Pakistan News International

Business & Economy

Energy prices push Spanish inflation to 37-year high

Madrid, March 30 (AFP/APP):Spanish inflation hit a 37-year high in March over soaring energy costs following Russia’s Ukraine invasion, official data showed Wednesday, amid a wave of social unrest over spiralling prices that has spawned protests, strikes and production stoppages. The rate jumped from 7.6 […]

US trade chief vows to press Canada on dairy restrictions

Washington, March 30 (AFP/APP): American dairy farmers are not getting enough access to the Canadian market despite a trade agreement between the two countries, US Trade Representative Katherine Tai said Wednesday. Washington and Ottawa have a longstanding dispute over dairy trade, but Tai said she […]

Hoarding, black-marketing sabotages govt’s relief package ahead of Ramadan

ISLAMABAD – March 29 (ONLINE) Hoarding and black-marketing are creating serious problems for masses ahead of Ramadan, also vandalizing government’s subsidized program for Holy month of Ramadan. According to media reports, government had announced a Ramzan Package about two weeks ago, according to which prices […]

Pakistan Steel Mill losses increased by Rs67bn, Senate body told

Islamabad, March 29, 2022 (Online): A meeting of the Senate Standing Committee on Industries and Production was held under the chairmanship of Senator Faisal Sabzwari at Parliament House today. The Ministry and Pakistan Steel officials gave a detailed briefing to the committee on the question […]

Fish and meat valuing $583.067 million exported in 08 months

ISLAMABAD, Mar 29 (APP):Over 100,129 metric tons of fish, fish preparation, 50,414 metric tons of meat and meat products exported during first 08 months of current financial year as compared the exports of the corresponding period of last year. During the period from July-February, 2021-22, […]

FFC Holds Its 44th Annual General Meeting

Rawalpindi (PNI) Fauji Fertilizer Company (FFC) held its Annual General Meeting thus establishing a quorum of 59.58 percent with representation either in person or through Video Conferencing and proxies from individual shareholders as well as from all major equity holders. Brig Asrat Mahmood, SI(M) (Retd), […]

India says no plans for now to buy Russian oil in rupees

NEW DELHI – March 28 (ONLINE) India is not considering buying oil from Russia or any other country using Indian rupees, the junior oil minister told parliament on Monday, after Western nations imposed sanctions on Russia over its invasion of Ukraine. With Western sanctions hitting […]

China, U.S. working hard on solution to audit dispute

BEIJING – March 28 (ONLINE) Chinese regulators and their U.S. counterparts are working hard to solve an audit dispute affecting U.S.-listed Chinese firms and want to achieve effective and sustainable cooperation as soon as possible, a state-run newspaper reported on Sunday. Citing a source close […]

120 million euros frozen in Lebanese laundering probe

The Hague, March 28 (AFP/APP): France, Germany and Luxembourg have seized properties and frozen assets worth 120 million euros ($130 million) in a major operation linked to money laundering in Lebanon, the EU’s justice agency said Monday. The seizures are linked to a probe launched […]

Singapore’s manufacturing output growth rises to 17.6 pct in February

SINGAPORE, March 25 (Xinhua/APP) –: The Singapore Economic Development Board (EDB) said on Friday that the country’s manufacturing output rose 17.6 percent year-on-year in February 2022, compared to a revised 2.4-percent increase in January. Excluding biomedical manufacturing, the output grew 16.8 percent year-on-year in February, […]

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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