Pakistan News International

Business & Economy

Dar holds virtual meeting on Pak-Saudi first Joint Economic Sub Committee

Islamabad, Oct 27 (Online): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held a virtual meeting on First Joint Economic Sub Committee of the Saudi – Pakistan Supreme Coordination Council with HRH Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy Kingdom of […]

US economy grows for first time this year in third quarter

Washington, Oct 27 (AFP/APP):The US economy rebounded in the third quarter, government data showed Thursday, in welcome news for President Joe Biden days before midterm elections, though analysts warn of a gloomier path ahead. Economic issues have become a flashpoint in the United States, with […]

Seeking ‘healthy’ debate, Musk nears Twitter deal finish line

New York, Oct 27 (AFP/APP): Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable “healthy” debate of ideas and counter the tendency of social media to splinter into partisan “echo chambers.” In a message meant to reassure jittery Twitter […]

FBR may extend date for filing returns: Nasir Iqbal

LAHORE, Oct 27 (APP): Federal Board of Revenue (FBR) may consider extending the date of filing of returns to facilitate business community. The tex commissioner can facilitate individual cases under specific reasons. The FBR has developed a strategy to lessen its physical interaction with business […]

Credit Suisse launches radical overhaul to stabilise bank

Zurich, Oct 27 (AFP/APP):Credit Suisse unveiled radical measures Thursday aimed at turning around the beleaguered bank following huge third quarter losses, including revamping its investment banking, slashing 9,000 jobs and a capital injection from the Saudi National Bank. Switzerland’s second-biggest bank launched a new strategy […]

FFC Announces Third Quarterly Results for Year 2022

  Rawalpindi (PNI) Fauji Fertilizer Company Limited (FFC) has announced its financial results for the period ended September 30, 2022 in its Board of Directors’ meeting held on October 26, 2022. Company’s Sona urea production of 1,808 thousand tonnes was 3% lower than last year […]

NHC approves award of Sukkur- Hyderabad Motorway (M-6)

Islamabad, October 19, 2022 (Online): Federal Minister for Communications and Postal Services Mr. Asad Mahmood presided over the meeting of National Highway Council-Supreme body of National Highway Authority, held at Ministry of Communications here today, in which approval was granted to award the construction of […]

Tunisian bakers strike over unpaid subsidies

Tunis, Oct 19 (AFP/APP): Thousands of Tunisian bakers staged a strike Wednesday to demand that the state pay up overdue subsidies, but suspended the action in the evening after reaching a deal with the government. The national bakery owners’ union said some 3,200 of their […]

Amazon workers reject union in latest US warehouse vote

New York, Oct 18 (AFP/APP):Workers at an Amazon warehouse near Albany voted decisively against establishing a union, US officials announced Tuesday, dealing a setback to the fledgling labor drive at the e-commerce behemoth. The tally was 406 against Amazon Labor Union’s (ALU) proposal and 206 […]

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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