Pakistan News International

Business & Economy

Pak-Turkey agree to negotiate on PTA in goods

ISLAMABAD, Jun 2 (APP): Pakistan and Turkey on Thursday discussed the proposed Preferential Trade Agreement (PTA) in goods for promoting trade liberalization and enhancing bilateral trade. Both sides underscored the importance of early finalization of the PTA in goods which would open up new opportunities […]

Miftah terms PTI’s policies reason of current economic situation

ISLAMABAD, Jun 1 (APP): Federal Minister for Finance Miftah Ismail on Wednesday said that onus of purchasing the LNG (liquefied natural gas) at high rates was on Imran Khan as his government delayed in buying the commodity from international market. Talking to private news channel, […]

Pakistan, Turkey sign agreements, MOUs for enhanced cooperation in diverse areas

ANKARA, Jun 1 (APP): Pakistan and Turkey on Wednesday signed various bilateral agreements and memorandums of understanding (MOUs) for enhanced cooperation in diverse areas of mutual interest, including trade, economy, communication, environment and housing. Prime Minister Muhammad Shehbaz Sharif and President Recep Tayyip Erdogan witnessed […]

Dutch, Germany to jointly drill for gas in North Sea

The Hague, June 1 (AFP/APP): The Netherlands and Germany are to jointly drill for a new gas field in the North Sea, the Dutch government said on Wednesday, a day after Russia cut gas supplies to the country. Deputy Minister of mining Hans Vijlbrief “issued […]

Ayaz Sadiq hails EU economic support for development in country

ISLAMABAD, Jun 01 (APP): Federal Minister for Economic Affairs, Ayaz Sadiq on Wednesday hailed the Europeon Union (EU) cooperation for economic development of Pakistan. He was talking to Thomas Seiler, Charge d’ Affairs a.i. of the European Union Delegation to Pakistan who called on him […]

Government measures strengthening the rupee

KARACHI, JUNE 01 (Online): Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said markets are responding positively to the government’s decision to increase the price of oil. […]

Ahsan Iqbal urges business community to focus on boosting exports

ISLAMABAD, Jun 01 (APP): Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal Wednesday said that Pakistan needed a big jump in exports to cope with economic challenges and urged the business community to play a role to boost exports. He said that private […]

Japanese companies capital spending up for 4th straight quarter

TOKYO, Jun 1 (XINHUA/APP): Capital spending by Japanese companies increased in the January-March quarter from a year earlier, booking the fourth quarter of gains, as business spending on digital and green technology rose notably, the government said in a report on Wednesday. According to the […]

Agriculture machinery valuing $89.644 million imported in 10 months

ISLAMABAD, Jun 1 (APP): The imports of agriculture machinery and other implements during 10 months of current financial year witnessed about 33.22% increase as compared the imports of the corresponding period of last year. During the period from July-April, 2021-22 country spent $89.644 million on […]

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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