Pakistan News International

Business & Economy

Ishaq Dar commends WB support in flood recovery, rehabilitation

ISLAMABAD, Feb 07 (APP):Federal Minister for Finance and Revenue Muhammad Ishaq Dar on Tuesday commended the support of World Bank in flood recovery, and rehabilitation efforts and assured full support to the WB-funded development projects in Pakistan. The minister said this while meeting Regional Director […]

FFC holds First Corporate Briefing for the Year 2023

Rawalpindi (PNI) Fauji Fertilizer Company (FFC), held its First Corporate Briefing for the year 2023, as part of its best corporate governance practices. FFC has been recognized by Pakistan Stock Exchange (PSX) as first amongst Top 25 Companies consecutively for 12 years attributed to its […]

Gwadar to get additional 100 MW power from Iran soon

Lahore, Feb 6 (Online): In compliance to the directives of Honourable Prime Minister of Pakistan, H.E. Mian Muhammad Shahbaz Sharif and Federal Minister for Energy, H.E. Engr. KhurramDastgir Khan, the National Transmission and Despatch Company Limited (NTDC) has completed the construction work of 29 km […]

PSW Rolls Out the Lab Management System for the Ease of Doing Business

Islamabad ()PNI Pakistan Single Window (PSW) has begun rolling out the Lab Management System (LMS) for electronic processing of lab test requests initiated by the government agencies for clearance of imports/exports. In the first phase laboratories associated with the Department of Plant Protection (DPP) are […]

Dar calls for eliminating interest-based system from Pakistan

KARACHI, Feb 02 (APP): Federal Minister for Finance Ishaq Dar on Thursday called for elimination of interest-based system from the country, said, a bank which only had 100 branches in the past, after introduction of Islamic consumer banking, now successfully operating with over 1000 branches. […]

Saudi National Bank 2022 net profit surges 47% to $4.96bn

RIYADH, Saudi Arabia – February 1 (ONLINE) Saudi National Bank reported a 46.7 percent increase in net profit in 2022 to SR18.6 billion ($4.96 billion) from SR12.7 billion in 2021, spurred by higher operating income and a decline in provisions for expected credit losses. The […]

US manufacturing activity contracts for third month: survey

Washington, Feb 1 (AFP/APP):Activity in the US manufacturing sector shrank for a third straight month in January, hovering at the lowest levels since May 2020 as new orders and production slumped, according to survey data released Wednesday. The gloomy figure comes as demand softens on […]

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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