Pakistan News International

Business & Economy

Finance Minister desires to strengthen economic ties with UAE

ISLAMABAD, Feb 16 (Online): Finance Minister Ishaq Dar has expressed the desire to strengthen the existing economic ties with the UAE to a next level. Talking to Chief Executive Officer of International Holding Company Syed Basar Shueb in Abu Dhabi, he said Pakistan would welcome […]

Chairman SECP and stakeholders discuss the PSX’s New Trading System launch

Karachi, February 16 (Online): The Chairman, Securities & Exchange Commission of Pakistan, Akif Saeed met with representatives of the brokerage industry to deliberate successful re-launch of New Trading System (NTS) at Pakistan Stock Exchange (PSX). The Chairman was accompanied by Commissioner SECP, Mr. Abdul Rehman […]

Senate members expressed reservations on money bill

Islamabad, 16th February, 2023 (Online): Meeting of Senate Standing Committee on Finance and Revenue was held here at the Parliament House on Thursday with Senator SaleemMandviwalla in Chair. The Senate Committee deliberated and discussed the recommendations on Money Bill, which aimed to amend the laws […]

London FTSE 100 index breaks through 8,000 points

London, Feb 15 (AFP/APP): London’s FTSE 100 index on Wednesday topped 8,000 points for the first time, propelled by the sliding pound after news of slowing inflation. The benchmark index rallied to an all-time pinnacle at 8,003.65 points, helped by the weak pound which boosts […]

Japan’s SMBC Nikko fined 5.3 mln USD over market manipulation

TOKYO, Feb. 13 (Xinhua/APP) –: The Tokyo District Court on Monday ordered SMBC Nikko Securities Inc. to pay a fine of 700 million yen (5.3 million U.S. dollars) and a forfeiture of 4.47 billion yen (about 33.7 million dollars) for stock price manipulation. According to […]

Govt decides to bring mini budget through ordinance

ISLAMABAD, FEB 13 (Online): Government has decided to promulgate ordinance in connection with mini budget. According to official sources the presidential ordinance will be promulgated as soon the joint session of both the houses of parliament ends. The change in taxes and duties will be […]

2,000 Pakistani workers got jobs in Korea through EPS: Envoy

ISLAMABAD, Feb 13 (APP): Ambassador of Korea to Pakistan Suh Sangpyo here on Monday said that in 2022, about 2,000 Pakistani workers found employment in Korea through the Employment Permit System (E9). The ambassador appreciated that Pakistani workers were getting more jobs in Korea under […]

Size of labour force increase by 4.6 mln

ISLAMABAD, Feb 13 (APP): The size of labour force has increased by 4.6 million during 2014-2018 (equivalent to 1.4 million per annum), said in an Annual Plan 2022-23. According to details , approximately, half of the working-age population is out of the labour force, mainly […]

Balochistan fisheries, Ocean Venture sign MoU

QUETTA, Feb 13 (APP):The Fisheries department on Monday signed a memorandum of understanding (MoU) with Ocean Venture, a private enterprise. In the presence of Chief Secretary Balochistan Abdul Aziz Aqeeli, Secretary Fisheries Kazim Jatoi and CEO Ocean Venture signed the MoU. A handout issued by […]

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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