedures for faster clearance Ensuring compliance with enhanced food safety protocols (SPS) Enhancing cold-chain logistics systems Expanding warehousing at border points These improvements aim to lower trade barriers, preserve product quality, and reduce spoilage, enhancing export efficiency and market competitiveness. Revenue Growth Through Major Export Commitments Iran committed to substantially increasing its purchases of Pakistani agricultural goods, planning to source up to 60% of its meat imports from Pakistan. This offers significant market opportunities for Pakistani exporters. Governor Behnamjou also pledged to expedite mango export permits and increase rice purchases, creating significant revenue growth opportunities for Pakistan’s agricultural sector. Strengthening Economic Relations Minister Rana Tanveer invited Governor Behnamjou and Iranian agricultural experts to visit Pakistan. This invitation seeks to foster stronger institutional cooperation and people-to-people connections. Enhanced collaboration is anticipated to support long-term trade relationships. He described the meeting as a “pivotal step toward a sustainable agricultural alliance,” enhancing food security collaboration. The partnership is projected to benefit farmers, create employment, and drive economic growth in both countries, marking a significant milestone in regional economic cooperation.

Business

Construction Begins on China-Contracted Mieso–Dire Dawa Expressway in Eastern Ethiopia

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ADDIS ABABA, August 20, 2025 — Construction has formally commenced on the Mieso–Dire Dawa Expressway, marking a major investment in the Ethio–Djibouti Transport Corridor. Launched in Dire Dawa, this project aims to enhance regional connectivity and modernize transportation networks. Infrastructure Investment and Project Scope Spanning 144 km, the expressway is a significant investment in Ethiopia’s transportation sector. The construction will unfold over two phases within 48 months. Jointly managed by the China Civil Engineering Construction Corporation (CCECC) and the Sichuan Road and Bridge Group, this initiative is vital to Ethiopia’s economic development strategy. It seeks to strengthen trade connections and reduce costs for businesses. Economic Growth and Development Impact Ethiopian Deputy Prime Minister Temesgen Tiruneh stressed that roads are “critical driving forces for socioeconomic development.” Currently, over 90% of goods and people in Ethiopia depend on road transport. The expressway will connect the Oromia and Somali regions to Dire Dawa, fostering economic, social, and political integration. Enhanced connectivity is expected to spur new trade and investment opportunities, attract foreign investment, and strengthen ties with international markets. Local Employment and Skills Development Chen Sichang, CCECC’s general manager, stated that 75% of workers will be recruited locally, creating significant job opportunities for Ethiopians. A mentorship initiative led by Chinese engineers will also train Ethiopian professionals in advanced international engineering skills, supporting long-term capacity building. Regional Trade Corridor Enhancement The Mieso–Dire Dawa Expressway is essential to the Ethio–Djibouti Transport Corridor. It significantly reduces travel times to ports and boosts regional economic activities. The Ethiopian Roads Administration notes the expressway’s role in achieving the national objective of one-day travel from regional capitals to ports. Key Economic Benefits Reduced logistics costs for businesses Enhanced trade efficiency and export capabilities Support for Ethiopia’s economic growth objectives Improved access to international markets Increased revenue from improved trade routes This infrastructure project positions Ethiopia to solidify its status as a regional trade hub, establishing a foundation for sustained economic growth and enhanced export competitiveness in East Africa.

Business

Kazakhstan’s Annual CPI Holds at 11.8% in July

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ASTANA, August 19, 2025 — The National Bureau of Statistics has reported that Kazakhstan’s annual Consumer Price Index (CPI) held steady at 11.8% in July, unchanged from June. The persistent rate highlights ongoing price pressures within the economy. Food Price Inflation Accelerates In July, food prices surged significantly, with year-on-year inflation rising to 11.2%, up from 10.6% in June. Regional Food Price Variations The increase in food prices varied across regions: The highest rise was in the Akmola region at 14.0%. Almaty city experienced the smallest increase at 8.8%. The national average for food prices increased from 10.6% to 11.2%. Non-Food Prices Slightly Higher Non-food inflation edged up to 9.5%, from 9.4% in June. The Abai region saw a substantial rise at 12.2%, while the Pavlodar region had a more modest increase at 7.0%, indicating economic disparities. Service Inflation Cools Notably In July, the inflation rate in paid services decreased to 14.9%, down from 16.1% in the previous month. The Mangistau region recorded the lowest rate at 9.3%, highlighting regional pricing differences. Monthly CPI Increase Slows From June to July, Kazakhstan’s CPI rose by 0.7%, a slight slowdown from the 0.8% increase previously recorded. This deceleration may signal easing short-term inflationary pressures, even as annual rates remain high across major sectors. Economic Stability and Monetary Policy The persistently high inflation presents challenges for Kazakhstan’s monetary authorities, particularly concerning interest rate management. Central bank officials are closely monitoring inflation trends. Maintaining economic stability is crucial as inflation remains near double digits. Future monetary policy will depend on whether the cooling trend in service prices continues. As a result of rising costs, households and businesses across Kazakhstan are adjusting, significantly affecting purchasing power and consumption patterns nationwide.

Business

Supreme Committee Launches 14 New Investment Opportunities at Hatta’s Sustainable Waterfalls

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Under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, the Supreme Committee for the Development of Hatta has launched 14 new investment and commercial opportunities at the Hatta Sustainable Waterfalls project. This initiative is a significant milestone in Dubai’s economic development strategy, aiming to foster local entrepreneurship and strengthen the emirate’s sustainable tourism sector. Commercial Spaces at Hatta The Hatta investment opportunities provide a comprehensive range of commercial spaces spanning 750 square meters. These facilities are tailored to enhance foot traffic and customer interaction, fostering optimal conditions for business growth. Restaurants with scenic views of the waterfalls Retail stores offering local products and souvenirs Food and beverage kiosks for visitors Each commercial space is strategically located at the picturesque Hatta Sustainable Waterfalls. Empowering Emirati Entrepreneurs These commercial spaces are rent-free for one year and exclusively available to Emiratis residing in Hatta. The initiative is a vital springboard for small businesses and family-run endeavors. Entrepreneurs can establish their ventures in a burgeoning cultural hotspot, eliminating initial overhead costs and reducing financial barriers for local business owners. Alignment with Dubai’s Economic Vision The investment initiative complements strategic frameworks such as the Dubai 2040 Urban Master Plan and the Hatta Development Master Plan. It supports economic goals outlined in the Dubai Social Agenda 33 and Economic Agenda D33, focusing on sustainable tourism growth and inclusive economic development within the emirate. Cultural and Economic Impact By empowering Emirati entrepreneurs, these initiatives create new revenue streams for local families and preserve Hatta’s unique cultural identity while driving economic growth. Dubai’s commitment to economic expansion is highlighted through a development strategy that directly benefits local communities, with the Hatta Sustainable Waterfalls project serving as a model for inclusive tourism investment.

Business

Rise of Female Flour Power: Online Home Baking Empowers Women

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Islamabad, 17 August 2025 — In Pakistan, women are increasingly embracing online home baking as a means to earn income, foster creativity, and connect with supportive communities. This growing trend not only showcases culinary passion but also paves the way for financial independence and social empowerment nationwide. Transforming Kitchens into Digital Enterprises Many women are converting treasured family recipes into successful online businesses. This evolution from traditional kitchens to digital marketplaces signifies notable progress in women entrepreneurship. Home bakers expand their client bases through various channels, including: Social media platforms Digital marketplaces Food delivery apps Sehrish, a home baker, shares, “Online baking has given me the opportunity to work from home and earn a decent income. It’s allowed me to be my own boss and pursue my passion.” Boosting Business Growth in the Digital Economy Access to social media and delivery platforms has transformed home baking models, creating new revenue opportunities for female entrepreneurs. These platforms enable home bakers to manage flexible schedules, seamlessly balancing work with family responsibilities. A baker noted, “It’s been a game-changer for my business and my family.” This flexibility ensures sustainable revenue streams while accommodating family commitments. Increasing Market Demand for Home-Baked Goods The demand for home-baked products is soaring in Pakistan’s urban centers. Customers appreciate the convenience and quality of these goods, which offer a personal and flavorful alternative to commercial options. This market differentiation supports women entrepreneurs in building loyal customer bases. Shaista, a satisfied customer, expressed, “I feel like I’m supporting women entrepreneurs, which is a great bonus.” Fostering Economic Growth through Women Entrepreneurship Online baking is becoming a potent force for economic empowerment. Across Pakistan, women are leveraging their culinary skills to create sustainable livelihoods, thereby boosting household revenue and fostering economic growth. Their digital ventures highlight how women entrepreneurship can drive financial independence and broader economic development. This trend underscores the potential of home-based businesses to offer economic opportunities alongside flexibility and creative fulfillment.

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