Pakistan News International

Business & Economy

Ahsan presents Voluntary National Review of Pakistan at UNECOSOC

NEW YORK, Jul 15 (APP): Minister for Planning, Development and Special Initiatives Ahsan Iqbal Friday presented the Voluntary National Review (VNR) of Pakistan at the 15th meeting of ministerial segment of Economic and Social Council (ECOSOC 2022) at the United Nations. While presenting the VNR, […]

Price of tomatoes, gram pulse, other food items go down

ISLAMABAD, Jul 15 (APP): The prices of various food items went down during the week ending on July 14 as compared to the previous week, according to the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) here Friday. According to the […]

PIA inducts 4 new aircraft with latest facilities: Spokesperson

ISLAMABAD, Jul 15 (APP): Pakistan International Airlines Spokesperson Abdullah Khan Friday disclosed that PIA has been adding more long-haul aircraft to their fleets with new seats, comfortable cabins which would further provide inflight entertainment to passengers. “PIA has been exerting all out efforts to provide […]

JAKARTA: G20 Foreign Ministers meeting begins in Indonesia

JAKARTA 08 July (Online): The G20 Foreign Ministers’ meeting has begun in Indonesian city Bali on Friday. The US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov are also attending the meeting. A senior US official Retno Marsudi said that it is […]

Govt forms austerity committee I bid to rein in runaway expenditure

ISLAMABAD 08 July (Online): The government has constituted a 10-member committee to ensure the implementation of austerity measures, as it sought to cut expenditures to reduce fiscal debt, it emerged on Friday. The move comes as Pakistan is seeking the resumption of the IMF’s extended […]

Pakistan participates in Investment, Trade Fair in Lanzhou, China

BEIJING, July 8 (APP): The Pakistani businessmen and traders participated in the 28th China Lanzhou Investment and Trade Fair kicked off in Lanzhou, capital of northwest China’s Gansu Province. The five-day event that will feature business negotiations and forums aims to boost economic and trade […]

Asian stocks extend global rally as recession fears ease for now

Hong Kong, July 8 (AFP/APP): Asian markets rose Friday on easing recession fears, while there were growing hopes that Joe Biden will remove some Trump-era tariffs from Chinese goods. Buying was also boosted by reports that Beijing was considering a huge stimulus shot to the […]

Argentina turmoil sparks panic buying and price hikes

Buenos Aires, July 8 (AFP/APP): A political crisis in inflation-ravaged Argentina that was sparked by the economy minister’s resignation has spooked markets and generated fears resulting in panic buying and hasty price hikes, as the informal exchange rate soars. “Every day it’s like going out […]

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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