Pakistan News International

Business & Economy

China’s benchmark interbank gold prices lower Friday

BEIJING, Sep 16 (XINHUA/APP): China’s benchmark prices for spot interbank gold transactions were lower Friday, according to the China Foreign Exchange Trade System. The benchmark price for gold of 99.95 percent pure or above stood at 386.03 yuan (about 56 U.S. dollars) per gram, down […]

IMF compelled us to nuzzle our nose: PM Shehbaz

ISLAMABAD 14 Sep (Online): Prime Minister Shehbaz Sharif said that the government has beard the result of agreement breached by former government and International Monetary Fund compelled us to nuzzle our nose. Incumbent government saved country from default. He said that there is no doubt […]

Shares in Chinese conglomerate Fosun dive on report of watchdog scrutiny

Hong Kong, Sept 14 (AFP/APP): Club Med owner Fosun, one of China’s largest private-sector conglomerates, saw billions wiped off its value on Wednesday as jittery investors reacted to a media report that the group was under regulatory scrutiny. There has been growing concern about the […]

EU plans to cut energy bills

Brussels, Sept 14 (AFP/APP): The European Commission on Wednesday set out proposals to bring down the soaring price of gas and electricity in the EU, notably by taxing excess profits of power producers. EU energy ministers are to review the plans in an extraordinary meeting […]

Govt urged for working out package of incentives for flood hit farmers

ISLAMABAD, Sep 14 (APP): The government on Wednesday was urged to work out result oriented packages of incentives to hard hit flood affected farmers to avert impending hovering food crisis as well as revival of local agriculture sector. Talking to a delegation of flood affected […]

Europe’s battle with Big Tech: billions in fines and tough laws

Luxembourg, Sept 14 (AFP/APP): The European Union is on a mission to rein in US tech giants, which have been accused of tax avoidance, stifling competition, raking in billions from news without paying for it and spreading misinformation. In the past few years, the EU […]

Pharma companies urged to supply medicine at low cost

KARACHI, Sep 13 (APP):Sindh Minister for Labour and Human Resource Saeed Ghani on Tuesday said the pharmaceutical sector could play a crucial role in post flood situation by supplying low-cost medicine. For this purpose, he assured to extend maximum facilities to the local pharmaceutical producers. […]

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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