Pakistan News International

Business & Economy

Power tariff may rise upto 50 Paisa per Unit

ISLAMABAD 22 Feb (Online): There is possibility of rise in electricity tarrif upto 50 paisa per unit for consumers. Electricity companies have filed application in National Electric Power Regulatory Authority (NEPRA) for the recovery of 17 Billion and 198 million. LESCO asked for the permission […]

OGDCL net sales revenue clocked at Rs 203 bln

Islamabad: The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on 22nd February, 2023 at OGDCL Head Office, Islamabad announced the financial results for the half quarter ended 31st December, 2022 of fiscal year 2022-23. Net sales revenue […]

Traders raise serious concerns over halt of Pak-Afghan bilateral trade

PESHAWAR,February 22 (ONLINE): Sarhad Chamber of Commerce and Industry (SCCI) president Muhammad Ishaq expressed serious concerns over stuck up of a large number of export and transit trucks laden with essential food commodities and perishable items at Torkham owing to closure of the border on […]

Senate body on Railways meets

Islamabad, 21st February, 2023 (Online): Meeting of Senate Standing Committee on Railways was held here at Parliament House on Tuesday with Deputy Chairman Senate Mirza Muhammad Afridi in Chair. The Senate Committee was briefed about Public Sector Development Program (PSDP) for the financial year 2023-24. […]

Traders resent over unnecessary actions, harassment and imposition of heavy fines

PESHAWAR, February 21 (ONLINE): Sarhad Chamber of Commerce and Industry (SCCI) president Muhammad Ishaq expressed resentment over unnecessary actions, harassment of the business community and imposition of heavy fines by government authorities concerned on pretext of enforcing policies. He stressed the dignity of the traders […]

Oversight body urged FBR for speedy disposal of weighty cases

Islamabad, Feb 21 (Online): Senator Saleem Mandviwalla Presided over a meeting of the Senate Standing Committee on Finance and Revenue at Parliament House. The Senate Finance and Revenue Committee urged the Federal Board of Revenue to seek speedy disposal of weighty cases by the FBR […]

FFC Hands over Food Hampers for Earthquake Victims in Turkey&Syria

Fauji Fertilizer Company Limited (FFC) Gothmachi handed over 200 food hampers worth 20 lakhs to Deputy Commissioner Rahim Yar Khan, Shakeel Ahmed Bhatti for the earthquake victims of Turkey and Syria. Resident Manager FFC, Brigadier Talat Mehmood Janjua (Retd) while talking to the journalists said […]

ICCI calls for privatizing loss-making SOEs to get rid of debt

ISLAMABAD, Feb 18 (APP):The Islamabad Chamber of Commerce and Industry (ICCI) urged the government to privatize loss-making state owned entities (SOEs), including PIA, Pakistan Steel, Pakistan Railways and DISCOs, for improving the performance of these organizations and enable the country to decrease its debt. It […]

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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