Pakistan News International

Business & Economy

China’s advertisement industry logs robust growth in 2021

BEIJING, Aug 3 (XINHUA/APP): China’s advertisement industry registered rapid expansion in 2021, data from the State Administration for Market Regulation shows. The combined business revenues of major companies and public institutions in the sector surged 20 percent year on year to approximately 1.18 trillion yuan […]

PSX stays bullish by gaining 877 points

ISLAMABAD, Aug 3 (APP):The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with stayed bullish trend on Wednesday, gaining 877.26 points, a positive change of 2.18 percent, closing at 41,068.87 points against 40,191.61 points on the last working day. A total of 333,028,028 shares […]

Dutch farmer protests reap populist support

Barneveld, Netherlands, Aug 3 (AFP/APP): Dutch farmers’ rowdy protests against government climate plans have caused a stir at home and abroad, with populists worldwide jumping on the bandwagon and even former US president Donald Trump backing them. “We take all the support that we can […]

Agriculture machinery valuing $112.025 million imported in FY2021

ISLAMABAD, Aug 2 (APP): The imports of agriculture machinery and implements into the country during financial year ended on June 30,2022 witnessed about 18.32 percent increase as against the imports of the corresponding period of last year. During the period from July-June 2021-22, agriculture machinery […]

Cambodia’s oil products import up 25 pct in H1

PHNOM PENH, Aug. 2 (Xinhua/APP):– Cambodia imported oil products worth 1.91 billion U.S. dollars in the first half of 2022, up 25 percent from 1.52 billion dollars over the same period last year, according to a report from the General Department of Customs and Excise. […]

Sialkot, a pride of Pakistan: SVP SCCI

SIALKOT, Aug 02 (APP): Sialkot city is a pride of Pakistan as it is an important economic hub and the only export-oriented city of the country. This was stated by Senior Vice President (SVP) Sialkot Chamber of Commerce and Industry (SCCI) Sheikh Zohaib Rafique Sethi […]

British PM candidate Sunak vows 20% income tax cut by 2029

LONDON – August 1 (ONLINE) Rishi Sunak, trailing in the race to become Britain’s next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029 in a potentially make-or-break throw of the dice by the former finance minister. Sunak, […]

OPEC+ faces output decision after Biden’s Saudi trip

London, Aug 1 (AFP/APP): The OPEC+ group of oil exporters meets Wednesday to discuss another output increase, weeks after US President Joe Biden sought to persuade Saudi Arabia to boost production during a controversial visit to the country. The White House has been pressing the […]

Malaysia’s manufacturing PMI rises to 50.6 in July

KUALA LUMPUR, Aug 1 (XINHUA/APP): Malaysia’s manufacturing Purchasing Managers Index (PMI) rose to 50.6 in July from 50.4 in June, showing improvement in the manufacturing sector’s conditions, S&P Global said on Monday. The latest reading pointed to a marginal improvement in the health of the […]

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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