Pakistan News International

Business & Economy

Chairman NADRA opens facilitation centre at RCCI

RAWALPINDI, Sep 11 (APP): Chairman of National Database and Registration Authority (NADRA) Tariq Malik inaugurated the first-ever NADRA facilitation Desk for the business community at the Rawalpindi Chamber of Commerce and Industry (RCCI). According to a statement here Sunday, speaking on the occasion, Chairman NADRA […]

Spices export decreases 10% in July

ISLAMABAD, Sep 11 (APP):The exports of spices from the country witnessed a decrease of 10.61 percent during the first month of current fiscal year (2022-23) as compared to the corresponding period of last year. Pakistan exported spices worth US $5.090 million during July 2022 as […]

Economy continues to face serious dollar crisis despite IMF program

LAHORE, Sep 10 (ONLINE): Despite the resumption of the IMF program, the country is still suffering from serious dollar shortage crisis, as the rupee has cumulatively fallen by more than 4 percent against the greenback during this week, aggravating macroeconomic indicators amidst catastrophic flooding in […]

Rupee continues downward trend, falls by Rs2.76 in interbank

ISLAMABAD 09 Sep (Online): The rupee, which has been declining for nearly a week, fell by Rs2.76 against the dollar in the interbank market on Friday. The PKR closed at Rs228.18 per dollar, depreciating 1.21 per cent from yesterday’s close. Mettis Global Director Saad bin […]

Inflation eases from 45.5pc to 42.7 this week

ISLAMABAD 09 Sep (Online): Inflation measured by the Sensitive Price Index (SPI) clocked in at 42.7 per cent year-on-year (YoY) for the week that ended on September 8, data shared by the Pakistan Bureau of Statistics (PBS) showed on Friday. Inflation in the preceding week […]

FFC Wins the Prestigious ‘Company of the Year Award’

Rawalpindi (PNI) Fauji Fertilizer Company Limited (FFCL) has been conferred ‘Company of the Year Award’ by Rawalpindi Chamber of Commerce & Industry (RCCI) in recognition of Company’s dedication, devotion, commitment and exemplary business performance during Year 2021. RCCI held its 34th RCCI International Achievement Awards […]

Inflation, electricity bills to scale down in October: Miftah Ismail

ISLAMABAD, Sep 07 (Online): Finance Minister (FM) Miftah Ismail has said inflation and electricity bills will go down in the month of October. “We had to take difficult decisions to save the country from becoming bankrupt. Now the economy is heading towards right direction. Bringing […]

Putin says Ukraine grain deal mostly helping rich EU

Moscow, Sept 7 (AFP/APP): Russian President Vladimir Putin said Wednesday that “almost all” the Ukrainian grain shipped under a UN-backed deal to ease a global food crisis was reaching rich European nations and accused the West of deceiving developing countries. Data compiled by a joint […]

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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