Pakistan News International

Business & Economy

China’s industrial output up 7.5 pct in first two months

Posted on by Tuba Zafar

BEIJING, March 15 (Xinhua/APP): China’s industrial production expanded in the first two months of the year, with the high-tech manufacturing sector posting stellar performance, official data showed Tuesday. China’s value-added industrial output, an important economic indicator, went up 7.5 percent year on year in the […]

UK unemployment falls to pre-pandemic level

Posted on by Tuba Zafar

London, March 15 (AFP/APP): Britain’s unemployment rate has fallen below four percent to reach its pre-pandemic level, official data showed Tuesday. The UK unemployment rate dropped to 3.9 percent in the three months to the end of January from 4.1 percent in the final quarter […]

Oil prices rise as traders assess supply risks

Posted on by Tuba Zafar

NEW YORK, March 13 (Xinhua/APP) –: Oil prices climbed on Friday as traders assessed risks of supply disruptions amid the Russia-Ukraine conflict. The West Texas Intermediate (WTI) for April delivery added 3.31 U.S. dollars, or 3.1 percent, to settle at 109.33 dollars a barrel on […]

U.S. dollar rises amid inflation data

Posted on by Tuba Zafar

NEW YORK, March 11 March (Xinhua/APP):The U.S. dollar appreciated in late trading on Thursday as market participants digested the nation’s inflation readings. The dollar index, which measures the greenback against six major peers, increased 0.55 percent at 98.5080. In late New York trading, the euro […]

Oil prices fall as volatile trading continues

Posted on by Tuba Zafar

NEW YORK, March 11 (Xinhua/APP) –:Oil prices dropped on Thursday as volatile trading continues amid geopolitical risks. The West Texas Intermediate for April delivery lost 2.68 U.S. dollars, or 2.5 percent, to settle at 106.02 dollars a barrel on the New York Mercantile Exchange. Brent […]

Russia VTB Bank offers deposits in Chinese Yuan

Posted on by News Desk

MOSCOW, Mar 9 (AA/APP):Russia’s VTB Bank on Wednesday launched the opening of deposit accounts in Chinese currency yuan with up to an 8% annual rate amid volatility on the currency market. Customers will be able to open such deposit accounts from March 9 in their […]

Two Sessions 2022; what it means for China and Pakistan

Posted on by News Desk

BEIJING, Mar 9 (APP):China’s National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC), short-termed “Two Sessions”, being held this month are significant for the economic, political and diplomatic agenda that China will set for itself for the coming year. The government work […]

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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