Pakistan News International

Business & Economy

Biden says ‘sure’ to see Xi if he joins G20 meeting in Bali

Washington, Sept 6 (AFP/APP): US President Joe Biden on Tuesday said he was “sure” he’d meet Xi Jinping in November if the Chinese leader decides to attend a G20 meeting planned in Indonesia’s resort island of Bali. “If he’s there I’m sure I’ll see him,” […]

Truss named UK leader as embattled Tories urged to unite

London, Sept 5 (AFP/APP): Britain’s new Conservative leader Liz Truss Monday vowed “bold” action to fix the country’s worst economic crisis in decades, as she was confirmed as Prime Minister Boris Johnson’s successor after a gruelling party contest. The foreign secretary resisted pressure for a […]

2022 China Tourism and Culture Week to kick off in Pakistan

Islamabad, 3 September 2022 (Online): China Cultural Center in Pakistan has launched a series of online activities to celebrate the global “2022 China Tourism and Culture Week” in September. The officially launch ceremony of “2022 Chinese Tourism Culture Week” is scheduled to be held in […]

UK MP demands world to cancel Pakistan’s debt

LONDON 02 Sep (Online): United Kingdom‘s member Parliament Claudia Webbe, in view of recent flood devastation and inflation, demanded on Friday that Pakistan’s international debt should immediately be cancelled. Earlier once, she had wrote on her social media that Pakistan is only one percent responsible […]

Govt has 13 montsh but I may not have that much time: Miftah

KARACHI 02 Sep (Online): Miftah Ismail on Friday hinted that his time as finance minister could be cut short, saying that the government has 13 months but he “may not even have that much time”. “I don’t know how long I will stay, but the […]

LHC declares call-up notices by FBR illegal

LAHORE, Sep 02 (APP): The Lahore High Court (LHC) on Friday declared call-up notices, issued by the Federal Board of Revenue (FBR) under the Anti-money Laundering Act, illegal. Justice Shams Mehmood Mirza passed the orders while allowing dozens of petitions filed by SM Group of […]

Govt has made tough decisions in difficult time: Finance Minister

KARACHI, SEP 02 (Online): Finance Minister (FM) Miftah Ismail has said government has made difficult decisions in difficult time. “PTI executed an agreement with IMF and later it breached it, he said this while addressing a seminar here Friday. We should have gone to IMF […]

Weekly inflation goes up by 1.31 percent

ISLAMABAD, Sep 2 (APP):The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on September 1st for the combined consumption group, witnessed an increase of 1.31 percent as compared to the previous week. The SPI for the week under review in the above […]

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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