Pakistan News International

Business & Economy

Lucky Cement awarded environment excellence award 2022

ISLAMABAD, Aug 17 (APP): Lucky Cement Limited (LUCK) won the Environment Excellence Award at the 19th Annual Environment Excellence Awards 2022, organized by The National Forum of Environment and Health (NFEH). Lucky Cement received the award in recognition to its commitment towards sustainable development and […]

IMF sees no economic crisis in Bangladesh amid soaring fuel prices

DHAKA, Aug 17 (XINHUA/APP):The International Monetary Fund (IMF) said that Bangladesh is not at risk of a Sri Lanka-like crisis. Bangladesh’s external position is “very different from several countries in the region,” said Rahul Anand, division chief in the IMF’s Asia and Pacific Department, while […]

Rupee depreciates by 99 paisa against dollar

ISLAMABAD, Aug 17 (APP): Pakistan rupee on Tuesday lost 99 paisa against the US dollar in the interbank trading and closed at Rs 214.88; against the previous day’s closing of Rs 213.89. According to the Forex Association of Pakistan (FAP), the buying and selling rates […]

U.S. stocks end mixed amid economic data

NEW YORK, Aug. 17 (Xinhua/APP) –:U.S. stocks finished mixed on Tuesday as investors digested a slew of economic data. The Dow Jones Industrial Average increased 239.57 points, or 0.71 percent, to 34,152.01. The S&P 500 rose 8.06 points, or 0.19 percent, to 4,305.20. The Nasdaq […]

Recent hike in the price of petroleum products challenged

LAHORE, Aug 16 (Online): Recent hike in the price of petroleum products has been challenged in the court. A miscellaneous petition has been filed through Azhar Siddique advocate taking the plea that increasing the price of petroleum products by government will further boost the inflation. […]

PIAF delegation meets Punjab Governor, stresses consistency in policies

LAHORE, Aug 16 (Online): A high level delegation of Pakistan Industrial & Traders Associations Front (PIAF) in the lead of its Chairman Faheem Ur Rehman Saigol called on Punjab Governor Baligh-ur-Rehman at Governor House here. During the meeting the delegation briefed the governor about the […]

No additional tax imposed on petroleum prices: Miftah

ISLAMABAD, Aug 16 (Online): Finance Minister Miftah Ismail has said the economy is improving and the government’s next target is to control inflation. Addressing a news conference in Islamabad on Tuesday, he said the rupee has continuously been appreciating since the 1st of this month […]

Workers’ remittances record $2.5 bn inflow in July

ISLAMABAD, Aug 16 (APP):Workers’ remittances recorded an inflow of US$2.5 billion during July 2022, continuing their record streak of above $2 billion for the 26 consecutive months, according to a data released by State Bank of Pakistan on Tuesday. In terms of growth, during July […]

PM Shehbaz calls for urgent operationalization of TTA, PTAs with Uzbekistan

ISLAMABAD, AUGUST 15 (Online): Prime Minister Muhammad Shehbaz Sharif has underscored the need for urgently operationalizing the Transit Trade Agreement and Preferential Trade Agreements with Uzbekistan to fully unlock the immense bilateral economic potential. He was talking to Ambassador of Uzbekistan Oybek Usmanov who paid […]

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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