Pakistan News International

Business & Economy

Tea imports increase by 8.17 percent in 11 months

ISLAMABAD, Jun 27 (APP):The tea imports witnessed an increase of 8.17 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last year. The tea imports during July-May (2021-22) were recorded at $580.911 million against the imports […]

Electric fan exports increases 2.33% to $28.520mln in 11 months

ISLAMABAD, Jun 26 (APP): The exports of electric fan from the country witnessed an increase of 2.33 percent during the eleven months of fiscal year (2021-22) as compare to the corresponding period of last fiscal year. The country exported electric fan worth US $28.520 million […]

Kyrgyz envoy hope for completion of CASA-1000, energy projects

ISLAMABAD, Jun 26 (APP): Ambassador of the Republic of Kyrgyzstan to Pakistan Ulanbek Totuiaev on Sunday hoped that the CASA-1000 projects would be completed soon to meet Pakistan’s energy needs for enhancing the bilateral cooperation in this sector. The CASA-1000 project, which was aimed to […]

Singapore’s manufacturing output growth expands to 13.8 pct in May

SINGAPORE, June 24 (Xinhua/APP) –:: The Singapore Economic Development Board said on Friday that the country’s manufacturing output increased 13.8 percent year on year in May, compared to the revised 6.4 percent increase in April. Excluding biomedical manufacturing, the output grew 18 percent year on […]

Chairman FPCCI, regrets15 percent cuts on GB’s budget

ISLAMABAD, Jun 26 (APP): Chairman Federation Pakistan Chamber of Commerce and Industry (FPCCI),Capital office, Qurban Ali on Sunday said the government 15 percent cut on Gilgit- Baltistan’s annual budget 2022-23 not a good omen for GB’s economy, which is experiencing severe unrest. The local Annual […]

Pakistan mango exports can increase three-folds: President PAHF

KARACHI, Jun 24 (APP): Pakistan has potential to increase mango-exports three-folds as at present only 5 percent of total produce is exported. This was stated by President of Pakistan Agriculture and Horticulture Farms Shaikh Imtiaz Hussain on Friday, while speaking to the participants of Mango […]

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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