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Business & Economy

Dar announces $1bn deposit from UAE

Islamabad, July 12 (Online): Finance Minister Ishaq Dar announced on Wednesday that the United Arab Emirates (UAE) has deposited $1 billion to the State Bank of Pakistan, saying that it would boost the country’s reserves. Taking to twitter Ishaq Dar said State Bank of Pakistan […]

12th Special meeting of Joint Cooperation Committee held in Beijing

Beijing: 11th July, 2023 (Online): The meeting of 12th (Special) Joint Cooperation Committee (JCC) of China-Pakistan Economic Corridor (CPEC) was held in Beijing on Tuesday. Federal Minister for Planning, Development & Special Initiatives, Prof Ahsan Iqbal & Vice Chairman, National Development & Reform Commission (NDRC), […]

Dar chairs ECNEC meeting

Islamabad: 11th July, 2023 (Online): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Executive Committee of the National Economic Council (ECNEC), today. Federal Minister for Commerce Syed Naveed Qamar, SAPM on Finance Tariq Bajwa, SAPM on Revenue Mr. […]

Pakistan, China agree to accelerate implementation on ML-I, SEZs

Beijing, July 11 (Online): Pakistan and China agreed to fast-track the implementation of ML-1and Special Economic Zones SEZs so that projects can be executed timely. The agreement was reached between Federal Minister for Planning Development & Special Initiatives, Ahsan Iqbal and Chairman, National Development and […]

Malik Tahir elected EFP President, Feroz Alam as Vice President

KARACHI (PNI) The office of President & Vice President of Employers’ Federation of Pakistan(EFP) fell vacant due to the demise of Zaki Ahmed Khan, President and Fasihul Karim Siddiqui, Vice President, Employers Federation of Pakistan. The Board of Directors of EFP in their meeting unanimously […]

Shell petroleum is not quitting from Pakistan: Ishaq Dar claims

ISLAMABAD 17 June (Online): The finance minister Ishaq Dar has claimed that Shell Petroleum Company is not leaving Pakistan and not closing business in Pakistan. Dar later explained that the company is selling its shares to another international investor. He expressed these views during a […]

Ministry launches PSDP portal to ‘ensure transparency’

ISLAMABAD 16 June (Online): The government has made the data of ongoing Public Sector Development Programme (PSDP) projects (ongoing and previous year) available on the newly launched PSDP portal to ensure transparency. The portal will display the data for projects worth Rs 1.1 trillion. Minister […]

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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