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Business & Economy

Rupee gains strength at interbank market

ISLAMABAD – August 11 (ONLINE) Rupee, which has been consistently recovering after falling to a record low last month, continued its upward momentum on Thursday. The local currency closed at Rs218.88 against the dollar in the interbank market, up Rs3.03 or 1.38 per cent, according […]

Hina Rabbani Khar chairs meeting of FATF Coordination Committee

ISLAMABAD, Aug 11 (APP): Minister of State for Foreign Affairs Hina Rabbani Khar chaired a meeting of the National Financial Action Task Force (FATF) Coordination Committee here at the Ministry of Foreign Affairs on Thursday. The Minister of State was given detailed briefings on the […]

Ethiopia starts power generation from second turbine at mega-dam

Addis Ababa, Aug 11 (AFP/APP): Ethiopia kickstarted electricity production from the second turbine at its controversial mega-dam on the Blue Nile on Thursday, despite continuing objections by Egypt and Sudan over the project. Prime Minister Abiy Ahmed also confirmed that a third filling of the […]

FBR decides to launch action against more than 100 big retailers

ISLAMABAD, August 06 (Online): Federal Board of Revenue (FBR) has decided to take action against over 100 big retailers in the country. According to FBR, the process of import consignment clearance has been started at ship yards and custom stations. The FBR while seeking report […]

Finance Minister launches digital Mutual Fund aggregator

KARACHI, August 5 (Online): As a landmark, and first of its kind, initiative in Pakistan’s capital market landscape, Pakistan’s first digital aggregator platform for mutual funds – “Emlaak Financials” – was formally inaugurated by Honorable Federal Minister for Finance and Revenue Dr. Miftah Ismail, today […]

WB to start 2 energy projects in KP

PESHAWAR, August 05 (ONLINE): The World Bank will start 2 hydropower projects of 245 megawatts in Swat district this year, the completion of which will generate an annual income of more than 13 billion rupees to the province. In this regard, the World Bank Mission […]

Summary on supply of milling wheat from Russia submitted to ECC

ISLAMABAD, Aug 5 (APP):Ministry of National Food Security and Research (NFS&R) submitted a summary on supply of milling wheat from Russia on G2G basis to the Economic Coordination Committee (ECC) of the Cabinet here Friday. The committee which met with Federal Minister for Finance and […]

Pakistan, Denmark discuss Inter-Governmental Framework Agreement

ISLAMABAD, Aug 05 (APP): Ambassador of Denmark to Pakistan Lis Rosenholm called on Federal Minister for Economic Affairs Sardar Ayaz Sadiq in his office on Friday. The Inter-Governmental Framework Agreement between Denmark and Pakistan and matters of mutual interest were discussed in the meeting, said […]

Burkina attacks kill 12 security personnel

Ouagadougou, Aug 5 (AFP/APP): Suspected militants in northern Burkina Faso have killed three soldiers and nine civilian auxiliaries, local and security sources said on Friday. The twin attacks were carried out on Thursday in Bourzanga district, a security source and an official with the VDP […]

OGDCL extends Rs20 mln assistance for flood-affected people of Balochistan

ISLAMABAD, Aug 5 (APP):The Oil and Gas Development Company (OGDCL) has provided Rs 20 million as relief assistance to reduce the suffering of flood-affected people of Balochistan, caused by recent torrential rains in the province. “Continuing the legacy of extending help in emergencies, natural catastrophes […]

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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