Pakistan News International

Business & Economy

China’s overnight Shibor interbank rate increases Friday

BEIJING, Aug. 26 (Xinhua/APP): The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, increased 10.5 basis points to 1.258 percent Friday. The seven-day rate rose 23 basis points to 1.745 percent, the one-month rate went up 0.5 basis […]

IMF to release tranche on Monday after board meeting: Miftah

ISLAMABAD, Aug 26 (APP): Minister for Finance and Revenue Miftah Ismail Friday said the International Monetary Fund (IMF) would release the tranche (worth US$1.17 bn) to Pakistan after its board meeting on Monday. Addressing a press conference here, the minister said Pakistan had already fulfilled […]

SNGPL’S CORPORATE BRIEFING SESSION HELD AT PAKISTAN STOCK EXCHANGE

Lahore (PNI) Corporate Briefing session of Sui Northern Gas Pipelines Limited (SNGPL) was held on Friday, 26th August 2022 at Pakistan Stock Exchange, Karachi. Managing Director Sui Northern Gas Pipelines Limited (SNGPL) Ali J. Hamdani briefed the analysts, investors and shareholders about the Company’s performance […]

Pakistan to join South and Southeast Asia Mango Network

BEIJING, Aug 26 (APP): In an aim to boost mango quality and rev up the mango industry, the Pakistan Agricultural Research Council (PARC) will join the South and Southeast Asia Mango Network (SSAMN) at the first annual meeting of SSAMN to be held in Kunming, […]

Princess of Jordon calls on Finance Minister

Islamabad: August 25, 2022 (Online): Princess of Jordon H.R.H. Sarah Zeid Raád- World Food Programme (WFP), Special Advisor on Maternal & Child Health and Nutrition called on Federal Minister for Finance and Revenue Mr. Miftah Ismail at Finance Division, today. Mr. Chris Kaye, Representative and […]

Miftah meets ADB Officials

Islamabad: August 25, 2022 (Online): Federal Minister for Finance and Revenue Mr. Miftah Ismail held a meeting with delegation of Asian Development Bank (ADB) headed by Country Director Mr. Yong Ye at Finance Division, today. Minister of State for Finance and Revenue Dr. Aisha Ghous […]

Fauji Fertilizer Company Undertakes Flood Relief Assistance in Ghotki, Sindh

Rawalpindi (PNI) Fauji Fertilizer Company (FFC) being a nationalistic business enterprise has always been at the forefront of community service in distressed times. Owing to prevailing devastation in the country due to excessive rain spells causing floods, the Company has commenced its humble flood relief […]

PTA Consumer Conference 2022 Held

Islamabad, August 25, 2022 (Online): Pakistan Telecommunication Authority (PTA) organized Consumer Conference 2022 with the theme “Consumers First” today. Head of the Prime Minister’s Strategic Reforms, Mr. Salman Sufi was the chief guest on this occasion. CEO USF Pakistan, representatives of IT & telecom industry, […]

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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