Pakistan News International

Business & Economy

IRSA releases 150,800 cusecs water

ISLAMABAD, May 14 (APP):Indus River System Authority (IRSA) on Sunday released 150,800 cusecs water from various rim stations with inflow of 122,800 cusecs. According to the data released by IRSA, water level in River Indus at Tarbela Dam was 1432.10 feet and was 34.10 feet […]

PBF demands growth oriented budget for next fiscal year

QUETTA, May 12 (APP): Pakistan Business Forum (PBF) on Friday demanded a growth-oriented budget in the next fiscal year to encourage business activities in the country with a flavour of austerity measures in the public sectors. Sharing the Forum’s proposals for the upcoming federal budget […]

LCCI calls for national unity, Charter of Economy

LAHORE, May 13 (APP): In the wake of four days of intense political unrest, the Lahore Chamber of Commerce and Industry (LCCI) urged all political parties on Saturday to set aside their differences and prioritise revival of the national economy. LCCI President Kashif Anwar told […]

Golootlo introduces HOTEL FLASH SALES in partnership with Ascendant

KARACHI (PNI) Golootlo, in partnership with Pakistan’s largest hospitality technology company – Ascendant, has launched a hotel booking platform for its 4.5 million customers that enables them to conveniently book hotels online through their mobile app. Golootlo discount platform now offers discounts and rebates on […]

Cotton production beyond targets aimed through action plan in Punjab

BAHAWALPUR, May 12 (APP):An action plan has been devised to get better cotton produce this season and South Punjab Secretariat has taken all the stakeholders on board in this regard. This was revealed in a high-level meeting held at South Punjab Secretariat Bahawalpur under the […]

Crises from Ukraine to banking await G7 finance ministers

Niigata, Japan, May 11 (AFP/APP): Support for war-torn Ukraine will top the agenda at G7 finance talks on Thursday, but ministers and central bankers will also weigh concerns ranging from banking uncertainty to US debt default fears. The three-day meeting of the Group of Seven […]

US consumer inflation eases but price pressures remain

Washington, May 10 (AFP/APP): Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases. The latest number signals that price pressures remain, although it marks […]

Ryanair orders 300 Boeing 737 MAX jets worth $40 bn

London, May 9 (AFP/APP):Irish airline Ryanair Tuesday ordered 300 Boeing 737 MAX jets worth over $40 billion at list prices, representing the US aerospace giant’s latest big contract in a fast-recovering aviation market. The announcement, comprising 150 firm orders plus 150 options for new fuel-efficient […]

Germany agrees to provide over 163 million Euros to Pakistan

Berlin May 09, 2023 (Online): Government to Government (G2G) negotiations between the Islamic Republic of Pakistan and the Federal Republic of Germany were held on May 8 and 9, 2023, in Berlin Negotiations were inaugurated by Sardar Ayaz Sadiq, the Federal Minster for Economic Affairs […]

Govt mulls major relief for masses before general elections

Islamabad, May 8 (Online): The federal government has planned to give big relief to the people in the budget before the general elections; a proposal to increase the salaries of government employees by 50 percent has come out, while there is also a plan to […]

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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