Pakistan News International

Business & Economy

PM Khan’s export policies producing great achievements: Chinese Scholar

BEIJING, Mar 17 (APP): Cheng Xizhong, Visiting Professor of Southwest University of Political Science and Law and Senior Fellow of the Charhar Institute on Thursday said that Prime Minister Imran Khan’s policies to encourage exports are producing great results. Over the past year, under the […]

Gansu to share agricultural expertise with Pakistan

BEIJING, March 17 (APP): China’s Gansu Academy of Agricultural Sciences (GAAS) and the Islamia University of Bahawalpur (IUB) have discussed a roadmap for boosting agricultural cooperation in the future, with advanced Chinese technologies to be transferred to Pakistan. Gansu and Pakistan share similarities in climate, […]

Singapore’s NODX grows by 9.5 pct on year in February

SINGAPORE, March 17 (Xinhua/APP): Singapore’s non-oil domestic exports (NODX) grew by 9.5 percent year on year in February following the 17.6 percent growth in January, Enterprise Singapore, a government agency, announced on Thursday. It is the 15th consecutive month for Singapore’s NODX to see year-on-year […]

China’s overnight Shibor interbank rate decreases Thursday

BEIJING, March 17 (Xinhua/APP): The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, decreased 3.1 basis points to 2.009 percent Thursday. The seven-day rate dropped 3.2 basis points to 2.083 percent, the one-month rate edged down 0.1 basis […]

Escalating sanctions on Russia hindering global economic recovery

BEIJING – March 16 (ONLINE) Escalating sanctions on Russia are complicating the global economic recovery process, Chinese Foreign Minister Wang Yi said in a telephone conversation with his Dutch counterpart Wopke Hoekstra. “The US and Europe keep tightening sanctions on Russia. As for the difficult […]

FPCCI welcomes RCCI for joining BMP group

RAWALPINDI, Mar 16 (APP): A delegation of FPCCI led by Chairman Irfan Iqbal Sheikh, Chairman Businessmen Panel & former President FPCCI Mian Anjum Nisar visited the Rawalpindi Chamber of Commerce and Industry (RCCI) here on Wednesday. Irfan Iqbal Sheikh congratulated the leadership of RCCI on […]

Amazon commits 124 mln USD to create over 1,000 affordable homes

SAN FRANCISCO, March 16 (Xinhua/APP) –:Amazon announced Tuesday that it will invest over 124.4 million U.S. dollars to build 1,060 affordable homes near four public transit sites, working in partnership with the Washington Metropolitan Area Transit Authority (Metro) and Sound Transit, the transit system serving […]

Cotton futures close higher

ZHENGZHOU, March 16 (Xinhua/APP):Cotton futures closed higher Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active cotton contract for May 2022 delivery gained 225 yuan (about 35.27 U.S. dollars) to close at 21,345 yuan per tonne. On Wednesday, the total trading […]

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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