More

    Emerging sectors are vital for economic growth: Uzair Nizam

    Business and economic activities are evolving from traditional sectors to emerging ones, including beauty, fitness, and consumer health, hence these sectors are creating increasing opportunities for investment and employment at both global and local levels, said Muhammad Uzair Nizam, Executive Director of Ecommerce Gateway Pakistan.

    Speaking at the inauguration of the 10th edition of Beauty, Fitness, and Consumer Health Asia, on Thursday alongside foreign delegates from various countries, Nizam stated that emerging sectors are no longer niche but are gradually transforming into vital pillars of the global economy.

    He added that these sectors are generating millions of jobs across the value chain—from manufacturing and marketing to research and retail—significantly boosting employment rates and contributing to GDP.

    “By investing in innovation, sustainability, and inclusivity, these industries have the power to drive socio-economic development and improve quality of life worldwide,” he said. He further emphasized that the beauty, fitness, and consumer health sectors generate jobs and business opportunities, particularly for young and female entrepreneurs.

    More than 2,000 renowned brands and 350 companies from seven countries, including the USA, China, Korea, Iran, Turkey, and Indonesia, are participating in the expo. The exhibition is expected to attract 40,000 visitors and generate $20 million in revenue through service exports, B2B deals, sponsorships, and tourism-related activities.

    The event aims to provide a platform for stakeholders, experts, and consumers in Pakistan’s emerging healthcare, fitness, and wellness sectors. It aims to introduce various beauty trends and innovations to the Pakistani audience, enhancing Pakistan’s global presence in these industries.

    Also Read: Pakistan Paving Way for Islamic Financial Ecosystem: SECP Chief

    Latest articles

    Logistics industry facing $36 billion losses due to offline trade

    Pakistan’s logistics industry is facing annual losses of approximately $36 billion due to offline trade, which is also contributing to the loss of two...

    Mobilink Bank joins forces with NymCard, Dellson Associates to revolutionize digital financial services

    Mobilink Bank, Pakistan’s leading digital microfinance institution, has entered into a strategic partnership with leading fintech innovator NymCard and technology consultancy, Dellson Associates to...

    PTCL Group and Pink Collar hold exclusive career fair to connect skilled women with opportunities

    Pakistan’s largest telecom and ICT service provider, PTCL Group (PTCL and Ufone 4G), in collaboration with Pink Collar, the country’s pioneering women-centric executive job...

    OGDCL Partners with LUMS to Establish Cleantech/Energytech Grant

    Oil and Gas Development Company Limited (OGDCL) has awarded the LUMS Centre for Entrepreneurship (LCE) a Cleantech/EnergyTech Grant to establish a dedicated space within...

    Related articles