Pakistan News International

Business & Economy

A delegation of Asian Development Bank Mission visits WSSCM

PESHAWAR, December 01 (ONLINE): A delegation of Asian Development Bank Mission, led by Umar Ali Shah visited water and sanitation services company Mardan (WSSCM). On the occasion they reviewed the ongoing development projects under Khyber Pakhtunkhwa Cities Improvement Project and met with the project’s stakeholders […]

Pakistan’s rice exports to China increase by 41% in Jan-Oct 2022

BEIJING, Dec 1 (APP):Pakistan’s rice export to China in the first 10 months of 2022 surpassed $425.90 million with a volume of 1,121,592.571 tons, according to the General Administration of Customs of the People’s Republic of China (GACC). Data showed that during the first 10 […]

PIA join hands with Turkish Airlines for flight operation to Istanbul

ISLAMABAD, Dec 01 (APP):Minister for Aviation Khawaja Saad Rafique on Thursday said Pakistan International Airlines (PIA) recently entered into a code-share agreement with Turkish Airlines and will start PIA flights operation to Istanbul with four weekly flights from Islamabad and two from Lahore. Speaking on […]

Country will run if dollars come: Ahsan Iqbal

LAHORE, Dec 01 (Online): Federal minister Ahsan Iqbal has said we have lagged behind in 75 years because we are more corrupt. “we could not make progress because we are more incompetent, he said this while addressing a ceremony in a private university at Lahore […]

Qatar announces first major gas deal for Germany

DOHA 30 Nov (Online): Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources. Qatar抯 Energy Minister Saad Sherida al-Kaabi said up to two million tons of gas a year […]

Petroleum prices unchanged, deadline for filing tax return extended

ISLAMABAD, Nov 30 (APP):Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Wednesday announced to maintain prices of petrol and speed diesel for the next fifteen days from December 1 to 15, 2022. The Finance minister said that the prices of petrol and […]

US rate hikes could slow ‘as soon as’ December: Fed chair

Washington, Nov 30 (AFP/APP):The US central bank could ease its pace of interest rate hikes “as soon as” December, Federal Reserve Chair Jerome Powell said Wednesday, as its campaign to cool prices trickles through the economy. With American households grappling with soaring consumer costs, the […]

Turkiye’s TRT World Forum 2022 to be held on Dec. 9-10

ISTANBUL, Nov 30 (AA/APP):The 6th edition of national Turkish broadcaster TRT’s World Forum to discuss global problems will be held in Istanbul on Dec. 9-10. With the theme “Mapping the Future: Uncertainties, Realities and Opportunities,” the event will bring together experts, academics, journalists, and intellectuals […]

U. S. crude oil inventories down: API

HOUSTAN,Nov 30 (XINHUA/APP):The American Petroleum Institute (API) on Tuesday reported a decrease of 7.85 million barrels of crude oil in U.S. inventories for the week ending Nov. 25. Analysts expected a drop of 2.487 million barrels for this week. The API reported a decline of […]

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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