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Business & Economy

K-Electric submits next 7-year investment plan to NEPRA

ISLAMABAD 12 Feb (Online): K-Electric has submitted their nect 7-year investment plan to Nation Electric Power Regulatory Authorty (NEPRA). Nepra will take up the hearing on this 7-year investment plan on 21 Feb. K-Electric will make 484 billion investments in upcoming seven year: proposed plane. […]

Pak-US business council urges access to US markets for Pakistani products

ISLAMABAD, Feb 12 (APP):The founder Chairman of Pak-US Business Council Iftikhar Ali Malik on Sunday urged the United States to provide direct market access to Pak products to stabilise its fragile economy that suffered irreparable colossal losses in the fight against terror in the region. […]

ICCI discussesbuilding Expo Centre and Hospital in Gulberg Green

Islamabad, FEB 11 (ONLINE): Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) leading a delegation visited IB Employees Cooperative Housing Society (Gulberg Green) Islamabad and exchanged views on matters of mutual interest with Tariq Mehmood President, Bilal Riaz Burki Joint Secretary and […]

Credit Suisse shares sink after biggest loss since 2008 financial crisis

Geneva, Feb 9 (AFP/APP): Credit Suisse stocks plunged nearly 15 percent on Thursday as the scandal-plagued Swiss banking giant posted its biggest annual loss since the 2008 financial crisis — and warned it expects to stay in the red in 2023. Switzerland’s second-biggest bank, which […]

Credit Suisse posts biggest loss since 2008 financial crisis

Geneva, Feb 9 (AFP/APP): Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023. Switzerland’s second-biggest bank, which unveiled a dramatic restructuring plan in October aimed […]

Govt allocates Rs 118.4b for road safety in PSDP -2022-23: Dar

ISLAMABAD, Feb 9 (APP): Federal Minister for Finance and Revenue, Senator Muhammad Ishaq Dar on Thursday said the government has total allocation of Rs 118.4 billion for road safety to enhance the country’s road infrastructure in Public Sector Development Program (PSDP) for FY2023. The Finance […]

Toyota keeps profit forecasts despite supply chain headwinds

Tokyo, Feb 9 (AFP/APP): Japan’s Toyota left its annual forecasts unchanged on Thursday despite ongoing disruption from the global chip shortage, as the cheaper yen offsets the impact of soaring materials prices. The world’s top-selling automaker, which reshuffled its executive line-up last month, is still […]

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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