Pakistan News International

Business & Economy

China’s manufacturing sector sees increase in R&D investment in 2012-2021

BEIJING, July 26 (Xinhua) APP):China’s manufacturing sector saw an increase in research and development (R&D) investment during the 2012-2021 period, the Ministry of Industry and Information Technology (MIIT) said Tuesday. Investment in the sector’s R&D rose from 0.85 percent in 2012 to 1.54 percent in […]

Chinese shares higher at midday Tuesday

BEIJING,July 26 (Xinhua/APP): China’s major stock indices ended higher in the morning session Tuesday, with the benchmark Shanghai Composite Index up 0.81 percent at 3,276.71 points. The Shenzhen Component Index gained 1.07 percent to 12,423.02 points at midday. […]

Official foreign exchange rates in Georgia

TBILISI, July 26 (Xinhua/APP) –:The following are official foreign exchange rates against Lari released by the National Bank of Georgia, the country’s central bank, on Tuesday. Currency Unit Averaged U.S.dollar 1 2.7917 Euro 1 2.8534 British pound 1 3.3606 Japanese Yen 100 2.0466 Russian Ruble […]

Pakistan in well-placed position to facilitate SCO members: Zhang Ming

BEIJING, July 24 (APP): Pakistan is well placed position for facilitating the Shanghai Cooperation Organization (SCO) members in improving regional connectivity as the Central Asia countries are land-locked, and Pakistan is ideally located to provide shorter sea access to these countries, Secretary General of SCO […]

Volkswagen to change CEO and style with departure of Diess

Frankfurt, July 22 (AFP/APP): Volkswagen unexpectedly announced Friday that its CEO Herbert Diess will step down in a few weeks after four years at the head of the German auto giant as it attempts an ambitious shift towards electric vehicles. Diess’s will leave the helm […]

Ukraine, Russia set to sign deal to reopen grain export ports

KYIV, MOSCOW – July 22 (ONLINE) Russia and Ukraine will sign a deal on Friday to reopen Ukrainian Black Sea ports for grain exports, Turkey and the United Nations said, raising hopes that an international food crisis aggravated by the Russian invasion can be eased, […]

We are concerned over declining value of Pakistani rupee: Bloomberg

Islamabad, July 22 (Online): the international magazine Bloomberg has said Pakistan rupee has devalued most after 1998. It said that Pakistani currency lost its value by 7.9 percent during the current week. We have apprehensions over the declining value of rupee. Pakistan can meet its […]

We will ask banks to scale down interest rate: Finance minister

ISLAMABAD, July 22 (Online): Finance minister Miftah Ismail has said we will ask banks to reduce interest rate. He tweeted “A meeting has been held in State Bank just now. Government will continue Mera Pakistan Mera Ghar housing loan scheme for all those people whose […]

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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