Pakistan News International

Business & Economy

SBP increases policy rate to 16 pc

ISLAMABAD – November 25 (ONLINE) State Bank of Pakistan (SBP) on Friday announced the interest rate has been increased by 100 basis points (bps) to 16 per cent to curb inflation. After a meeting of its Monetary Policy Committee (MPC), the SBP announced on Friday […]

Cement export increases 1.25% to $66.270 mln in 4 months

ISLAMABAD, Nov 22 (APP):The exports of cement witnessed an increase of 1.25 percent during the first four months of the financial year 2022-23, as against the exports of the corresponding period of last year. The cement exports from the country were recorded at US $66.270 […]

Investor Awareness Session Held at FFC by PSX

Rawalpindi (PNI) Pakistan Stock Exchange (PSX) conducted an Investor Awareness Session at Fauji Fertilizer Company Limited (FFC) Head Office, Sona Tower Rawalpindi for its employees. Ms. Raeda Latif, Chief Marketing and Business Development Officer covered aspects of mutual interests like investment in stock market, financial […]

Egg shortage lays UK low

London, Nov 18 (AFP/APP):A “full English breakfast” is not full without eggs. Whether fried or scrambled, they round out the calorific mainstay of traditional British cafes. But on top of inflationary pressures which have sent the price of ingredients soaring — including bacon, sausages and […]

US launches initiative to enhance U.S.-Pakistan bilateral trade

Islamabad, November 16, 2022 (Online): Observing the Global Entrepreneurship Week, U.S. Ambassador Donald Blome, joined by the Minister of State for Finance and Revenue, Dr. Ayesha Ghaus Pasha, formally launched a United States government-led initiative to enhance U.S.- Pakistan bilateral trade. The United States has […]

In US trial, Musk defends his $50 bn pay deal at Tesla

Wilmington, United States, Nov 16 (AFP/APP):Tesla tycoon Elon Musk on Wednesday defended his $50 billion pay package as CEO of the electric vehicle giant, arguing that the pioneering company was on the verge of collapse when the deal was agreed. Musk is being sued, along […]

FFC holds Third Corporate Briefing for the Year 2022

Rawalpindi (PNI) Fauji Fertilizer Company (FFC), held its Third Corporate Briefing for the year 2022, in collaboration with Khadim Ali Shah Bukhari Securities (Pvt) Ltd. as part of its best corporate governance practices. FFC has been recognized by Pakistan Stock Exchange (PSX) as first amongst […]

LHC orders suitable amendments in Income Tax Ordinance 2001

LAHORE, Nov 15 (APP):The Lahore High Court (LHC) has ordered suitable amendments in Income Tax Ordinance 2001 after holding that it was unconstitutional to collect an unadjustable advance income tax from a person who was not liable to pay income tax or file income tax […]

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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