Pakistan News International

Business & Economy

Government immediately restore gas supplies to power plants

Karachi, June 6 (Online): Mr. Irfan Iqbal Sheikh, President FPCCI, has demanded immediate restoration of full supplies of Regassified Liquified Natutal Gas (RLNG) to power plants to avert any crisis in export-oriented industries. He added that Pakistan is already struggling with an enormous trade deficit; […]

Malaysia to play role for connecting Pakistan with ASEAN: Malaysian Envoy

ISLAMABAD, Jun 05 (APP):Acting high Commissioner of Malaysia to Pakistan Deddy Faisal Ahmad Salleh on Sunday said that his country can play a major role in providing Islamabad with economic and trade opportunities in the Association of East Asian Nations (ASEAN) regional bloc. Malaysia will […]

S. Korea’s consumer prices rise 5.4 pct in May

SEOUL, June 3 (Xinhua/APP) –:South Korea’s consumer prices rose 5.4 percent in May from a year earlier, fueling worries about surging inflation, statistical office data showed on Friday. The consumer price index (CPI) stood at 107.56 in May, up 5.4 percent from the same month […]

Oil prices climb amid U.S. inventory data, OPEC+ decision

NEW YORK, June 3 (Xinhua/APP):– Oil prices advanced on Thursday as traders digested U.S. fuel stockpiles data and OPEC+’s latest decision on output. The West Texas Intermediate for July delivery added 1.61 U.S. dollars, or 1.4 percent, to settle at 116.87 dollars a barrel on […]

U.S. weekly jobless claims fall amid tight labor market

WASHINGTON, June 3 (Xinhua/APP) –: Initial jobless claims in the United States last week fell to 200,000 amid a tight labor market, the U.S. Labor Department reported on Thursday. In the week ending May 28, the number of Americans filing for unemployment benefits decreased by […]

Govt to expand provision of subsidy on food items: Musadik

ISLAMABAD, Jun 2 (APP):Minister of State for Petroleum Senator Musadik Malik on Thursday said that the government was providing subsidy on food items which would be expanded further to provide relief to the masses. Talking to a private news channel, he said the government had […]

Govt reduces LPG price by Rs 335 per 11.8-kg cylinder in two months

ISLAMABAD, Jun 2 (APP): The incumbent government, during its first two months, has reduced the price of Liquefied Petroleum Gas (LPG) by Rs 335 per 11.8-kilogram cylinder aimed at extending all possible relief to the common man amid the increased global-inflation scenario. Soon after coming […]

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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