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Leather industry leadership drives global expansion and cross-border business transformation

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LAHORE – In Pakistan’s thriving leather markets, Adnan Siddiqui, Director of Karachi-based FACON and founder of Trendy Jacket, had a vision: to showcase Pakistani craftsmanship globally through premium leather jackets and accessories.

But vision alone wasn’t enough. Despite Pakistan’s leather goods exports reaching $98.697 million with 5.1% growth, Adnan faced the challenges that stifle countless Pakistani entrepreneurs: unreliable international payments, transaction delays, and constant non-payment risks.

The broader context was equally daunting. Pakistan’s e-commerce sector hit $7.7 billion in 2024 with 17% annual growth forecasted, yet SMEs still wrestled with payment barriers, connectivity issues, and trust gaps. For Adnan, these weren’t abstract statistics; they were daily obstacles limiting his international potential.

“I watched opportunity after opportunity slip away,” Adnan recalls. “Customers loved our products, but payment hassles made lasting relationships nearly impossible.”

The breakthrough came when Adnan became an early adopter of Payoneer over a decade ago. This strategic partnership provided the complete cross-border payments ecosystem he needed:

  • Global receiving accounts for seamless Amazon and marketplace payments
  • Multi-currency management across 12 accounts without conversion delays
  • Physical payment cards for instant fund access
  • Real-time FX conversion for maintained cash flows

“The beauty wasn’t just in the platform’s ease,” Adnan explains. “It was in how it freed me to focus on creating exceptional leather products.”

The transformation was dramatic. Daily vendor and courier payments replaced monthly cycles, directly improving customer satisfaction and fulfillment speed. Most remarkably, Adnan’s business grew tenfold, expanding across the United States, Europe, Canada, and Australia.

“When I started, cross-border growth was more of a dream,” Adnan reflects. “Now young entrepreneurs enter the market with confidence, knowing they can compete globally from day one.”

His advice to emerging entrepreneurs: prioritize long-term value and consistent quality over short-term profits.

As Pakistan’s e-commerce market heads toward PKR 500 billion by 2026 with 18-22% annual growth, Adnan’s journey from local leather business to global enterprise offers a powerful roadmap for entrepreneurs ready to transform international dreams into reality.

Pakistan

NEPRA approves tariff cuts, power consumers to get Rs56bn relief

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LAHORE – The National Electric Power Regulatory Authority (Nepra) has approved a reduction in electricity tariffs that is expected to provide consumers relief worth about Rs56 billion over the next three months.

In a notification issued on Thursday, the regulator announced a Rs1.99 per unit decrease under the quarterly tariff adjustment for the January-March 2026 quarter. The reduction will remain effective during June, July and August and is estimated to translate into consumer relief of roughly Rs67bn.

However, Nepra also allowed a fuel cost adjustment increase of Rs1.19 per unit for electricity consumed in April, which will be charged in June bills. The increase is expected to generate approximately Rs11bn for distribution companies.

As a result, consumers are likely to see a net reduction of around 80 paisa per unit in their June electricity bills, while the full benefit of the quarterly adjustment will continue in the following two months.

The approved FCA increase is lower than the Rs1.74 per unit sought by the Central Power Purchasing Agency, with Nepra trimming the proposed recovery amount to about Rs11bn from nearly Rs16bn.

According to the regulator, the quarterly adjustment was driven by changes in capacity payments, transmission charges, market operator costs, transmission and distribution losses, and the government’s incremental electricity consumption package for industrial and agricultural sectors.

Most consumer categories will benefit from the reduction, although certain lifeline and prepaid consumers, as well as some consumers covered by the incremental consumption scheme, will not be eligible for parts of the adjustment.

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Pakistan

Pakistan loses $1.6bn annually to e-commerce checkout inefficiencies: Report

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ISLAMABAD – Pakistan’s rapidly growing e-commerce sector is incurring significant financial losses at the checkout stage, with inefficiencies in payment systems costing businesses an estimated $1.61 billion annually, according to a new white paper by Payoneer.

The report highlights that merchants across Asia collectively lose around $72bn each year due to checkout-related challenges, with Pakistan representing a notable share of this gap.

A major portion of the losses in Pakistan — approximately $0.97bn — stems from cart abandonment, which accounts for over 60 per cent of the total. Analysts attribute this to friction during the checkout process, including unexpected charges, payment declines, and lack of pricing transparency.

Settlement delays contribute a further $0.46bn in losses, while $0.18bn is lost due to foreign exchange (FX) costs and other payment-related inefficiencies, the report noted.

Despite strong consumer demand, many transactions fail to convert into completed purchases, limiting revenue realisation for businesses. The issue is particularly acute for cross-border sellers, as international customers increasingly expect localised payment options and pricing in their own currencies.

Industry experts say complex payment systems involving multiple intermediaries further erode merchant margins, while delays in settlement cycles restrict cash flow, affecting businesses’ ability to fulfil orders and expand operations.

The findings point to structural weaknesses in Pakistan’s digital trade ecosystem, where financial infrastructure has yet to keep pace with the country’s expanding participation in global e-commerce.

Experts suggest that improving checkout processes, streamlining payment channels, and ensuring faster settlement could help address these inefficiencies. Introducing localised payment methods and transparent pricing, along with reducing fragmentation in banking relationships, may enhance conversion rates and unlock liquidity for businesses.

As Pakistan seeks to strengthen its position in Asia’s digital economy, addressing these bottlenecks could transform lost value into tangible growth for exporters and online sellers.

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Imran Amin highlights quality, sustainability, timely delivery aligned with Punjab govt vision

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Lahore – April 21, 2026: CEO CBD Punjab, Imran Amin, toured the CBD Walk and CBD Lake projects to evaluate ongoing development efforts and monitor progress firsthand. He carried out a thorough inspection of both projects, reaffirming CBD Punjab’s dedication to delivering projects on schedule and to high standards.

CEO CBD Punjab Imran Amin was accompanied by senior officials including Director Project Management Asif Iqbal, Director Engineering Umar Hayat, Director Construction Asif Babar, Director Architecture & Planning Sameer Aftab Sial, and project contractors.

During the briefing, it was shared that construction work on CBD Walk is progressing ahead of schedule, while maintenance work is underway at CBD Lake to further enhance its sustainability and long-term functionality. Plans are also in place to install dancing fountains to elevate the aesthetic appeal of the area.

Director Architecture & Planning Sameer Aftab Sial briefed the CEO on the exterior design of the structure and the selection of tiles, highlighting the project’s modern and visually appealing outlook.

Expressing satisfaction over the pace of development, CEO CBD Punjab Imran Amin emphasized the importance of maintaining high construction standards. He stated, “This project, aligned with the vision of the Chief Minister Punjab, will emerge as a significant asset, contributing to Lahore’s social and economic landscape.”

The visit reflects CBD Punjab’s continued focus on delivering innovative, sustainable, and high-quality urban development projects.

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