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

Ambassador Tipu Pays Tribute to Pakistan’s Founding Fathers in Tehran

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ISLAMABAD, August 17, 2025 — Muhammad Mudassir Tipu, the Ambassador of Pakistan to Iran, paid tribute to Pakistan’s founding fathers during a ceremony at Pakistan House in Tehran. The event commemorated Independence Day and acknowledged military achievements like Marka-e-Haq and Operation Bunyan-um-Marsoos. Independence and Arbaeen Observance The Independence Day ceremony was rescheduled to honor the Arbaeen observance in Iran. This change underscores the importance of balancing national pride and religious respect in Pakistan-Iran relations. Members of the Pakistani community in Iran, alongside embassy officials, gathered at Pakistan House for this occasion. Tribute to Pakistan Armed Forces Ambassador Tipu lauded the dedication and bravery of Pakistan’s armed forces. He emphasized their vigilance in securing borders and their critical role in the success of Marka-e-Haq in May 2025. Driving Bilateral Trade Growth Expressing gratitude to the Pakistani diaspora in Iran, Ambassador Tipu highlighted their vital role in socio-economic collaboration, enhancing bilateral relations. Their efforts are crucial for promoting economic cooperation, trade expansion, and initiating new investment ventures. Pursuing a $10 Billion Trade Target In light of President Pezeshkian’s recent visit, Ambassador Tipu focused on the ambition to elevate trade volume to $10 billion. He stressed the significant role of the Pakistani community in reaching this goal. This growth in trade highlights the strengthening of the Pakistan-Iran trade relationship, with a focus on: Increasing exports between the nations Enhancing bilateral investment opportunities Generating revenue through expanded trade partnerships Strengthening financial cooperation Economic Progress Since Independence Reflecting on Pakistan’s progress since independence, Ambassador Tipu acknowledged the challenges overcome in recent decades. Despite these hurdles, Pakistan has emerged as a modern, progressive nation with substantial global standing, driven by collective dedication and divine guidance.

Business

Large-Scale Manufacturing Sector Rises 4.14% in June 2025

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ISLAMABAD, August 16, 2025 — Pakistan’s Large-Scale Manufacturing Industries (LSMI) saw a notable 4.14% year-on-year increase in June 2025, reported by the Pakistan Bureau of Statistics (PBS). This growth illustrates a renewed vigor in the nation’s industrial sector. Despite this positive trend, a 3.67% decline was observed month-on-month when compared to May 2025, highlighting persistent volatility within Pakistan’s manufacturing sector. Annual Performance and Challenges For the period from July 2024 to June 2025, LSMI output fell by 0.74% compared to the previous fiscal year. This decline underscores ongoing challenges within Pakistan’s industrial framework. While June witnessed growth, the overall annual performance remained modest. Analysts attribute this to structural issues and market uncertainties that are impacting production capacity. Sectors Driving Growth Several industries boosted the positive trend in large-scale manufacturing: Tobacco Textile Garments Petroleum Products Pharmaceuticals Automobiles Other Transport Equipment The textile and pharmaceutical sectors were pivotal in the June expansion, offsetting declines in other manufacturing categories and providing essential momentum. Sectors in Decline Conversely, several industrial segments saw contractions, which impacted the overall annual performance downturn: Food Chemical Products Non-Metallic Mineral Products Iron & Steel Electrical Equipment Machinery & Equipment Furniture This mixed performance underscores the complex economic landscape faced by Pakistan’s manufacturing industries. Industrial participants continue to grapple with challenging market conditions and policy obstacles that affect production output and investment decisions.

Business

KP Agriculture Officials Urge Investment in Date Palm Sector

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Dera Ismail Khan, August 16, 2025 — A delegation from the Khyber Pakhtunkhwa Agriculture Extension Department visited the Agriculture Research Institute’s Food Technology Section in DI Khan, focusing on advancements in the date palm sector. Innovative Date Palm Technologies The delegation explored the institute’s research facilities and innovative technologies. Members included Dr. Hanif Zahid Khattak, Director Plant Protection; Dr. Murad Ali Khan, Director Horticulture; and Dr. Muhammad Anwar Khan Bhittani, District Director Agriculture Extension. Dr. Shahzada Arshad Saleem Saddozai, PRO and Head of the Food Technology Section, discussed pioneering work in date palm fruit ripening and drying technologies. Efficiency with the Hybrid Solar Tunnel Dryer The research emphasized the Hybrid Solar Tunnel Dryer (STD), a local innovation that reduces Dhakki date drying time to just 3–4 days. This considerably enhances production efficiency and product quality. Currently, 47 STD units are in use across villages, providing farmers with a dust-free, hygienic drying method crucial during monsoon seasons. This not only reduces spoilage but also improves commercial quality. Importance of Date Palm Investment Officials praised the institute’s research capabilities and emphasized the need for increased investment in date palm infrastructure and training. They advocated for strategic funding to support sustainable agricultural development. The delegation stressed the importance of strengthening the date palm industry’s value chain to maximize economic potential and stimulate revenue growth for local farmers. Boosting Revenue through Exports DI Khan Division is a leading producer of Dhakki dates. Traditional drying methods face challenges that affect quality and revenue. Innovations such as the STD enable farmers to produce export-quality dates that meet international standards, hence boosting Pakistan’s agricultural exports and creating sustainable revenue streams. Strategic Development Steps Key regional initiatives are crucial to enhance the sector’s economic impact: Government-supported plantations Enhanced research facilities Cold-storage infrastructure development Market linkage programs for exports These investments will fortify the value chain from production to international trade, supporting stable revenue for local farming communities.

Business, Economy, National News

Prime Minister Launches Chinese Textile Group’s Economic Zone—$100M Investment Expected to Yield $400M in Exports

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ISLAMABAD, August 15, 2025 — Prime Minister Shehbaz Sharif inaugurated a new Special Economic Zone developed by Challenge Fashion Private Limited, a leading Chinese garments group. This significant $100 million investment in the textile sector over five years is predicted to boost exports by $400 million. Major Textile Investment to Boost Export Growth Challenge Fashion Private Limited plans to inject $100 million into the establishment of the Special Economic Zone. The venture is anticipated to generate $400 million in export revenue, significantly enhancing Pakistan’s economy. Chairman Huwang Weiguo led the delegation, discussing the zone’s objectives. He emphasized its potential for technology transfer, skill development, and sustainable growth within Pakistan’s textile industry. Government Supports Manufacturing Expansion Prime Minister Sharif directed authorities to provide full support to Challenge Fashion. The government aims to further develop the industrial scope of the China-Pakistan Economic Corridor (CPEC). This project utilizes China’s expertise in textile manufacturing to bolster Pakistan’s manufacturing base, positioning the country as a regional textile hub. Strengthening Pakistan-China Trade Relations The Prime Minister praised the Chinese partnership, highlighting the strong bilateral friendship between Pakistan and China. He announced an upcoming China-Pakistan Business-to-Business Conference in China to enhance private-sector relations. This strategic initiative aims to attract further foreign investment into Pakistan’s manufacturing and export sectors. Key Attendees at the Ceremony Federal ministers showed their support for the inauguration: Ahsan Iqbal Jam Kamal Attaullah Tarar Ali Pervez Malik Sardar Awais Ahmad Leghari Special Assistant Tariq Fatemi Economic Zone Boosts Global Trade Position The Special Economic Zone marks a vital milestone in Pakistan’s economic growth efforts. It exemplifies the government’s commitment to creating an investment-friendly environment for global businesses. This investment boosts Pakistan’s standing in global trade, enhancing the nation’s manufacturing capabilities and export potential within an increasingly competitive international market.

Business

PM Shehbaz Welcomes Moody’s Upgrade of Pakistan’s Credit Rating to Caa1

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Islamabad, 13 August 2025 — Prime Minister Muhammad Shehbaz Sharif expressed satisfaction with Moody’s decision to upgrade Pakistan’s credit rating from Caa2 to Caa1. The agency also revised Pakistan’s economic outlook from “positive” to “stable.” International Recognition of Economic Progress The Prime Minister, in a statement from the PM Office, welcomed the credit rating upgrade and appreciated his economic team’s efforts in reaching this milestone. He emphasized that this upgraded rating reflects the progress of Pakistan’s economic policies. The government is committed to further enhancing the country’s credit rating. Such positive international assessments boost investor confidence and support economic growth. A stable outlook indicates consistent improvement in Pakistan’s financial stability. Boost to Foreign Investment and Reduced Borrowing Costs The upgrade to Caa1 highlights improved creditworthiness for Pakistan, signaling reduced default risk in international financial markets. This improvement is expected to attract foreign investment and lower the government’s borrowing costs globally. Lower borrowing costs enable Pakistan to access international capital more affordably, supporting infrastructure development and facilitating economic expansion. Understanding Moody’s Credit Rating System Moody’s credit ratings assess the debt obligations and performance of issuers. The ratings evaluate: Government debt obligations Corporate financial instruments Financial institutions across global markets These ratings assist investors in assessing credit risk and making informed investment decisions. The Caa1 rating positions Pakistan in the speculative grade category, demonstrating improved prospects compared to the previous Caa2 designation.

Business

President for Boosting Economic, Connectivity Links with Azerbaijan

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ISLAMABAD, August 13, 2025 (APP) — President Asif Ali Zardari reaffirmed Pakistan’s commitment to strengthening ties with Azerbaijan. These relations are built on trust, shared values, and common goals. During a meeting at Aiwan-e-Sadr with Khazar Farhadov, Azerbaijan’s Ambassador to Pakistan, economic cooperation across various sectors was a key discussion point. Expanding Trade and Investment Partnerships President Zardari identified Azerbaijan as a crucial partner in Pakistan’s economic growth. He underscored the importance of enhancing cooperation to boost bilateral trade and investment. He highlighted several priority sectors for economic development: Trade expansion and improved market access Investment in strategic sectors Regional connectivity infrastructure projects Enhanced financial cooperation Strengthened trade links and connectivity bring economic benefits to both nations, contributing to prosperity and revenue growth in the region. Regional Connectivity and Direct Air Links President Zardari emphasized establishing direct air links between Pakistan and Azerbaijan to foster economic and cultural exchange. These direct flights promote cooperation in several areas: Trade and business partnerships Tourism and revenue generation People-to-people contacts Investment opportunities Such enhanced connectivity infrastructure solidifies the economic foundation for a long-term bilateral partnership. Regional Peace and Stability The President congratulated Azerbaijan on its historic peace agreement with Armenia, extending his felicitations to President Ilham Aliyev and the Azerbaijani people. He expressed confidence that the agreement would foster enduring peace, enhancing regional stability and economic progress. Support for Kashmir Cause President Zardari thanked Azerbaijan for supporting the cause of Indian Illegally Occupied Jammu and Kashmir. He acknowledged Azerbaijan’s role as a valued member of the OIC Contact Group.

Business

PM Shehbaz: Equipping Youth with Modern Technology & AI is Govt’s Top Priority

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ISLAMABAD, Aug 11 — Prime Minister Muhammad Shehbaz Sharif has reinforced the government’s commitment to empowering Pakistan’s youth with expertise in modern technology and artificial intelligence (AI). This initiative remains a top priority for the government. Shehbaz Sharif highlighted that equipping young people with advanced skills is crucial for competing in a technology-driven global economy. International Youth Day 2025 Message In a message for International Youth Day 2025, celebrated globally on August 12, Prime Minister Shehbaz Sharif emphasized Pakistan’s dedication to its youth. He described them as symbols of determination, courage, and resilience, recognizing them as key drivers of the nation’s economic progress and development. “Pakistan’s youth bring pride to the nation at home and abroad, contributing actively to diverse sectors of our economy through their skills, intelligence, and energy,” PM Shehbaz stated. Federal Youth Development Initiatives The prime minister outlined several national programs focusing on education, professional capacity, and skill development for young Pakistanis. These initiatives aim to prepare the youth for future technological challenges: National Artificial Intelligence Policy 2025 — enabling youth to integrate AI and emerging technologies across industries. Prime Minister’s Youth Skill Development Programme (PMYSDP) — training millions in market-relevant skills. Youth Business & Agricultural Loan Schemes — financing entrepreneurship and innovation in agriculture. Technical & IT Training — preparing youth for global job markets. Paid Internships & Education Loans — supporting students and fresh graduates in career growth. Youth’s Role in Social Services Prime Minister Shehbaz praised the volunteer spirit essential to Pakistan’s culture, emphasizing the critical role young people play during emergencies, crises, and natural disasters. Programs like Uraan Pakistan encourage youth participation in local problem-solving and foster civic engagement and social responsibility. Future Vision for a Technology-Driven Pakistan Shehbaz Sharif called on federal and provincial governments, educators, parents, and community leaders to empower the younger generation. He emphasized their role as custodians of Pakistan’s cultural, social, and religious values. The prime minister underscored the importance of preparing youth to lead a prosperous, technology-driven future. Pakistan’s investment in youth technology and AI skills aims to position the nation competitively in the global digital economy.

Business

Shehbaz Sharif Announces Bold Economic Recovery Plan 2025

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Prime Minister Shehbaz Sharif announced Pakistan’s Economic Recovery Plan 2025 during a televised address on August 8, 2025. This comprehensive strategy targets financial stability and sustainable growth amid ongoing economic challenges. The plan presents a strategic blend of tax reforms, investment-friendly policies, and digital payment incentives to bolster economic confidence and attract both local and international investors. “This plan is a roadmap to rebuild our economy on a solid foundation of fairness, technology, and transparency,” declared Shehbaz Sharif during his address. Key Features of the Economic Recovery Plan 2025 Tax Reform Package The government has implemented comprehensive tax reforms aimed at simplifying compliance and reducing business burdens. These reforms strive to create a transparent and efficient tax system that fosters investment. Simplifying tax filing for small and medium enterprises (SMEs) Reducing sales tax for digital enterprises to enhance technology use Introducing AI-powered audit systems to curb corruption and boost transparency Export Boosting Measures The plan supports Pakistan’s export competitiveness in the textile, agriculture, and IT sectors, fostering exports and revenue growth. Providing direct subsidies for textile, agriculture, and IT exports Fast-tracking loan approvals for export-oriented industries Establishing trade offices in the Gulf, China, and Central Asia to expand market access Digital Economy Promotion The recovery plan prioritizes digital payment infrastructure, recognizing the importance of financial digitization. It aims to modernize Pakistan’s banking sector and decrease cash dependency. Waiving transaction charges for small-scale digital payments Expanding the Raast digital payment network to rural areas Providing financial incentives for fintech startups and online freelancers Economic Challenges Addressed The Prime Minister acknowledged the prevailing economic challenges that necessitate this recovery plan. Pakistan currently faces soaring inflation above 20%, low foreign exchange reserves, and declining foreign direct investment (FDI). Shehbaz Sharif reassured the public that this multi-phase plan will stabilize prices and strengthen the rupee, projecting over 2 million new jobs by the end of 2026. International Response to the Recovery Plan International financial institutions, including the IMF and World Bank, have reacted cautiously yet optimistically. An IMF spokesperson described the Economic Recovery Plan 2025 as a “positive and necessary step.” The need for strong implementation and transparency was emphasized, with support from international lenders being crucial as Pakistan seeks economic stabilization. Public and Political Reaction The recovery plan has sparked mixed reactions within Pakistan’s political circles. Government allies have lauded it as “visionary” and vital for economic revival. However, the opposition has questioned its feasibility, criticizing the absence of clear funding sources. PTI spokesperson Fawad Chaudhry voiced these concerns.

Business

Petrol Prices Increased by Rs. 5.25 in Pakistan | New Rates Effective August 3

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Islamabad, August 3, 2025 — The Government of Pakistan announced a petrol price increase of Rs. 5.25 per litre. Effective from midnight, the new price is Rs. 305.12 per litre. This change, affecting millions across the nation, raises issues regarding inflation and increasing transportation costs. New Fuel Price Structure The Oil and Gas Regulatory Authority (OGRA) revised fuel rates for major petroleum products. These adjustments reflect international market fluctuations and exchange rate impacts on Pakistan’s energy sector. Petrol: Rs. 305.12 per litre (increase of Rs. 5.25) High-Speed Diesel (HSD): Rs. 312.87 per litre (increase of Rs. 4.80) Kerosene Oil: Rs. 212.44 per litre (increase of Rs. 3.10) Government’s Fiscal Policy Rationale The Ministry of Finance stressed that this adjustment is necessary to avoid subsidies and maintain fiscal stability. Rising global oil prices have significantly strained the national budget, making prolonged subsidies unsustainable for Pakistan’s economy. A spokesperson from the Petroleum Division stated, “We understand the burden on citizens, but the government cannot afford continuous subsidies that disrupt the national budget.” The decision aims to protect Pakistan’s fiscal position amid volatile international energy markets. Economic Impact and Public Response The fuel price hike has drawn criticism from opposition parties and civil society organizations. Critics argue the increase will exacerbate inflation and raise transportation costs nationwide. This ripple effect impacts public transport fares and goods delivery, potentially raising the cost of living for average Pakistanis. This revision of petroleum rates coincides with Pakistan facing global economic pressures and efforts to stabilize its financial condition.

Business

Government Approves 10% Salary Increase for Federal Employees in Pakistan

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Islamabad, August 2, 2025 — The Government of Pakistan has approved a 10% salary increase for federal employees, effective immediately. This decision aims to address ongoing inflation and rising living costs nationwide. Scope of the Wage Revision The salary increase applies to all BPS-1 to BPS-22 employees within the federal government, covering both civilian workers and armed forces personnel. Announced after a federal cabinet meeting, this measure affects over 1.2 million employees, marking a significant development in public sector compensation. Government’s Economic Relief Strategy Finance Minister Ahsan Shaukat highlighted the government’s commitment to supporting salaried workers amid challenging economic conditions. This decision directly tackles the inflation affecting Pakistan’s economy. “The government recognizes the economic pressure on citizens. This raise is part of our broader strategy to support salaried individuals during tough times,” he stated. This salary increase is seen as a step toward financial stability, aiming to reduce inflation’s impact on household budgets and maintain workers’ purchasing power. Economic Impact and Market Implications Economic analysts predict positive effects from the salary hike, expecting increased employee morale and consumer spending. The key benefits include: Increased disposable income for 1.2 million government employees Revenue growth for businesses in various sectors Boosted economic activity and heightened market demand Improved purchasing power for the public sector workforce Expert Insights on Inflation Concerns Experts emphasize the need for ongoing monitoring of inflation, as persistent rates could reduce the real impact of the wage increase. They advocate for regular evaluations to ensure meaningful relief, underlining the importance of broader economic stability and effective inflation control. Implementation Timeline The salary increase will take effect in the August 2025 payroll. Eligible government employees will receive the enhanced compensation starting this month, with no extra documentation or applications required.

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