Pakistan News International

Business & Economy

China’s central bank adds liquidity via reverse repos

BEIJING, Aug 1 (XINHUA/APP): China’s central bank Monday conducted 2 billion yuan (about 296.44 million U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People’s Bank […]

Indonesia records highest inflation in 7 years in July

JAKARTA, Aug 1 (XINHUA/APP): Indonesia’s inflation in July reached 4.94 percent, the highest in seven years and exceeding the central bank’s target range, the Statistics Indonesia (BPS) said on Monday. “This is the highest inflation since October 2015 which reached 6.25 percent year-on-year,” BPS head […]

Japan’s ANA books profit in April-June quarter on recovering demand

TOKYO, Aug 1 (XINHUA/APP):Japan’s ANA Holdings Inc. said Monday it booked a profit for the first time in three years in the April-June quarter owing to an uptick in patronage amid the waning downside effects of the COVID-19 pandemic. ANA Holdings Inc., parent company of […]

Elon Musk files countersuit under seal vs Twitter over $44 billion deal

WILMINGTON – July 31 (ONLINE) Elon Musk countersued Twitter Inc (TWTR.N) on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase, although the lawsuit was filed confidentially. While the 164-page document was not […]

Miftah predicts ‘Rupee comeback’ within next two weeks

ISLAMABAD – July 31 (ONLINE) Finance Minister Miftah Ismail on Sunday voiced optimism that the pressure on the rupee, which has seen a sharp drop against the dollar in recent weeks, would ease within the next two weeks. Addressing a news conference along with Coordinator […]

Crypto clients beg for their cash back after lender’s crash

Washington, July 31 (AFP/APP):An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow’s lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back. Hundreds of letters have poured in to the […]

China to organize extensive course on BRI Progress for Pakistan

BEIJING, July 31 (APP):The International Cooperation Centre (ICC) of China National Development and Reform Commission will organise an extensive course on BRI Progress for Pakistan from August 3 to August 23. As many as 25 government officials, scholars and businessmen will take part in the […]

FFC Announces Financial Results upto June 30, 2022

Rawalpindi (PNI) Fauji Fertilizer Company Limited (FFC) has announced its half yearly financial results for the period ended June 30, 2022 in its Board of Directors’ meeting held on July 28, 2022. FFC attained Urea production of 1,276 thousand tonnes, 4% higher than last year […]

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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