Pakistan News International

Business & Economy

Oil surge hampers airlines’ recovery: Ryanair CEO

London, March 2 (AFP/APP): A surge in oil prices fuelled by the invasion of Ukraine by key producer Russia will hamper airlines’ financial recovery from pandemic fallout, Ryanair chief executive Michael O’Leary said Wednesday. O’Leary told reporters that the current spike will add 50 million […]

World’s first LNG dual-fuel oil tanker commissioned in COSCO’s fleet

HAIKOU, March 1 (Xinhua/APP):The world’s first LNG dual-fuel crude oil tanker has been delivered to China’s shipping giant COSCO Shipping. According to COSCO Shipping, the ship will be assigned to Yangpu Port in south China’s island province of Hainan, adding the number of the port’s […]

Vietnam’s manufacturing sector continues to recover in February

HANOI, March 1 (Xinhua/APP): The Vietnamese manufacturing sector remained in recovery mode in February, seeing growth accelerate further, the London-based information provider IHS Markit said in a report on Tuesday. The Manufacturing Purchasing Managers’ Index (PMI) ticked up to 54.3 in February, up from 53.7 […]

Finance Ministry announces Rs10/ltr reduction in petrol prices

ISLAMABAD, Feb 28 (APP): Despite a considerable price hike in international petroleum products, the government on Monday announced reduction of Rs10 in per liter petrol, effective from March 1. According to a statement, petrol would be sold at Rs149.86 per liter as compared to Rs159.86. […]

Pak- Afghan transit trade, pedestrian traffic increase: Muhammad Sadiq

ISLAMABAD, Feb 28 (APP): The transit trade and pedestrian traffic across Pakistan- Afghanistan at Turkham border has witnessed an increase the previous day, Special Representative of Pakistan to Afghanistan, Muhammad Sadiq Khan said Monday. Khan tweeted that more than 22,000 citizens and 1,585 trucks crossed […]

EU assures Pakistan of extension in GSP Plus status

LAHORE – February 27 (ONLINE): Special Representative of the European Union for Human Rights Eamon Gilmore along with EU Ambassador to Pakistan on Sunday met Punjab Governor Chaudhry Sarwar and assured Pakistan of EU’s support for extension in Pakistan’s GSP Plus status. During the meeting, […]

WAPDA begins working on five dams-cum-hydropower projects

ISLAMABAD – February 27 (ONLINE): The Water and Power Development Authority (WAPDA) has started working on five dams-cum-hydropower projects besides building two mega dams, Mohmand and Diamer Basha to meet the country’s growing water needs, state media reported Sunday. According to media reports, under construction […]

FPCCI for early completion of renewable energy projects

ISLAMABAD – February 27 (ONLINE) The Businessmen Panel (BMP) of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday called for early completion of renewable energy projects, besides removing the hindrances to avoid delay, as the execution of several wind, solar and hydel […]

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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