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    Home»Business»Emerging sectors are vital for economic growth: Uzair Nizam
    Business

    Emerging sectors are vital for economic growth: Uzair Nizam

    yasirBy yasirDecember 13, 2024No Comments
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    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.

    Share. Facebook Twitter WhatsApp
    yasir

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