Pakistan News International

Business & Economy

Pakistan, Azerbaijan reaffirm commitment to strengthen bilateral trade ties

ISLAMABAD, Apr 08 : Prime Minister Shehbaz Sharif on Tuesday met with the Azerbaijan Minister of Economy Mikayil Jabbarov, along with his delegation, where the two sides agreed to further strengthen cooperation in sectors such as minerals and mining, oil exploration, renewable energy, information technology, […]

Azerbaijan’s Economy Minister due in Islamabad on Tuesday

ISLAMABAD, Apr 07 : The Minister of Economy of Azerbaijan, Mikayil Jabbarov will visit Pakistan on Tuesday to finalize the Memorandum of Understanding and agreements on the investment projects. During his visit, Jabbarov will call on Prime Minister Shehbaz Sharif, according to a Foreign Office […]

Pakistani food exporters secure key deals in Saudi Arabia

LAHORE, Mar 26 :A delegation of Pakistani food exporters returned to Pakistan on Wednesday after a successful month-long visit to Saudi Arabia, where they explored new export opportunities and strengthened trade ties. In a statement, delegation leader and Coordinator to the Federal Tax Ombudsman Saif […]

SBP announces Eid-ul-Fitr holidays from March 31 to April 2

KARACHI, Mar 21 :The State Bank of Pakistan (SBP), Friday, announced Eid-ul-Fitr holidays for the banking and financial sectors from March 31 to April 02, 2025. “The State Bank of Pakistan will remain closed from 31st March to 2nd April, 2025 (Monday to Wednesday) being […]

ECC approves Rs.2.7bln TSGs

ISLAMABAD, Mar 21 :The Economic Coordination Committee (ECC) of the Cabinet here on Friday approved Technical Supplementary Grants (TSGs) of around Rs.2.7 billion, including Rs2 billion for Ministry of Information and Broadcasting. The ECC meeting was chaired by Federal Minister for Finance and Revenue, Senator […]

Export of footwear increases 15.48% in 8 months

ISLAMABAD, Mar 20 :The export of footwear from the country witnessed an increase of 15.48 percent during the first eight months of the current fiscal year (2024-25) as compared to the exports of the corresponding months of last year. The country exported footwear worth US$ […]

US, China and UK top 3 destinations of Pakistani exports in 8 months

ISLAMABAD, Mar 19 :The United States (US) remained the top export destination of Pakistani products during the first eight months of the current fiscal year 2024-25, followed by China and the United Kingdom (UK). Total exports to the US during July-February 2024-25 were recorded at […]

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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