Pakistan News International

Business & Economy

Automakers fear major dent in rural sales ‘due to floods’

KARACHI 28 Aug (Online): After depressed sales in July, auto assemblers paint a gloomy demand scenario in the coming months due to flash floods in various rural parts of the country that have destroyed standing crops and homes of growers. A sizable volume of motorbikes […]

Floods cause huge surge in fruit, vegetable prices in Punjab

LAHORE 28 Aug (Online): Vegetables, fruits and other eateries prices have massively been surged in Lahore and other parts of the province which are expected to rise further in the coming days due to short supply in markets and destruction of the crops by the […]

Seminar held on ‘Online Business for Beginners’

SIALKOT, Aug 28 (APP): Sialkot Chamber of Commerce & Industry (SCCI) organized an inclusive seminar on “Online Business for Beginners”. Chairman SCCI Departmental Committee on SMEs Fizan Akbar gave a brief presentation on the benefits of working with Original Equipment Manufacturing (OEM)/Original Design Manufacturing (ODM) […]

ASEAN a symbol of shared property for world: Ambassador Phong

ISLAMABAD, Aug 28 (APP):Chairman ASEAN Committee Islamabad (ACI) Ambassador Nguyen Tien Phong on Sunday said that ASEAN is a symbol of shared property and economic development for the whole world including Pakistan, which is a catalyst in global economy and trade. The Association of SouthEast […]

Railways planning to upgrade five major Railway Stations

ISLAMABAD, Aug 28 (APP): Pakistan Railways was planning to upgrade five major Railway stations across the country on modern lines to facilitate the passengers as well as help the department to generate more revenue. “The purpose to upgrade the railway stations is to make them […]

China’s printer shipments increase in Q2: report

ISLAMABAD, Aug 28 (APP):China’s printer market reported growth in shipments in the second quarter of the year amid rising demand, an industrial report showed. During the period, the shipment of printers in China topped 4.84 million units, up 1 percent year on year, data from […]

Dozens of flights cancelled in Portugal, Spain due to strikes

Lisbon, Aug 26 (AFP/APP): Nearly 180 flights in Portugal and Spain have been cancelled because of strikes by cabin crew and baggage handlers, airlines and airport officials said Friday, leading to further disruption in the busy summer season. Portugal’s airport operator ANA said almost 150 […]

Total Energies to sell stake in war-linked Russian gas field

Paris, Aug 26 (AFP/APP):French energy firm TotalEnergies said Friday it was divesting its stake in a Russian gas field that was reported this week to be providing fuel that ends up in Russian fighter jets. The company said that it had signed a deal on […]

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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