Pakistan News International

Business & Economy

President SCCI calls for removal of hurdles to Pak-Afghan trade

PESHAWAR, Oct 04 (APP):President Sarhad Chamber of Commerce and Industry (SCCI) Muhammad Ishaq Tuesday held a meeting with Afghan Commercial Attaché in Peshawar Waheedullah Himat and highlighted impediments that were hindering mutual Pak-Afghan bilateral trade and called for bilateral agreement to enhance trade volume between […]

Railways dept. plans to procure 25 diesel electric locomotives

ISLAMABAD, Oct 4 (APP): Pakistan Railways was planning to procure as many as 25 diesel electric locomotives for various shunting points across the country which would help to replace outdated locomotives, to be scrapped very soon. The project for the procurement and manufacturing of 25 […]

Porters demand more compensation to abstain starvation

ISLAMABAD, Oct 2 (APP): The porters working at different railway stations across the country have demanded of the government to pay them compensation as the train service suspended due to recent torrential rains and flood. “We are unable to feed our families due to train […]

China certifies homegrown C919 jet to compete with Boeing, Airbus

BEIJING 30 Sep (Online): Chinese regulators have approved the country’s first domestically produced large passenger jet, local media said, with Beijing hoping the plane will challenge foreign models such as the Boeing 737 MAX and Airbus A320. The C919 narrow-body jet, built by state-owned Commercial […]

BOI, JETRO sign MOU to enhance business, investment ties: Salik

ISLAMABAD, Sep 30 (APP): Federal Minister for Board of Investment and Special Initiatives Chaudhry Salik Hussain on Friday said that the MoU between the Board of Investment (BOI) and Japan External Trade Organization (JETRO) would realize the joint vision of enhancing investment cooperation between the […]

Norway accepts European military aid to secure oil sector: PM

Oslo, Sept 30 (AFP/APP): Norway’s prime minister said Friday the country, which has become Europe’s biggest supplier of natural gas, had accepted military contributions from France, Germany and Britain to secure its oil and gas sector. “We are in discussions with our allies to increase […]

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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