Pakistan News International

Business & Economy

KPT shipping movements report

KARACHI, Apr 10 (APP):Following were the Movements of Ships at Karachi Port Trust (KPT) during last 24 hours, ending at 0700 hours on Monday. SHIPS BERTHED: ESL Nhava ShevaContainer Ship M.T Lahore Tanker MSC Michigan VIIContainer Ship Farnkurt ExpressContainer Ship SHIPS SAILED: CMA CGM Pegasus […]

LHC allows keeping open markets, shops till 1 a.m night upto Eid

LAHORE, April 07 (Online): Lahore High Court (LHC) has accorded permission to keep open the markets and shops till 1 a.m at night till Eid. The smog eradication case came up for hearing before Justice Shahid Karim of LHC Friday. Azhar Siddique counsel for petitioners […]

LG Electronics’ operating profit falls 22.9 pct in Q1

SEOUL, April 7 (Xinhua/APP) –: South Korea’s tech firm LG Electronics logged a double-digit fall in the first quarter owing to the global economic uncertainty, the company said Friday. Preliminary operating profit shrank 22.9 percent from a year earlier to 1.5 trillion won (1.1 billion […]

Reimagine and Restructure to Retain Valuable Talent

Karachi (PNI) S&P Global, in collaboration with Nutshell Group, held a webinar on ‘Career Development: Creating a Path for Employee Growth and Retention,’ recently. Leading corporate executives and HR experts examined the impact of technological advancements and organizational changes on workplace relationships. The discussion revolved […]

Senate body assures support to KP Govt in getting funds for NMDs

Peshawar, April 06 (ONLINE): The Sub-Committee of the standing Committee of Senate on States and Frontier Regions on Thursday assured its support to the government of Khyber Pakhtunkhwa in taking funds for the province, especially the Newly Merged Districts (NMD) from the federal government. The […]

Ishaq Dar chairs ECNEC meeting

ISLAMABAD – April 6 (ONLINE) The Executive Committee of the National Economic Council (ECNEC) on Thursday approved the project envisaging acquisition of land for up gradation, improvement and widening of 329.7 kms long and 04- Lane wide dual carriageway, starting from Rajanpur and terminating at […]

NA body reveals $3 bln lent to 600 entities on zero interest

ISLAMABAD – April 6 (ONLINE) National Assembly’s Standing Committee on Finance on Thursday disclosed that a loan worth 3 billion US dollars was granted to 600 entities on interest-free bases during the tenure of previous PTI-led government. The committee, which met on Thursday at Parliament […]

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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