Business
Jakarta invites traders to forge joint ventures | The Express Tribune
LAHORE:
Indonesian Ambassador Chandra W Sukotjo has said that Indonesia offers wide investment opportunities and their benefits can be reaped by Pakistani entrepreneurs through forming joint ventures and partnerships.
The ambassador, who visited the Lahore Chamber of Commerce and Industry (LCCI) along with his economic team on Monday, underlined that there exists vast potential for collaboration in mining, energy, agriculture, pharmaceuticals, processed food, renewable energy and healthcare.
“My mission is to further deepen trade and economic cooperation between the two countries,” he said, adding that Pakistan has the best strategic geographical importance.
The envoy remarked that Pakistan and Indonesia were not just trading partners but also shared strong historical, cultural and religious ties. He said that business-to-business linkages and direct facilitation for entrepreneurs would play a vital role in advancing mutual economic goals.
Speaking on the occasion, LCCI President Mian Abuzar Shad pointed out that Indonesia and Pakistan were the two largest Muslim nations in terms of population and were also important members of the Organisation of Islamic Cooperation (OIC).
He noted that Indonesia was the largest economy in the Association of Southeast Asian Nations (Asean), with a GDP of over $1.4 trillion, and plays a pivotal role in global trade.
While appreciating the existing trade framework, the LCCI president expressed concern over the negative trade balance with Indonesia. During fiscal year 2024-25, Pakistan’s imports from Indonesia stood at around $2.9 billion, while exports were only $271 million. He stressed the need to explore new trade avenues, reduce the trade deficit and increase the bilateral trade volume to at least $5 billion. He also called for making a better use of the Preferential Trade Agreement and exploring the possibility of a Free Trade Agreement.
LCCI Senior Vice President Engineer Khalid Usman said that Pakistan’s imports from Indonesia primarily consisted of palm oil, coal, artificial staple fibres and paper, while exports mainly included rice, tobacco, woven cotton fabrics, citrus fruits, leather, frozen fish and corn.
“Pakistan has great potential to enhance exports of value-added textile, pharmaceuticals, processed food, light engineering goods, surgical instruments and sports goods to Indonesia,” he said.
He suggested that commercial sections of the diplomatic missions of both countries should play a proactive role in exploring the potential areas of collaboration. He underlined that “it is the right time to strengthen business-to-business linkages through trade fairs, exhibitions and the exchange of business delegations.”
Engineer Khalid Usman proposed enhanced collaboration through joint ventures in defence, education, agriculture and tourism, which could further cement bilateral relations.
Business
Houses without lounges are a reality for renters
Kevin PeacheyCost of living correspondent
Ella MurrayHomes without lounges are becoming a reality for renters on tight budgets faced with a lack of available lets.
Nearly a third of homes advertised on flat-sharing website SpareRoom in the first half of the year had no living room.
Ella Murray, aged 22, who shares with three other people in London, said: “At this stage in my life I’m not willing to sacrifice money for more space.”
Landlords say turning a lounge into a bedroom helps them cover their higher mortgages and other extra costs, while meeting demand from tenants.
But a lack of communal space means many renters are living and working in one bedroom putting them at risk of social isolation.
Some also point out the “false economy” of being forced to go out to socialise which can cost more than a night in with friends.
Cost-of-living pressures
Students living away from home might expect to rent in a property where the front room has been converted into a bedroom.
But these latest figures suggest this is a reality for young professionals renting in their 20s and 30s.
Analysis by SpareRoom, shared with the BBC, shows:
- Some 30% of adverts for a room posted on the platform in the first half of the year were for places without a living room
- That proportion was higher in London, at 41%
- Birmingham saw an increase from 16% to 22% of adverts with no living room in the five years from 2020
The data covers flat or house shares only, and does not include any studio, or one-bedroom listings.
Official figures show average UK monthly private rents increased by 5.5%, to £1,354, in the year to September.
As costs rise, there are 10 prospective tenants on average chasing every available rental property, according to the latest Rightmove data.
A landlord turning a lounge into a bedroom provides an extra place for a tenant. It could also mean lower rent payments for each tenant but potentially more rent overall for landlords covering higher mortgage repayments seen in recent years.

Ella and her three housemates split the rent of £3,000 a month dependant on the size of their bedrooms, but their home does not have a living room.
“We have a decent-sized kitchen with a dining table which is where we hang out instead. We would definitely socialise more if we had a living room,” she said.
She said the rent was cheaper as a result, and – living in London – it was the norm among her friends in other rental properties in the city.
She works in musical theatre, and said she would be more inclined to rent somewhere with a living room were her wage to increase and were she to move in with a partner.
Hannah CarneyHannah Carney, 26, also shares a property without a lounge and says none of the places she had rented since she was 18 had a living room.
She says she misses having a “chill place that is social” and it means she and her flatmates probably spend more on going out for dinner and drinks.
“I’d love to say that all properties should have a communal area. I wish that was the norm, but I know it’s not realistic,” she said.
The best she and her flatmate could do, she says, is to have movie nights in a box room that they also use to hang their washing.
Matt Hutchinson, director of SpareRoom said: “We’ve had so many messages from people who met their best friends and partners in flatshares, who’ve raised families or started businesses together.
“Those kinds of stories will become rarer if communal, sociable spaces within homes are not protected. Sadly, loneliness is alarmingly common.
“With rents as unaffordable as they are now, it’s understandable people are looking for ways to cut the cost of living.”
Chris Norris, chief policy officer at the National Residential Landlords Association (NRLA) said the “root of the challenges” was too few rental homes to meet demand.
The NRLA said some landlords, facing a difficult outlook, were moving into offering multi-occupancy homes so their businesses remained viable enough to carry on.
“With rising costs and the expectation of smaller margins to contend with, some landlords will certainly be looking at how to use their investments most efficiently and meet demand effectively whilst delivering high-quality private rented homes,” Mr Norris said.
At the more extreme end of the scale, the BBC has previously uncovered illegal house-sharing in multi-occupancy homes.
Business
ASEAN eyes investment in tourism, food industry | The Express Tribune
Federal Minister for Investment and Board of Investment (BOI) Chairman Qaiser Ahmed Sheikh
ISLAMABAD:
Federal Minister for the Board of Investment Qaiser Ahmed Sheikh held a meeting with a joint delegation of Asean ambassadors and high commissioners at the Board of Investment (BOI) office.
During discussions, Qaiser Ahmed emphasised the strategic importance of Asean countries as vital partners of Pakistan. He briefed the delegation on the pivotal role of Special Economic Zones (SEZs) and the Special Investment Facilitation Council (SIFC) in promoting investment opportunities nationwide.
He highlighted that these zones provide a structured, investor-friendly environment designed to foster sustainable industrial growth, attract foreign direct investment and create employment opportunities.
All representatives of the Association of Southeast Asian Nations (Asean) expressed keen interest in sectors such as tourism, the food industry and other emerging markets that offer considerable potential for investment and bilateral economic collaboration. The minister noted that Pakistan is actively introducing incentives to enhance investment prospects in key sectors, including information technology, infrastructure, textiles and mining.
The delegates acknowledged the vast investment opportunities available in Pakistan and reaffirmed their willingness to explore potential collaborations across multiple sectors. Discussions also centred on strengthening trade and investment linkages, enhancing regional connectivity and streamlining investment procedures to facilitate mutually beneficial partnerships.
Business
Aadhaar future roadmap: UIDAI sets up expert panel to craft Vision 2032; explores AI, blockchain and quantum tech – The Times of India
The Unique Identification Authority of India (UIDAI) has set up a high-level expert committee to make Aadhaar technology future-ready, with focus on scalability, data security, and resilience against emerging cybersecurity threats, according to an official statement issued on Friday.The committee, chaired by UIDAI Chairperson Neelkanth Mishra, includes UIDAI CEO Bhuvnesh Kumar, Nutanix founder Dheeraj Pandey, MOSIP head of engineering Sasikumar Ganesan, Trilegal partner Rahul Matthan, Amrita University Professor Prabaharan Poornachandran, Michigan State University Professor Anil Jain, UIDAI Deputy Director General Abhishek Kumar Singh, Sarvam AI co-founder Vivek Raghavan, and IIT Jodhpur Professor Mayank Vatsa.“Recognising the rapidly changing technological and regulatory landscape, the UIDAI has embarked on a comprehensive strategic and technological review to shape the next decade of Aadhaar’s evolution through a new ‘Aadhaar Vision 2032’ framework,” the statement said.The Vision 2032 roadmap will not only sustain Aadhaar’s technological leadership but also reinforce its role as a secure, inclusive, and people-centric digital identity, the statement added.The expert panel will draft the Aadhaar Vision 2032 document, outlining a framework for next-generation Aadhaar architecture aligned with India’s Digital Personal Data Protection (DPDP) Act and global privacy and cybersecurity standards.According to the UIDAI, the Vision 2032 framework will leverage advanced technologies such as Artificial Intelligence, Blockchain, Quantum Computing, Advanced Encryption, and next-generation data security systems to ensure that Aadhaar remains secure, scalable, and adaptable to the evolving digital landscape.
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