Pakistan News International

Business & Economy

ECNEC gives approval to several flood emergency assistance projects

ISLAMABAD, Dec 06 (APP): The Executive Committee of the National Economic Council (ECNEC) here on Tuesday approved several projects related to emergency food assistance, road infrastructure, human resource development, social protection and irrigation. The meeting of the council was chaired by Federal Minister for Finance […]

Tigray capital reconnected to Ethiopia power grid: operator

Nairobi, Dec 6 (AFP/APP): The capital of Ethiopia’s Tigray region has been reconnected to the national power grid after more than a year of cuts caused by war, the country’s electricity operator said on Tuesday. The announcement came a month after a peace deal between […]

Pakistan to import oil products from Russian state: Musadiq

ISLAMABAD, Dec 5 (APP):Minister of State for Petroleum Musadiq Malik on Monday said that Pakistan will hold talks with Russia for further improvement in energy projects besides the import of oil. Talking to a private television channel, he said a Russian delegation would visit Pakistan […]

CDWP approves six youth programs worth Rs 47 bn

ISLAMABAD, Dec 5 (APP):The Central Development Working Party (CWDP) on Monday approved six projects worth Rs 47 billion for the youth of the country. The meeting of the CDWP was held here, under the Chairmanship of Federal Minister for Planning Development & Special Initiatives, Professor […]

UNHCR arranges December Bazaar to support refugees business

ISLAMABAD, Dec 04 (APP):United Nations High Commissioner for Refugees (UNHCR), in collaboration with Inspire Pakistan, arranged a colorful event ‘End of Year December Bazaar’ here on Sunday, showcasing refugee-made products and Pakistani businesses supporting refugees. The event aimed at entertaining participants through a cultural experience […]

Price cap level on Russian oil ‘not serious’: Zelensky

Kyiv, Ukraine, Dec 3 (AFP/APP):A $60 price cap set on Russian oil agreed by the EU, G7 and Australia is not “serious” because it is “quite comfortable” for Moscow, Ukrainian President Volodymyr Zelensky said Saturday. “Russia has already caused huge losses to all countries of […]

US hiring tops expectations in November as wages pick up

Washington, Dec 2 (AFP/APP):US job gains were unexpectedly robust in November despite efforts to cool the economy, while unemployment held steady and wages ticked up, the government reported Friday. The figures provide little relief to officials who have been fighting to tamp down decades-high inflation […]

Saudi Arab extends $3 bln deposit’s term: SBP

KARACHI, Dec 02 (APP): The Saudi Fund for Development (SFD) on the directives of King Salman bin Abdulaziz Al Saud, has extended the term of $3 billion deposit with the State Bank of Pakistan (SBP). “The extension of the term of the deposit is a […]

Training for Afghan women students in fashion design industry highly appreciated

PESHAWAR, Dec 02 (APP):Prominent businessman and Director Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Zia-ul-Haq Sarhadi has highly appreciated a fifteen-day training course in fashion design industry for Afghan women students. Speaking as guest at IMSciences University where training is held, Zia-ul-Haq Sarhadi said […]

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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