Pakistan News International

Business & Economy

K. Electric all set to drop electricity bombshell on consumers

ISLAMABAD, April 20 (Online): K-electric has requested NEPRA to scale up electricity tariff by RS. 4.49 Per unit. K-electric in Karachi has filed application with NEPRA for enhancing power tariff under the head fuel adjustment for the month of March. According to which permission has […]

SNGPL Launches Ration Distribution Drive

Lahore (PNI) Sui Northern Gas Pipelines Limited (SNGPL) has launched ration distribution drive as part of its Corporate Social Responsibility (CSR) program. It is pertinent to mention that in wake of economic slowdown and inflation in the country, Ministry of Energy (Petroleum Division) had advised […]

Compliance center opened at commerce ministry to facilitate businesses, exports

ISLAMABAD, Apr 18 (APP): Ministry of Commerce Syed Naveed Qamar on Tuesday inaugurated the first-ever National Compliance Centre (NCC) to ensure international compliance requirements and facilitate the manufacturers, exporters, and certification agencies through information sharing and training/capacity building. Addressing the launching ceremony of the center, […]

RCCI inks contract with ANTH

RAWALPINDI, Apr 18 (APP):The Rawalpindi Chamber of Commerce & Industry (RCCI) and Dr Akbar Niazi Teaching Hospital (ANTH) on Tuesday signed an agreement to provide discounts to its members on various services. President Saqib Rafiq behalf of RCCI and Col (retd) Dr Ghulam Mujtaba Abbasi […]

Kerb currency market

KARACHI, Apr 17 (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Monday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 284.75 285.30 U.S $ (Cash Free Market) 285.00 288.00 SAUDIA […]

KP govt vows to resolve problems faced by industrialists

Peshawar, April 17 (ONLINE): Khyber Pakhtunkhwa Caretaker Minister for Industries, Commerce and Technical Education, Muhammad Adnan Jalil on Monday directed the relevant authorities for taking effective measures to revive sick industries and also solve the problems being faced by the industrialists in the industrial estates […]

IRRI promoting regional cooperation to increase rice production: Dr Jongsoo

FAISALABAD, Apr 17 (APP): International Rice Research Institute (IRRI) Philippines is promoting regional cooperation to increase rice production and germplasm exchange in South Asia to meet nutritional needs of rapidly growing population. These views were expressed by IRRI Director for Asia, Dr Jongsoo Shin during […]

Saudi Arabia transfers more Aramco oil shares to wealth fund

Riyadh, April 16 (AFP/APP): Saudi Arabia has put a second four-percent chunk of shares of the Aramco energy giant, worth tens of billions of dollars, under the control of the country’s sovereign wealth fund, state media said Sunday. The move underscores Crown Prince Mohammed bin […]

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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