Pakistan News International

Business & Economy

Twitter ex-security chief in Congress as shareholders back Musk buyout

Washington, Sept 13 (AFP/APP): Twitter whistleblower Peiter Zatko told the US Congress Tuesday that the platform ignored his security concerns, with his testimony coming as company shareholders greenlit Elon Musk’s $44 billion takeover deal. The shareholder decision clears the way for the contract to close, […]

Center, Punjab head to head over wheat shortage

ISLAMABAD / LAHORE – September 13 (ONLINE) Differences have erupted between PTI’s Punjab government and PML-N lead Federal government as wheat shortage mounts, Online has learnt. Punjab Chief Minister Chaudhry Parvez Elahi has written a ‘protest letter’ to the federal government amidst non-availability of wheat, […]

Sindh: Govt inflated wheat cause costly flour

KARACHI 13 Sep (Online): Government increase in price of wheat to flour mills caused the pricy flour to burden the citizens. According to market sources, wheat prices reached to 3200 to 3600. Punjab government bearing huge subsidies to provide cheap wheat to people while the […]

Shipping activity at Port Qasim

KARACHI, Sep 13 (APP):Five ships namely, Rosa, MSC Caledonia, Hafnia Andesine, TRF Kashima and Milaha Qatar, carrying Containers, Palm oil, Acetic Acid and LNG, berthed at Qasim International Container Terminal, Liquid Cargo Terminal, EngroVopak Terminal and EngroElengy Terminal respectively on Monday. Meanwhile five more ships, […]

Scholz wants power market reform in place ‘this winter’

Berlin, Sept 13 (AFP/APP): German Chancellor Olaf Scholz said Tuesday he wanted to hurry through reforms to the electricity market to ease the pressure on consumers and businesses ahead of the coming European winter. Russia has dwindled supplies of gas to Europe following the invasion […]

Farmers advised to start gram cultivation

FAISALABAD, Sep 11 (APP): Agriculture experts have advised the farmers to immediately start cultivation of grams from mid of September and get maximum production. A spokesman for the agriculture department said here on Sunday that the time from mid September to end of November was […]

Pak-India Business Council urges Pakistan, India to open trade

LAHORE, Sep 11 (APP): Pak-India Business Council (PIBC) Chairman Noor Muhammad Kasuri has called upon the governments of Pakistan and India to open trade for benefit of peoples of neighboring countries. Talking to APP here on Sunday, he said that volume of trade between China […]

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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