Pakistan News International

Business & Economy

U.S. dollar dips ahead of key jobs report

NEW YORK, Aug. 5 (Xinhua/APP) –: The U.S. dollar weakened in late trading on Thursday as market participants awaited a highly-anticipated monthly U.S. jobs report. The dollar index, which measures the greenback against six major peers, fell 0.76 percent to 105.6940. In late New York […]

CPEC; 330MW TEL successfully synchronized with National Grid

BEIJING, Aug 4 (APP):The 330MW Thar Energy Limited Power Plant (TEL), a mine-mouth lignite-fired power plant under the China-Pakistan Economic Corridor (CPEC) at Thar Coal Block II, Sindh, was successfully synchronized with the National Grid. The Project is a joint venture among Hub Power Company […]

Tokyo’s Nikkei index closes higher

Tokyo, Aug 4 (AFP/APP): Tokyo’s benchmark Nikkei index closed higher on Thursday with investors emboldened by Wall Street gains and a weaker yen. The Nikkei 225 climbed 0.69 percent, or 190.30 points, to end at 27,932.20, while the broader Topix index was flat at 1,930.73. […]

Islamabad High Court to hear PTI’s plea against resignations’ acceptance today

ISLAMABAD – August 3 (ONLINE) The Islamabad High Court (IHC) will hear Pakistan Tehreek-e-Insaf’s plea challenging the ‘gradual acceptance’ of their resignations today (Thursday). Earlier, the Islamabad High Court (IHC) on Tuesday directed the PTI to remove the objections of Registrar’s Office on party’s petition […]

Finance Minster presides over spectrum auction advisory committee

Islamabad, August 3, 2022 (Online): Federal Minister for Finance and Revenue Miftah Ismail presided over the first meeting of spectrum auction advisory committee for improvement of mobile broadband services in Pakistan at Finance Division today. Minister for Information Technology and Telecom Amin-ul-Haq, Minister of Economic […]

Pak,OPEC -Fund sign financing agreement of US$ 72 million

ISLAMABAD, Aug 03 (APP): The government of Pakistan and OPEC Fund for International Development (OPEC Fund) signed Financing Agreement amounting to US$ 72 million for Mohmand Dam Hydropower Project (MDHP) The OPEC Fund for International Development (OPEC Fund) and the Government of Pakistan signed a […]

National Child Labour Survey serving since March 2019

ISLAMABAD, Aug 03 (APP):A National Child Labour Survey was continuing to serve since March 2019 in collaboration with UNICEF and expected to be completed in December 2022. This was said by an official of National Commission on the Child Rights (NCRC) on Wednesday that the […]

Mongolia’s central bank purchases 9.7 tons of gold

ULAN BATOR, Aug 3 (XINHUA/APP: Mongolia’s central bank said Wednesday that it purchased a total of 9.7 tons of gold from legal entities and individuals in the first seven months of this year. As of July, the bank’s average gold purchase price had been 185,224.93 […]

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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