Business & Commerce

ModulusTech a pakistani startup wins Special Commendation Award at 2017 UNIDO-GCIP Awards
Business & Commerce Technology
ModulusTech wins Special Commendation Award at UNIDO-GCIP Awards 2017
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…
Pakistan’s online payments space to welcome three new players
Business & Commerce Technology
Pakistan’s online payments space to welcome three new players
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…
foreign investors in pakistan
Business & Commerce
75% foreign investors have high confidence in Pakistan
A survey conducted by the Overseas Investment Chambers of Commerce and Industry (OCCI) has revealed that 75% of foreign investors possess high confidence in Pakistan’s investment scenario and foresee their businesses registering continuous growth. They also predict an increase in foreign investment in the country. While the survey titled “Perception and Investment Survey 2017” was carried out in November last year, its results were only recently presented by OICCI President…
fortune 500 mentors coming to pakistan in february
Business & Commerce Technology
Pakistan set to welcome mentors of Fortune 500 companies
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…
Business & Commerce Technology
UNIDO awards five Pakistani startups for fostering clean technology
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
Business & Commerce Technology
Pakistan’s e-commerce market to hit $1 billion mark by 2020
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…
Business & Commerce Technology
Pakistan’s automotive sector provides new vistas for foreign carmakers
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…
Business & Commerce
World Bank declares Pakistan among top 5 countries receiving private investment
The World Bank has declared Pakistan to be among the top five countries receiving the highest private participation in infrastructure (PPI) during the first half of 2017. This was revealed in the World Bank’s PPI Database recently, which gave information based on developments occurring during the first six months of the year. Pakistan’s improved status in terms of private investments in infrastructure is largely due to the initiation of some…