Category: Business & Commerce

ModulusTech, a Pakistani startup specialising in providing one-stop, flat-packed, energy-efficient housing solutions, has been conferred upon with a Special Commendation Award at the United Nations Industrial Development Organisation-Global CleanTech Innovation Programme Global Awards 2017, which were held in Los Angeles recently. The startup led by Nabeel Siddique has been recognised for its efforts in developing affordable housing for refugees and internally displaced persons (IDPs). ModulusTech was previously declared the winner…

While Pakistan’s e-commerce sector in particular, and the country’s online economy in general, have been growing by leaps and bounds in recent years, there is still plenty of room for further growth. One impediment to further expansion Pakistan’s online payments space has been the absence of a reliable online payment system on the lines of PayPal, which is one of the largest internet payment companies in the world. This gap…

With Pakistani entrepreneurs beginning to make their mark on the global stage, the country’s reputation as an increasingly important international destination for business was cemented further when it was revealed that more than a dozen American business heavyweights, many of them are Fortune 500 mentors, will be coming to Pakistan next month. They will be visiting the country to attend the Momentum Tech Conference being held in Karachi on February…

The United Nations Industrial Development Organisation (UNIDO) has recognised the efforts of five Pakistani startups in the area of fostering clean technologies by granting them awards under its Global CleanTech Innovation Programme (GCIP). The startups, belonging to various fields including housing and various solar-powered ventures, were given awards under different categories by the GCIP. In this regard, an award distribution ceremony was held in Islamabad to appreciate their contributions. The…

Pakistan’s e-commerce market is set to hit the $1 billion mark by 2020 if current trends in the sector continue apace. The Pakistan Telecommunication Authority’s (PTA) annual report for 2017, which was released recently, details the various happenings and trends in this area, providing proof that the country’s e-commerce sector is on an upward trajectory. In recent times, Pakistan has consistently been included among the fastest growing e-commerce markets in the world and considering that this…

Following the approval of the Automotive Development Policy back in March 2016, which aimed at liberalising Pakistani automotive sector and gave foreign carmakers considerable incentives to enter the country, it is now clear that the measure by the government has begun to bear fruit. French carmaker Renault has announced that it will start assembling cars in a new plant in Pakistan as early as 2018, with car sales planned to start…