ISLAMABAD, Aug 03 : The per tola price of 24 karat gold decreased by Rs.500 and was sold at Rs.256,800 on Saturday compared to its sale at Rs.257,300 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.429 […]
ISLAMABAD, Aug 03 : The per tola price of 24 karat gold decreased by Rs.500 and was sold at Rs.256,800 on Saturday compared to its sale at Rs.257,300 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.429 […]
ISLAMABAD, Aug 2 :The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.12 percent for the combined consumption groups during the week ended on August 1st, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, […]
ISLAMABAD, Aug 2 : France and Pakistan on Friday affirmed their commitment to deepen economic relations, exploring investment opportunities and expanding bilateral trade. Ambassador of France to Pakistan Mr. Nicolas Galey called on Minister of State for Finance and Revenue Ali Pervaiz Malik at Finance […]
ISLAMABAD, Aug 2 : Pakistani rupee on Friday continued its recovery and appreciated by 16 paisa against the US dollar in the interbank trading and closed at Rs 278.50 against the previous day’s closing of Rs278.66. However, according to the Forex Association of Pakistan (FAP), […]
ISLAMABAD, Aug 2 :Exports from the country witnessed an increase of 11.83 percent during the first month of fiscal year 2024-25 as compared to the corresponding month of last year, the Pakistan Bureau of Statistics (PBS) reported Friday. The exports during July 2024 were recorded […]
KARACHI, Aug 1 : Following are the selling/buying rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. CURRENCY SELLING BUYING USD 281.89 275.86 GBP 362.43 354.62 EUR 305.35 299.37 JPY 1.8841 1.8436 SAR 75.13 73.52 AED 76.75 75.62 […]
ISLAMABAD, Aug 1 : Pakistan’s export of goods and services to China witnessed an increase of 33.67 percent during the twelve months of the fiscal year (2023-24) as compared to the exports of the corresponding period of last year, State Bank of Pakistan (SBP) reported. […]
August 01, 2024: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on August 01, 2024, approved the Bank’s financial results for the half year ended June 30, 2024. The Bank reported profit after tax of PKR 20.609 billion, representing Earning […]
Lahore, 1st August 2024 – Careem, the pioneer of ride-hailing in Pakistan, has launched its ‘Flexi’ car type in Karachi, enabling customers and Captains to take rides on their own preferred fare. The introduction of Flexi makes its way to the metropolitan city of Karachi […]
Islamabad: foodpanda Pakistan announced a significant partnership with QJ Diagnostic, a renowned medical lab in Islamabad/Rawalpindi and a sister concern of CitiLab, to enhance the health and well-being of its dedicated delivery riders. Through this collaboration, foodpanda and QJ Diagnostic set up free Hepatitis-C medical […]
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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