Pakistan News International

Business & Economy

Tokyo to face tight power supply this summer

TOKYO, Apr 2 (Xinhua/APP): Japan’s Tokyo area is expected to sustain a tight supply-demand situation for electricity this summer, according to projections made by the government. According to the latest estimates released by the Ministry of Economy, Trade and Industry, the reserve power supply capacity […]

SCO’s role in ensuring sustainable growth in region emphasized

BEIJING, Apr 2 (APP):Shanghai Cooperation Organization (SCO) Deputy Secretary-General Sohail Khan took part in the session Regional Decisions for Sustainable Development: The Case of the EAEU and Other Structures. The event was organized by the Eurasian Economic Commission during the 10th Asia-Pacific Forum on Sustainable […]

Commerce Ministry denys trade with Israel

ISLAMABAD 2 April (Online): Commerce ministry spokes person said on Sunday there are no trade diplomatic relations with Israel nor we want to build. Rumers of building trade relation between Pakistan and Israel are propaganda: commerce ministry. He said wrong meaning were drived from the […]

Eurozone and US inflation slow, bringing respite to policymakers

Brussels, March 31 (AFP/APP): Eurozone inflation slowed sharply in March while US price increases eased last month as well, official data showed Friday, offering some relief to policymakers. The data released on both sides of the Atlantic will provide central banks some respite as they […]

Dar hopeful for Pakistan to attain status of 20th largest economy

ISLAMABAD, Mar 31 (APP): Federal Minister for Finance and Revenue Ishaq Dar on Friday, here, said that Pakistan has the full potential to be included in the twentieth largest economy of the world, and the role of the business community for that matter was instrumental. […]

Prices of petrol, diesel to remain unchanged for next fortnight

ISLAMABAD, Mar 31 (APP): The government on Friday decided to keep the existing prices of petrol and High-Speed Diesel (HSD) unchanged for the next 15 days to facilitate the masses in the country, particularly to provide relief to lower-income people. According to the statement issued […]

Water budget should be 15% of GDP: Khursheed Shah

ISLAMABAD 31 Mar (Online): Federal minister for water resources Khursheed Shah said due to our high population water budget should be allocated equal to 15% of Gross Development Product (GDP). He expressed these views while replying to call attention notice on Friday. Member assembly Mohsin […]

Federal Minister for Economic Affairs chairs First Meeting of IPSG in Islamabad

Islamabad, March 30 (Online): Federal Minister for Economic Affairs, Sardar Ayaz Sadiq, chaired the first meeting of the International Partners Support Group (IPSG) in Prime Minister Office, Islamabad, today. Special Assistant to Prime Minister on Finance and Revenue, Secretary, Ministry of Economic Affairs, Secretaries Ministries […]

US candidate Ajay Banga the sole nominee to lead World Bank

Washington, March 30 (AFP/APP): Ajay Banga, the American pick to lead the World Bank, was the only candidate nominated for the position, the bank confirmed Thursday, paving the way for his likely appointment in the coming months. “In accordance with established procedures, the Executive Directors […]

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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