Pakistan News International

Business & Economy

PM Shahbaz wants to promote Pak-Turkish bilateral trade: Marriyum

ISLAMABAD, Jun 01 (APP): Prime Minister Shehbaz Sharif on Wednesday said that Pakistan sincerely wanted to work with Turkish business fraternity to transform brotherhood into promoting bilateral trade, investment and culture. Minister for Information and Broadcasting Marriyum Aurangzeb in a tweet, quoting the PM as […]

Govt scales up power tariff by Rs 3.99 per unit

ISLAMABAD, MAY 31 (ONLINE): National Electric Power Regulatory Authority (NEPRA) has approved hike in power tariff by Rs 3.99 per unit. This increase in tariff will entail additional financial burden of over Rs 51 billion to consumers. Meeting of NEPRA was held here under its […]

Govt will not impose new taxes on petroleum products: Miftah

ISLAMABAD, May 27 (APP): Federal Minister for Finance and Revenue, Miftah Ismail on Friday said that government will not impose any new taxes on petroleum products. Talking to a private television channel, he said we will provide targeted subsidy in order to facilitate the poor […]

Sri Lanka increases fuel prices as it seeks to rein in crisis

COLOMBO – May 24 (ONLINE) Sri Lanka increased fuel and transport prices on Tuesday, a long-flagged move to combat its debilitating economic crisis, but the hikes are bound to exacerbate galloping inflation, at least in the short-term. Power and Energy Minister Kanchana Wijesekera said in […]

Conglomerates from Netherlands Should Look for Joint Ventures

Karachi, May 23, 2022 (Online): Mr. Irfan Iqbal Sheikh, President FPCCI, has called upon world-class Dutch companies to expand their presence in Pakistan; and, look for joint ventures and strategic partners to extend their footprint. He noted that Dutch companies are already doing great business […]

Mangla Hydel Power Station, Two refurbishedunits commissioned with USAID’s grant

Islamabad, May 23, 2022 (Online): Pakistan Water and Power Development Authority (WAPDA) has successfully commissioned generating units No. 5 and 6 of the Mangla Hydel Power Station, recently refurbished with the financial support of United States Agency for International Development (USAID). With refurbishment, installed generation […]

Farmers advised to start rice nursery immediately

FAISALABAD, May 22 (APP): Growers have been advised to start the cultivation of rice nursery by using approved varieties of seeds as the period from May 20 to June 07 is the best for rice nursery. A spokesman for the agriculture department said on Sunday […]

SAARC Chamber urges IMF for timely bailout package to Sri Lanka

ISLAMABAD, May 22 (APP): President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik Sunday urged the International Monetary Fund (IMF) to work out timely bailout package to put defaulting Sri Lanka, a financially crumbled country, on track. Talking to a delegation of women entrepreneurs […]

China grants 5 billion yuan for socio-economic projects in Gwadar

BEIJING, May 21 (APP):China has granted more than 5 billion RMB for several socio-economic projects during the last 7 years to upgrade the living conditions of the local people of Gwadar under Corporate Social Responsibility (CSR) Initiatives. The grant is dedicated to New Gwadar International […]

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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