Pakistan News International

Business & Economy

Iranian delegation meets counterparts at LCCI

Lahore, August 23 (Online): Consul General of Iran Muhammad Reza Naziri has said that the Iranian market has a great potential for Pakistan’s food, dairy, construction and various other sectors. Private sector of Pakistan should come forward and avail this opportunity through joint ventures with […]

Prime Minister’s Meeting with Qatar Investment Authority

Islamabad, August 23, 2022 (Online): Prime Minister Muhammad Shehbaz Sharif met with a delegation of the Qatar Investment Authority (QIA) in Doha today. Qatar Investment Authority is one of the largest sovereign wealth funds of the world. H.E. Mansoor Bin Ebrahim AL-Mahmoud, CEO, and H.E. […]

Govt’s decision for advance tax on tobacco industry criticized

MARDAN – August 21 (ONLINE) Provincial president of Anjuman-e-Huqooq -e- Tahafuz Kashtkaran (AHTK) Namat Shah Roghani on Sunday strongly condemned Federal Finance Minister Miftah Ismail’s decision on advance tax on tobacco, saying that “it is a conspiracy of multinational tobacco companies”. While talking to the […]

PIDE forms Power Commission to find solution of long standing energy problems

ISLAMABAD, Aug 21 (APP):The Pakistan Institute of Development Economics (PIDE), under the guidance of its Vice-Chancellor Dr. Nadeem ul Haque has formed a 善IDE Power Commission’ to research and find out solutions to the long standing energy sector problems. The commission comprises power sector experts […]

India ‘resilient’ to US pressures amidst Russian trade

NEW DELHI – August 19 (ONLINE) ‘Rejecting’ the American pressure, India has expressed its determination to import oil and fertilizers from Russia at cheap prices and to continue buying in the future, media reported Friday. According to a news agency, spokesperson of the US State […]

Germany’s Scholz denies influence in tax fraud probe

Hamburg, Aug 19 (AFP/APP): German Chancellor Olaf Scholz said on Friday he believed he had been exonerated after being grilled by a committee on his potential role in a huge tax fraud scam that cost the government billions. Scholz had testified for the second time […]

Singapore’s NODX grows by 7 pct on year in July

SINGAPORE, Aug. 17 (Xinhua/APP): Singapore’s non-oil domestic exports (NODX) rose by 7 percent year on year in July, following a revised 8.5 percent growth in June, Enterprise Singapore, a government agency, reported on Wednesday. It is the 20th consecutive month for Singapore’s NODX to grow […]

Corn experts in China expecting cooperation under CPEC

BEIJING, Aug 17 (APP): China’s 70% of corn imports come from the United States and 29% from Ukraine but China’s demand for corn imports is gradually expanding amidst global political and social upheavals. In June this year, water-logging jeopardized maize yields in China’s north east […]

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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