Pakistan News International

Business & Economy

China’s Two Sessions set to boost Pak-China ties & economic growth

ISLAMABAD, Mar 3 : China’s Two Sessions, the annual gatherings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC), will lay a solid foundation for further strengthening the bilateral relationship between Pakistan and China. This was stated by Muhammad Zamir […]

Gold prices decrease by Rs.2,400 per tola to Rs.306,300

ISLAMABAD, Feb 26 : The price of 24 karat per tola gold decreased by Rs.2,400 and was sold at Rs 306,300 on Wednesday against its sale at Rs308,700 on previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The price of 10 grams […]

PSX, BSE sing MoU to strengthen cooperation

ISLAMABAD, Feb 25 :The Pakistan Stock Exchange (PSX) & Baku Stock Exchange (BSE) signed a Memorandum of Understanding (MOU) in an online ceremony, marking a significant step towards increasing bilateral collaboration between Pakistani and Azerbaijani Capital Markets. The MOU aims to establish robust communication channels […]

Gold price decrease by Rs.2,000 per tola to Rs.307,000

ISLAMABAD, Feb 21 : The price of 24 karat per tola gold decreased by Rs.2,000 and was sold at Rs 307,000 on Friday against its sale at Rs 309,000 on previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The price of 10 […]

Mobile phone imports decreases 12.04% to $868.551 in 7 months

ISLAMABAD, Feb 20 :The import of mobile phones into the country has witnessed a decrease of 12.04 percent during the first seven months of the current fiscal year (2024-25) as compared to the corresponding months of last year. Pakistan imported mobile phones worth US $ […]

Gold up by Rs.3,800 per tola to reach record level of Rs.308,000

ISLAMABAD, Feb 19 :The price of 24 karat per tola gold increased by Rs.3,800 and was sold all time high at Rs 308,000 on Wednesday against its sale at Rs 304,200 on previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The price […]

Pakistani pine nuts exports to China cross $18 million in 2024

BEIJING, Feb 17 :Pakistani pine nut exports to China have surpassed $18.78 million in 2024, according to official data from the General Administration of Customs of the People’s Republic of China (GACC). From January to December 2024, China imported 981.64 tons of pine nuts from […]

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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