Pakistan News International

Business & Economy

Swiss court backs Lindt in chocolate bunny bust-up

Zurich, Sept 29 (AFP/APP): Swiss luxury chocolatier Lindt & Sprungli has won its case against the local branch of budget supermarket chain Lidl over its similar-looking Easter bunnies, according to a court decision published Thursday. The Federal Supreme Court of Switzerland ruled that Lindt’s chocolate […]

BoE intervenes as IMF criticises UK budget

London, Sept 28 (AFP/APP): The Bank of England stepped in Wednesday to shore up market confidence after the International Monetary Fund criticized Britain’s inflation-fighting budget. Reacting to markets turmoil, the BoE announced it was temporarily buying up long-dated UK government bonds “to restore orderly market […]

FFC Wins Best Corporate and Sustainability Report Award for Year – 2021

Rawalpindi (PNI) Fauji Fertilizer Company Limited once again secured top ranking in the ‘Best Corporate and Sustainability Reports for the Year – 2021’ maintaining its traditional corporate excellence. In recognition of transparent reporting, good governance practices and to promote integrated thinking within the organization considering […]

FBR enable refund adjustment tab in return forms

ISLAMABAD, Sep 27 (APP): Federal Board of Revenue (FBR) has enabled refund adjustment tab in the return forms for facilitation of taxpayers while filing Tax Returns for the Year, 2022. Federal Board of Revenue has received a number of representations from various Tax bars, businesses […]

Denmark reports hazardous gas leak near Nord Stream 2 pipeline

Frankfurt, Sept 26 (AFP/APP):Denmark’s maritime traffic agency on Monday reported a “dangerous” gas leak in the Baltic Sea close to the route of the inactive Nord Stream 2 pipeline, which experienced an unexplained drop in pressure. The leak, southeast of the Danish island of Bornholm, […]

UK’s new PM under fire as pound sinks and BoE sounds alarm

London, Sept 26 (AFP/APP):The government of new British Prime Minister Liz Truss on Monday came under pressure after the pound hit a record low against the dollar following a huge tax-cutting budget last week. In a rare statement issued between its rate-setting meetings, the Bank […]

Meeting at Pakistan Railways Headquarters reviews development works

LAHORE, Sep 26 (APP): A meeting was held at Pakistan Railways Headquarters on Monday in which briefing was given on first quarter of 2022-23 development works. According to official sources here, the meeting was presided over by Railways Minister Khawaja Saad Rafique. Meeting held a […]

SBP urged to expedite import payments’ process

LAHORE, Sep 25 (APP): Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Sunday demanded to the State Bank of Pakistan (SBP) to expedite the process of import payments to avoid disruptions in industrial production. FPCCI President Irfan Iqbal Sheikh and Regional Chairman Muhammad Nadeem […]

Miftah Ismail resigns; Dar to replace him

ISLAMABAD, Sep 25 (APP): Federal Minister for Finance and Revenue Miftah Ismail on Sunday tendered his resignation to Pakistan Muslim League-Nawaz (PML-N) supremo Muhammad Nawaz Sharif in a party meeting held in London. Senior PML-N leader Ishaq Dar would replace Miftah as new finance minister. […]

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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