Pakistan News International

Business & Economy

Business community to play its role for increasing trade with Belarus: FPCCI

ISLAMABAD, May 12 (APP): The Federation Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday said that Business community to play its role for increasing trade with Belarus. The bilateral trade can be increased between Pakistan and Belarus through Afghanistan transit route and trade Channel, […]

UK oil capital tackles the energy transition… up to a point

Aberdeen, United Kingdom, May 12 (AFP/APP): In Aberdeen, northeast Scotland, offshore wind turbines, the extension to the city’s port, and hydrogen buses are clear evidence of the move to green energy. But old habits die hard in the Granite City, which was built on the […]

Nissan reports first full-year net profit in three years

Tokyo, May 12 (AFP/APP): Nissan reported a positive full-year net profit for the first time in three years on Thursday, citing cost-saving efforts and a stronger US market, but issued cautious forecasts. The Japanese auto giant was on a rollercoaster even before the disruption caused […]

Russian gas to Europe via Ukraine down by almost a third: Gazprom

Moscow, May 12 (AFP/APP): Russian gas transiting via Ukraine to Europe dropped by a third Thursday after Kyiv suspended supplies through a key route, Russian energy giant Gazprom said.   Ukraine’s pipeline operator GTSOU said that it was halting gas transport at the Sokhranivka transit […]

Trade policy with India stands unchanged: Commerce Ministry

ISLAMABAD, MAY 12 (ONLINE): Commerce ministry has said no change has been made in trade policy with India. It was said in a statement issued by ministry of commerce that induction of trade minister in India has nothing to do with restoration of trade with […]

Mongolia exports 3.8 mln tons of coal in first 4 months

ULAN BATOR, May 9 (Xinhua/APP): Mongolia exported a total of 3.8 million tons of coal in the first four months of this year, down 48 percent year on year, Mongolian Customs General Administration said on Monday. The significant decrease is related to border restrictions due […]

Vietnam’s cloth import up 10.3 pct in first 4 months

HANOI, May 9 (Xinhua/APP): Vietnam spent over 4.8 billion U.S. dollars on cloth imports in the first four months of this year, posting a rise of 10.3 percent year on year, according to the General Statistics Office on Monday. Between January and April, Vietnam imported […]

Sri Lanka stops supplying gas for domestic use

COLOMBO, May 9 (Xinhua) APP):Sri Lanka’s leading liquefied petroleum gas supplier Litro Gas Lanka Limited on Monday said that they are unable to supply gas to domestic consumers until new stocks arrive. Litro Gas chairman Vijitha Herath said only industrial gas stocks are available at […]

China’s interbank Treasury bond index opens lower Monday

BEIJING, May 9 (Xinhua/APP): China’s interbank Treasury bond index in net price opened at 994.91 points Monday, lower than the previous close of 994.99 points, according to the China Foreign Exchange Trade System. The index reflects real-time trading of treasury bonds in China’s interbank bond […]

Xi warms up China’s economy, but virus narrows options

Xi warms up China’s economy, but virus narrows options Beijing, May 8 (AFP/APP): President Xi Jinping has offered state backing for tech, infrastructure and jobs to revive China’s economy, but analysts warn growth will continue to wilt until Beijing drops its rigid virus controls. Two […]

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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