Pakistan News International

Business & Economy

G7 calls on oil, gas producers to boost deliveries

Berlin, March 10 (AFP/APP): The G7 club of the most industrialised nations on Thursday urged big energy-producing countries to boost deliveries to blunt the impact of the Russian invasion of Ukraine on prices. “We call on oil and gas producing countries to act in a […]

Russia VTB Bank offers deposits in Chinese Yuan

MOSCOW, Mar 9 (AA/APP):Russia’s VTB Bank on Wednesday launched the opening of deposit accounts in Chinese currency yuan with up to an 8% annual rate amid volatility on the currency market. Customers will be able to open such deposit accounts from March 9 in their […]

Two Sessions 2022; what it means for China and Pakistan

BEIJING, Mar 9 (APP):China’s National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC), short-termed “Two Sessions”, being held this month are significant for the economic, political and diplomatic agenda that China will set for itself for the coming year. The government work […]

Biden orders work to begin on future digital dollar

Washington, March 9 (AFP/APP): President Joe Biden on Wednesday ordered government agencies to begin work on creating a digital US dollar, weighing the risks and benefits of a move that could be a game changer for the global financial system. Coming amid the explosive rise […]

Stocks rebound, oil falls in volatile trading

London, March 9 (AFP/APP):Oil prices tumbled while US and European stocks surged on Wednesday after days of market turmoil over Russia’s invasion of Ukraine. Wall Street pushed solidly higher, with the three main indices above two percent in afternoon trading. In Europe, Frankfurt’s benchmark DAX […]

Asian markets mixed at close, Europe exchanges in positive

ANKARA, Mar 9 (AA/APP):Stock markets in Asia were mixed on Wednesday at close, while European stock exchanges were in positive territory. The Asia Dow, which includes blue-chip companies in the region, was up 11 points, or 0.34%, to 3,272 points at 0930 GMT. Tokyo’s Nikkei […]

Diesel-based power generation damaging economy

ISLAMABAD, MARCH 08 (Online): Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Tuesday said generating electricity from expensive fuels would have a negative impact on the people and the economy and would accelerate the growth of circular debt […]

Expo 2020 Dubai visit numbers surge past the 17 million mark

ISLAMABAD, Mar 08 (APP):There has been a rush of visits to Expo 2020 Dubai — with numbers crossing the 17 million mark as the mega event nears the finish line. The total number of visits has reached 17,434,222, with organisers describing this as “phenomenal increase” […]

Hong Kong shares finished sharply lower

Hong Kong, March 8 (AFP/APP): Hong Kong stocks closed with more steep losses Tuesday as the Ukraine war sends crude prices surging and ramps up fears about the impact on the global economy. The Hang Seng Index sank 1.39 percent, or 291.76 points, to 20,765.87. […]

Spices’ exports increase 22.94% to $64.900m in 7 months

ISLAMABAD, Mar 8 (APP): The exports of spices from the country witnessed an increase of 22.94 percent during the first seven months of financial year (2021-22) as compared to the corresponding period of last year. Pakistan exported spices worth US $64.900 million during July-January (2021-22) […]

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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