Pakistan News International

Business & Economy

Pakistani missions briefed on SIFC

ISLAMABAD, Sep 11 (APP):A virtual briefing session for Pakistani missions abroad on the Special Investment Facilitation Council (SIFC) was convened by the Foreign Secretary at the Ministry of Foreign Affairs here on Monday. Special Assistant to Prime Minister on Government Effectiveness, Dr Jehanzeb Khan, made […]

Speakers for expanding trade ties between Pakistan, Egypt

ISLAMABAD, Sep 8 (APP): Speakers at a conference held in Cairo, Egypt have stressed for expanding trade ties and boosting cooperating in various sectors between Pakistan and Egypt. The Embassy of Pakistan in Egypt, in collaboration with Rawalpindi Chamber of Commerce and Industry (RCCI), organized […]

China’s e-commerce logistics index edges up in August

BEIJING, Sept. 10 (Xinhua/APP) –: China’s e-commerce logistics index, an indicator of logistics operation in the e-commerce sector, stood at 111.1 points in August, up 0.2 points from a month earlier, according to the latest data released by the China Federation of Logistics and Purchasing. […]

Pak, WB discuss to further expand collaboration in different priority areas

ISLAMABAD, Sep 09 (APP): Pakistan and World Bank on Saturday discussed and reviewed the overall performance of the World Bank ongoing portfolio in Pakistan, and different options were discussed to further expand collaboration in different priority areas to help boost the economic activities in the […]

Myanmar exports over 220,000 tons of green grams in April-August

YANGON, Sept. 9 (Xinhua/APP): Myanmar exported about 222,600 tons of green grams in the first five months of the current fiscal year 2023-24 through next March, earning more than 149 million U.S. dollars, the Ministry of Commerce said on Saturday. Over 170,600 tons of the […]

Sindh Government to reduce regulatory permissions: Dagha

KARACHI: Younus Dagha, Caretaker Minister of Finance, Revenue, and Planning, Government of Sindh, stated that there are 245 regulatory permissions prevalent in Sindh. These have created immense problems for citizens for a long time. The Sindh Government has prepared a strategy to reduce the number […]

Gohar Ejaz unveil $50 billion trade Potential with CARs

ISLAMABAD, Sep 05 (APP): Federal Minister for Commerce, Industries and Production, Dr Gohar Ejaz on Tuesday unveiled a $50 billion trade potential with Central Asian Republics (CARs) on the ‘Independence Day’ Celebration of Uzbekistan. The minister was the chief guest at the Independence Day celebration […]

PSA Expresses Concern at Media Reports on Change in Net Metering Policy

Lahore, September 5, 2023: Pakistan Solar Association (PSA) has made a resounding call to action, urging authorities and stakeholders to continue supporting net metering as a crucial pillar of the nation' sustainable energy future. Net metering has been recognized as a cornerstone in the transition […]

Kerb currency market

KARACHI, Sep 04 (APP):Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan here on Monday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 305.50 306.00 U.S $ (Cash Free Market) 326.00 329.00 SAUDIA RIYAL 87.10 […]

23rd ITCN Asia 2023: Caretaker Govt Committed To Promoting IT Sector: Dahga

Karachi: The caretaker federal and provincial governments are committed to promoting the IT sector across the country to support the vision of the Special Facilitation Investment Council (SFIC) for strengthening the economy. This was stated by Younus Dahga, Minister for Finance, Planning, Development and Revenue […]

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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