Pakistan News International

Business & Economy

Myanmar exports over 144,034 metric tons of rice in April

YANGON, May 21 (Xinhua/APP): Myanmar exported more than 144,034 metric tons of rice and over 106,912 metric tons of broken rice in April, according to the Myanmar Rice Federation (MRF) on Saturday. The country exported those rice to 22 countries including Cameroon, China, Angola, the […]

Khaqan suggests govt to take hard decisions to revive economy

ISLAMABAD, May 20 (APP):Senior Vice President of Pakistan Muslim League-N, Shahid Khaqan Abbassi on Friday suggested the government to take hard decisions to revive economy and overcome inflation. We are seeking support of heads of the national institutions to stand by the government of Pakistan […]

Pakistan earns $419 million from travel services’ export in 9 months

ISLAMABAD, May 20 (APP): Pakistan earned US $419.059 million by exporting different travel services in various countries during the first nine months of the current fiscal year 2021-22. This shows the growth of 9.14 percent as compared to the US $383.960 million same services were […]

FDI inflows down 1.6% in 10 months

  ISLAMABAD, May 20 (APP): Foreign Direct Investment (FDI) in Pakistan declined to US$1.455 billion in July-April (2021-22) compared to the FDI inflows of $1.48 billion recorded during same period, a year ago, showing a negative growth of 1.6 percent.   On year-on-year basis, the […]

Tokyo shares end higher

Tokyo, May 20 (AFP/APP): Tokyo stocks ended higher on Friday, reversing overnight falls on Wall Street as bargain-hunting purchases offset risk-off sentiment among investors. The benchmark Nikkei 225 index surged 1.27 percent, or 336.19 points, at 26,739.03, while the broader Topix index added 0.93 percent, […]

National Bank of Pakistan Exchange Rates

KARACHI, May 20 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 200.45 199.95 EURO EUR 212.20 211.67 JAPANESE YEN JPY 1.5708 1.5669 BRITISH POUND GBP 249.47 248.85 […]

Sri Lanka to default on debt, no money for fuel, minister says

COLOMBO – May 18 (ONLINE) Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of coupons on two of its sovereign bonds, while the energy minister said the country had run out of money to pay for […]

Fertilzer Review Committee discussed domestic production and demand of fertilizers

Islamabad, May 18, 2022 (Online): Fertilzer Review Committee (FRC) met under the chairmanship of Additional Secretary of Ministry of Industries and Production today. The representatives of fertilisers manufacturing industry, dealers, and Secretaries of Provincial agriculture departments attended the meeting via video link. The forum discussed […]

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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