Pakistan News International

Business & Economy

Stocks fall, dollar climbs on Fed rate warning

London, March 7 (AFP/APP): Stock markets tumbled, oil prices fell and the dollar firmed on Tuesday as Federal Reserve Chair Jerome Powell warned that the central bank could step up its rate hike campaign to fight inflation. Investors had been eagerly awaiting fresh signals about […]

Dar presides over ECC meeting

Islamabad: 6th March, 2023 (Online): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet, today. Federal Minister for Power Mr. Khurram Dastgir Khan, Federal Minister for Industries and Production Syed Murtaza […]

Mid-Career Foreign Diplomats visited SCCI

SIALKOT, Mar 06 (APP): The Mid-Career Foreign Diplomats from nine countries on Monday extended their full support and cooperation to Sialkot exporters for promotion of their bilateral trade and ensuring the direct easy access of Sialkot-made products to these countries. They visited the several leading […]

Punjab govt approves wheat purchase policy for 2032-2024

LAHORE 05 Mar (Online): The Punjab government has granted approval to wheat purchase policy for 2023- 2024. The approval was given at a meeting of the provincial cabinet in Lahore with Caretaker Chief Minister Mohsin Naqvi in the chair on Saturday. The wheat purchase campaign […]

Texas: Wind and solar stake claim to land of oil

Dawson, United States, March 5 (AFP/APP):Modern Texas was built on oil, and its production has long been a source of immense pride. But now, areas that moved to the steady rhythm of oil derricks for more than a century are making the state a national […]

Shabbar Zaidi should be in jail in billion of refunds matter: Ishaq Dar

ISLAMABAD, MARCH 03 (Online): Finance Minister (FM) Ishaq Dar has said Shabbar Zaidi should be in jail in billions of rupees refund matter. Responding to a question from a journalist during his talks with media that what is government strategy in prevailing economic situation Ishaq […]

SECP proposes Shariah Governance Regulations 2023

Islamabad, Mar 3 (Online): As part of its agenda to promote Islamic financial markets in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has issued draft Shariah Governance Regulations, 2023, primarily to remove bottlenecks in product development and simplify the Shariah screening criteria and […]

Business and Lawyers Communities to work for promoting dignity of judiciary

ISLAMABAD, Mar 03 (APP): President, Islamabad Chamber of Commerce and Industry Ahsan Zafar Bakhtawari, Friday, said that no society can develop without justice, and it is imperative for the promotion of justice in society that the business and the lawyers’ communities work together. Ahsan, while […]

Dar brushes aside rumors of default, smashes PTI for weakening economy

ISLAMABAD, Mar 3 (APP): Federal Minister for Finance and Revenue, Senator Mohammd Ishaq Dar said here on Friday that there was no chance of default despite the fact that the country was passing through a precarious situation. “Pakistan has not defaulted nor would it default. […]

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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