Pakistan News International

Business & Economy

China’s overnight Shibor interbank rate increases Wednesday

BEIJING, April 6 (Xinhua/APP): The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, increased 54 basis points to 1.848 percent Wednesday. The seven-day rate raised 16.7 basis points to 2.004 percent, the one-month rate edged down 0.1 basis […]

Pakistan’s economic growth to moderate to 4% in FY22: ADB

ISLAMABAD, Apr 5 (APP):After a strong economic rebound in fiscal year (FY) 2021, Pakistan’s economic growth is expected to moderate to 4% in FY2022 due to tighter fiscal and monetary policies before picking up again in FY2023, the Asian Development Bank (ADB) said in a […]

FPCCI sees economic loss after political situation

KARACHI, Apr 05 (APP): President, Federation of Pakistan Chambers of Commerce and Industry, Irfan Iqbal Sheikh and other office bearers on Tuesday called for immediate settlement of political issues as it has led to economic instability in the country, which may bring very bad effects […]

Kinder recalls chocolate eggs after salmonella cases

Paris, April 5 (AFP/APP): Italian confectionary group Ferrero said Tuesday it has recalled Kinder chocolate eggs in seven European countries over possible links to dozens of salmonella cases less than two weeks before Easter. While none of the toy-filled Kinder Surprise chocolate eggs or other […]

Budapest hits out at Brussels over EU funding cut risk

Budapest, April 5 (AFP/APP):The Hungarian government accused Brussels on Tuesday of “making a mistake” after the EU launched a procedure that could see Budapest stripped of EU funding for flouting democratic standards. Prime Minister Viktor Orban’s chief of staff Gergely Gulyas urged the European Commission […]

Turkey’s inflation jumps to 20-year high

ANKARA – April 4 (ONLINE) Turkey’s annual consumer inflation leapt to a 20-year high of 61.14% in March, data showed on Monday, fuelled by rising energy and commodity prices following the Russia-Ukraine conflict which is compounding the impact of a lira crash late last year. […]

IMF to continue support Pakistan after ‘new gov’t is formed’

ISLAMABAD, Apr 04 (APP): The International Monetary Fund (IMF) Monday assured Pakistan that it would continue its support “once the new government is formed.” “There is no concept of suspension within the IMF programme,” the Fund said in a brief statement issued in this regard. […]

DHA Estate Agents Association got the marketing rights of Nova Group

Lahore (PNI) DHA Estate Agents Association got the marketing rights of Nova Group projects across the country. For this purpose, signing ceremony of agreement between DHA Estate Agents Association Lahore and Nova Group was held today. More than five hundred estate agents attended the signing […]

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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