Pakistan News International

Business & Economy

China’s Guizhou sees GDP up 6.6 pct in Q1

GUIYANG, Apr 20 (XINHUA/APP): Southwest China’s Guizhou Province saw its gross domestic product (GDP) hit 481.5 billion yuan (about 75.2 billion U.S. dollars) in the first quarter of 2022, up 6.6 percent year on year, local authorities announced on Wednesday. The added value of the […]

PSX stays bearish, loses 390 points to close at 45,943 points

ISLAMABAD, Apr 20 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Wednesday, losing 390.20 points, with negative change of 0.84 percent, closing at 45,943.16 points against 46,333.36 points on the last working day. A total of 234,997,430 shares were […]

ECC approves Rs. 68.74 bln for OMCs

ISLAMABAD, Apr 19 (APP): The Economic Coordination Committee (ECC) on Tuesday approved supplementary grant of Rs. 68.74 billion for disbursement of Price Differential Claims (PDCs) of Oil Marketing Companies (OMCs) and Refineries. The ECC after discussion approved supplementary grant of Rs. 68.74 billion for disbursement […]

Ahsan reviews progress on PSDP projects

ISLAMABAD, Apr 19 (APP): Federal Minister of Planning Development and Special Initiatives, Professor Ahsan Iqbal on Tuesday reviewed a progress on Public Sector Development Programme (PSDP) projects. The Minister chaired first meeting after taking charge of the ministry said a press release issued here. The […]

Sri Lanka says IMF to consider request for rapid aid

COLOMBO – April 19 (ONLINE) The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka’s finance ministry said on Tuesday. A delegation headed by Sri Lanka’s Finance Minister Ali Sabry kicked off formal talks with […]

National Bank of Kuwait’s first-quarter profit surges 38%

DUBAI – April 19 (ONLINE) National Bank of Kuwait (NBKK.KW), the country’s biggest lender, reported on Tuesday a first quarter profit of 116.6 million dinars ($381.79 million), a 38% annual rise on lower impairment losses and higher net operating income, foreign news agency reported. EFG […]

LCCI welcomes deadline for Diamer-Bhasha Dam’s construction

LAHORE, Apr 18 (APP):While welcoming the setting up of deadline for Diamer-Bhasha dam, the Lahore Chamber of Commerce & Industry (LCCI) said on Monday that the mega project would serve as future lifeline for the country, would improve energy mix, curtail huge oil import bill […]

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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