Pakistan News International

Business & Economy

OCCRP reveals credit Swiss accounts of politicians, criminals and spies

BERN-February 21 (online): Organized Crime and Corruption Reporting Project (OCCRP) has revealed credit Suisse account details of politicians, criminals and spies. According to a report, in 18,000 Swiss accounts more than $100 billion has been revealed. The president of Kazakhstan Kassym Jomart Tokayev, former King […]

Ukraine showdown casts shadow over Qatar gas summit

Doha, Feb 19 (AFP/APP): Leading gas producers meet in Qatar from Sunday to discuss how to answer frantic world demand, but Russian President Vladimir Putin is expected to stay away as Ukraine tensions soar, diplomats said. The 11-member Gas Exporting Countries Forum holds its summit […]

PIAF welcomes surge in flow of foreign direct investment

ISLAMABAD, Feb 19 (Online): The Pakistan Industrial and Traders Associations Front (PIAF) has welcomed the flow in foreign direct investment (FDI) which has increased by 11.3% to $1.17 billion in July-January of fiscal year 2021-22 compared to $1.05 billion in the same period of last […]

US existing home sales shot up 6.7% in January: report

Washington, Feb 18 (AFP/APP): Existing homes have become harder to find than ever, but Americans kept buying in January, pushing the pace of sales up much more than expected, according to industry data released Friday. Existing homes sales jumped 6.7 percent last month to a […]

No need for Fed to make ‘big’ early rate hike: Williams

Washington, Feb 18 (AFP/APP): There is no “compelling argument” for the Federal Reserve to raise interest rates next month by a “big” amount, New York Federal Reserve Bank President John Williams said Friday. Instead, policymakers can “move steadily” to get the benchmark lending rate off […]

Renault returns to profit but chip shortage hits output

Paris, Feb 18 (AFP/APP):Renault returned to profit last year but the global shortage of semiconductors will crimp production again in 2022, the French automaker said Friday. The company posted a better-than-expected net profit of 967 million euros ($1.1 billion) after a record eight-billion-euro loss in […]

CCoCPEC approves realignment of KKH, provision of utilities for SEZs

ISLAMABAD, Feb 17 (APP): The Cabinet Committee on China-Pakistan Economic Corridor (CCoCPEC) Thursday approved several projects including realignment of KKH from Thakot to Raikot, provision of utilities for CPEC Special Economic Zones (SEZ), implementation plan for vacation of PCG and PN land at Shamba Shamail, […]

Shaukat Tarin committed for promoting tax culture in country

ISLAMABAD, Feb 15 (APP): Minister for Finance and Revenue Shaukat Tarin Tuesday said the government was committed for promoting tax culture in the country by introducing constructive exercises such as prize schemes for the consumers. Addressing the second computer ballot of the Point of Sale […]

Petroleum prices to be increased by Rs 8.50 per liter

ISLAMABAD – February 14 (ONLINE): Oil and Gas Regulatory Authority (OGRA) on Monday forwarded the summary to the Petroleum Division for a hike in petroleum products’ (POL) prices. According to media reports, price of petrol may be increased by Rs 8.50 per liter, while that […]

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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