Pakistan News International

Business & Economy

First Pakistani pharmaceutical company gets license to expand operations in UAE

ISLAMABAD, Sep 16 (APP): Searle Company Limited (SEARL) has become Pakistan’s first pharmaceutical company to register its manufacturing facility in the United Arab Emirates (UAE) market. The company received approval from the UAE Ministry of Health and Prevention and registered its manufacturing facility in the […]

JazzCash Becomes First Fintech Platform to Enable SCOM Bundles

Lahore, September 16, 2023: JazzCash, Pakistan’s leading fintech player, in a pioneering move, has announced the integration of Special Communications Organization (SCO) mobile network onto its platform. This strategic partnership brings a range of exciting new features, including SCOM Prepaid Load, SCOM Bundles and SCOM […]

Economy showing signs of recovery: Shamshad Akhtar

ISLAMABAD, Sep 15 (APP): Federal Minister for Finance, Revenue, Economic Affairs and Privatization Dr Shamshad Akhtar said on Friday that the country’s economy was showing signs of recovery, owing to efforts made by the caretaker government. “The macroeconomic indicators, if you view them, you can […]

Shamshad Akhtar chairs meeting to deliberate measures to digitize national economy

ISLAMABAD, Sep 14 (APP): Caretaker Federal Minister for Finance, Revenue, Economic Affairs and Privatization, Shamshad Akhtar on Thursday visited Federal Board of Revenue (FBR) headquarters and chaired a meeting to deliberate measures to automate its operations and to further enhance tax-to-GDP ratio. Caretaker Federal Minister […]

Sindh Excise, Taxation, & Narcotics Control Department joins PSW

Pakistan Single Window (PSW) and the Sindh Excise, Taxation & Narcotics Control (ET&NC) Department have signed a Memorandum of Understanding (MOU) following the integration of the Sindh ET&NC Department with the PSW. Sindh ET&NC services such as collection of the Sindh Infrastructure Development Cess (SIDC), […]

Petroleum products price likely to scale up from Sep 15

ISLAMABAD, SEP 14 (Online): Petroleum products prices are likely to be enhanced from September 15 in the country and OGRA has evolved working in this regard. Sources told Online that price of Petroleum products are likely to be scaled up by Rs 23.50 per liter. […]

PSA lauds govt vision to maintain current Net Metering rate

Pakistan Solar Association (PSA) has expressed its gratitude to the caretaker government for its decision to maintain the current Net Metering rate for solar energy users, as announced by Minister for Energy Muhammad Ali. PSA Chairman Amir Chaudhry commended the government’s commitment to sustainability and […]

Third PIDE-RASTA Conference on Thursday

ISLAMABAD, Sep 13 (APP): The Research for Social Transformation and Advancement (RASTA) is all set to host the third two-day PIDE-RASTA Conference from Thursday, September 14. This event marks a significant milestone in RASTA’s annual calendar, featuring an impressive lineup of sessions and research showcases, […]

Pakistan’s most recent business news

The business environment in Pakistan is undergoing a quick expansion and alteration, with several industries seeing notable advancements and fresh prospects. In this article, we’ll examine the most recent business news from Pakistan, emphasizing important industries, cutting-edge developments, and remarkable accomplishments to give you a full picture of the vibrant business scene there.

Boom in Technology and E-Commerce: Pakistan’s technology and e-commerce industries have seen tremendous development in recent years, which has helped the nation’s economy. Online sales and other digital transactions have expanded dramatically as a result of the more widespread availability of inexpensive smartphones and enhanced internet access. The emergence of e-commerce behemoths like Daraz, Foodpanda, and the Daraz supported by Alibaba has revolutionized consumer shopping and opened up new opportunities for entrepreneurs and small companies.

Investments in Renewable Energy: Pakistan has acknowledged the value of using renewable energy sources to alleviate the country’s energy issue and lessen its dependency on fossil fuels. The government’s initiatives to entice capital into the renewable energy industry have been successful. Major initiatives, such the construction of wind and solar power facilities, have created possibilities for both domestic and international investors while increasing the availability of sustainable energy.

Infrastructure Development: As a result of the government’s emphasis on development projects, the construction and infrastructure industries have seen a considerable uptick. The China-Pakistan Economic Corridor (CPEC) has been instrumental in improving infrastructure and communication across the nation. Construction of motorways, airports, and special economic zones are ongoing initiatives that have boosted jobs and the economy.

Start-up Culture and entrepreneurship: A increasing number of entrepreneurs and innovators are starting businesses in Pakistan, which has a thriving start-up environment. The creation of technological parks and incubation facilities, among other government measures, has given start-ups a supportive atmosphere. Startup success stories like Careem and Bykea have motivated prospective business owners and drawn domestic and foreign capital, promoting innovation and economic expansion.

Financial Inclusion and Digital Banking: With the introduction of financial inclusion and digital banking programs, Pakistan’s financial industry has seen a shift. Financial services are now more easily available to the unbanked population thanks to mobile banking applications and electronic payment methods, which has helped to promote financial inclusion. Consumers now have access to cutting-edge goods and services thanks to partnerships between conventional banks and fintech businesses.

Export Potential and Global Trade: Pakistan’s export potential is growing as a number of industries earn international acclaim. Particularly, the textile and garment sector continues to play a significant role in the nation’s export earnings. Aside from that, efforts are being made to diversify exports into other industries including IT services, medicines, and agricultural goods. Access to overseas markets has been made possible for Pakistani enterprises thanks to international trade agreements and participation in trade shows.

Due to infrastructural improvements, technology breakthroughs, and a strong start-up culture, Pakistan’s economic environment is changing quickly. The nation is seeing good developments that support economic growth and employment creation, from the e-commerce boom to investments in renewable energy. With an emphasis on entrepreneurship, innovation, and financial inclusion, Pakistan is well-positioned to develop into a thriving center for trade and investment. Keep up with the most recent business news as you investigate the many options that are appearing in this changing climate.

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