Pakistan News International

Business & Economy

Sugar futures close higher

ZHENGZHOU, Aug. 7 (Xinhua/APP) –: Sugar futures closed higher Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active sugar contract for January 2024 delivery gained 6 yuan (about 84 U.S. cents) to close at 6,662 yuan per tonne. On Monday, the […]

PCMEA calls for new strategy to promote hand-woven carpets

LAHORE, Aug 06 (APP): Pakistan Carpet Manufacturers and Exporters Association (PCMEA) Senior Vice Chairman Usman Ashraf said on Sunday that an effective strategy for marketing and promotion of exportable products would have to be formulated to gain due share in the global market, and this […]

Malaysia-Pakistan bilateral trade surpasses $ 1.8 bln: Malaysian HC

ISLAMABAD, Aug 06 (APP): The High Commissioner (HC) of Malaysia to Pakistan, Ambassador Mohammad Azhar Mazlan said that the annual bilateral trade volume between Pakistan and Malaysia has surpassed USD $1.8 billion and both nations are determined to further strengthen their trade and investment collaboration […]

Gurad Agriculture Services selected to export red chillies to China

ISLAMABAD, Aug 06 (APP):The Chinese company Litong Food has selected Guard Agricultural Research and Services under the China-Pakistan Economic Corridor (CPEC) framework for the import of red chilli cultivated in Pakistan with Chinese collaboration on buyback policy. The selection was made in the wake of […]

Dar chairs meeting on reforms in Energy Sector

Islamabad: 4th August, 2023 (Online): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting on reforms in the Energy Sector at Finance Division today. Minister of State for Petroleum Division Mr. Musadik Masood Malik, SAPM on Finance Mr. Tariq Bajwa, SAPM […]

Five select areas prioritized for investment under SIFC: Prime Minister Shehbaz

Islamabad: August 3, 2023 (Online): A group of prominent Pakistani-American businessmen and entrepreneurs, who are currently visiting Pakistan, called on Prime Minister Muhammad Shehbaz Sharif, at the PM House today. The Prime Minister lauded the contributions being made by the successful and vibrant Pakistani-American community. […]

AML/CFT Authority established to counter terror financing

Islamabad, Aug 3 (Online): An important bill for the establishment of the Authority for Anti-Money Laundering and Prevention of Financing of Terrorism (AML/CFT) has also been approved by the National Assembly on Thursday, under which the authority will also be able to impose targeted financial […]

British High Commissioner calls on Dar

ISLAMABAD, Aug 3 (APP): British High Commissioner to Pakistan, Jane Marriott CMG OBE called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at Finance Division. The finance minister extended a warm welcome to the newly appointed High Commissioner Jane Marriott, said a […]

France to grant 1.5 bn euros for Taiwanese EV battery factory

Paris, Aug 3 (AFP/APP): France said Thursday it had received EU authorisation to provide 1.5 billion euros ($1.6 billion) in subsidies for Taiwan’s ProLogium to build its first European electric vehicle battery factory in Dunkirk. The project calls for 5.2 billion euros in total investments […]

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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