Pakistan News International

Business & Economy

US wholesale price inflation slows in October

Washington, Nov 15 (AFP/APP):US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to official data Tuesday which will add to rising hopes that inflation has peaked. President Joe Biden cheered the news, which came on […]

ICCI plans to set up TV channel for business promotion

ISLAMABAD, Nov 15 (APP):President, Islamabad Chamber of Commerce and Industry Ahsan Zafar Bakhtawari on Tuesday said that ICCI plans to establish its own radio station and TV channel to highlight the business and investment opportunities in Pakistan’s economy. He expressed these views while talking to […]

Fed vice chair says ‘appropriate soon’ to slow rate hikes

Washington, Nov 14 (AFP/APP):It likely will be “appropriate soon” for the US central bank to slow the pace of interest rate increases, Federal Reserve Vice Chair Lael Brainard said Monday. Her comments came as red-hot consumer prices, which have squeezed American households, showed signs of […]

Govt urges finance exporters to participate in int’l exhibitions

LAHORE 13 Nov (Online): Pakistan Carpet Manufacturers and Exporters Association (PCMAEA) Vice Chairman Usman Ashraf Sunday said that Pakistan needs to participate in international exhibitions such as “Domotax” to increase the volume of exports through effective marketing of its products. Due to unfavorable conditions, exporters […]

Azerbaijan keen to enhance bilateral trade with Pakistan: Envoy

ISLAMABAD, NOV 12 (Online): Ambassador of Azerbaijan Khazar Farhadov says Pakistan, Azerbaijan and Turkiye have good potential to develop an economic block to achieve better outcomes for their respective economies. Addressing the business community during his visit to Islamabad Chamber of Commerce and Industry, he […]

UN chief upholds importance of a single global economy

UNITED NATIONS, Nov 12 (APP):Amid geopolitical divides threatening to spark new conflicts and make older ones harder to resolve, the global economy cannot afford to be split into two opposing camps, UN Secretary-General Antonio Guterres said Phnom Penh, Cambodia, on Saturday. Mr. Guterres was speaking […]

Senate body on Finance, Revenue meets

Islamabad, Nov 11 (Online): The meeting of the Standing Committee on Finance and Revenue was held on Friday at Parliament House. Chaired by Senator SaleemMandviwala, the meeting was attended by Senator Mohsin Aziz, Senator Kamil Ali Agha, Senator Dilawar Khan, Senator Faisal SaleemRehman, Senator Hidayatullah […]

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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