Pakistan News International

Business & Economy

Pakistan’s economic indicators are in right direction: President AIIB

ISLAMABAD 15 April (Online): Federal finance and revenue minister Ishaq Dar held virtual meeting with president Asian Infrastructure investment bank (AIIB) Jin Liqun yesterday (Saturday). Finance ministry said Ishaq Dar informed President AIIB about economic situation and government steps for sustainable development. Ishaq Dar also […]

All IMF conditions met, no excuse to not sanction loan: PM Shehbaz

LAHORE 15 April (Online): Prime Minister (PM) Shehbaz Sharif said on Saturday that Pakistan had fulfilled all the conditions of the International Monetary Fund (IMF), adding “the global lender has no excuse to not give a go-ahead to the deal”. Addressing a ceremony after reviewing […]

Pakistan on its way to achieve macroeconomic stability: Governor SBP

KARACHI, Apr 14 (APP):The Governor State Bank of Pakistan, Jameel Ahmed, has said that impacts of policy measures were already playing out in the economy and country was on its way to achieving macroeconomic stability while uncertainty regarding external financing will also fade away with […]

Meeting held to discuss matters relating to SECP

ISLAMABAD, Apr 12 (APP):Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Wednesday chaired a meeting and discussed matters relating to Securities and Exchange Commission of Pakistan (SECP). The SAPM on Finance Tariq Bajwa, Chairman SECP Akif Saeed and senior officers from Finance Division […]

Decision to issue salaries to government employees before Eid

ISLAMABAD 12 April (Online): Federal government has decided to issue salaries for this month (April) of government employees before Eid. Prime Minister Shehbaz Shareef and Revenue Minister Ishaq Dar held consultation on the issue. After consultation it has been decided to issue the salaries for […]

IMF issues growth warning as it lowers 2023 forecast

Washington, April 11 (AFP/APP): The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains. Concerns over high inflation, rising geopolitical tensions and financial stability […]

World Bank, IMF spring meetings get underway in complex economic environment

Washington, April 10 (AFP/APP): The World Bank and International Monetary Fund’s spring meetings kick off this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability. “Despite the remarkable resilience of consumer […]

Senate: Finance Minister lays copy of money bill 2023

ISLAMABAD, April 10 (Online): Finance Minister Ishaq Dar laid before the House a copy of the money bill 2023 titled “Charged Sums for General Elections of Provincial Assemblies of Punjab and Khyber Pakhtunkhwa Bill 2023.” […]

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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