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Business & Economy

National Price Monitoring Committee review meeting held

Islamabad February 14 (Online): Federal Minister for Finance and Revenue Shaukat Tarin presided over the meeting of National Price Monitoring Committee (NPMC), held at the Finance Division on Monday. Deputy Commissioner ICT and other senior officers participated in the meeting. Economic Adviser Finance Division briefed […]

Mian Rehman Aziz Chan becomes LCCI acting president

LAHORE, Feb 14 (APP):Lahore Chamber of Commerce and Industry (LCCI) Senior Vice President Mian Rehman Aziz Chan will perform as the Acting President of the Lahore Chamber of Commerce & Industry in the absence of the LCCI President, who has left for Dubai. LCCI Acting […]

Cambodia announces additional fund of 100 mln USD for SME, agriculture banks

PHNOM PENH, Feb. 14 (Xinhua/APP):The Cambodian government on Monday announced an additional 100 million-U.S. dollar funding for two state-owned banks to assist small and medium enterprises (SMEs) and agriculture. Economy and Finance Ministry’s Secretary of State Ros Seilava said the two banks are the Small […]

Winter Olympics sets off ice, snow economy boom

BEIJING, Feb. 13 (APP):The Beijing 2022 Winter Olympics has ushered in a rare development opportunity for China’s ice and snow economy. By October 2021, 24.56% of the Chinese population — some 346 million Chinese people — had taken part in winter sports and recreational ice […]

IMF loan has devastating effects on Pakistan economy

LAHORE February 12 (Online): The Pakistan Industrial and Traders Association Front (PIAF) has warned that continuous borrowing from International Monetary Fund (IMF) was the primary reason of ticking inflation, which would hurt economic growth in the country. Continuous borrowing from International Monetary Fund (IMF) for […]

European stocks open lower after US inflation surge

Paris, Feb 11 (AFP/APP):European stock markets opened lower on Friday following falls in Asia and Wall Street over fears the Federal Reserve will move more aggressively to tighten monetary policy to tame decades-high inflation. London’s FTSE 100 was down 0.7 percent at 7,617.19 points in […]

ECC approves Textiles and Apparel policy with certain amendments

Islamabad February 09 (Online): The Economic Coordination Committee (ECC) after deliberation approved the policy with certain amendments on Wednesday. The Ministry of Commerce had submitted revised Textiles and Apparel Policy, 2020-25 after incorporating few changes along-with implementation report. Federal Minister for Finance and Revenue Shaukat […]

SC issues notices in containers’ disappearance petition

ISLAMABAD, Feb 09 (APP): The Supreme Court (SC) on Wednesday issued notices to the parties concerned in a petition regarding alleged disappearance of over 900 containers of Afghan transit trade in Pakistan. The SC bench headed by Chief Justice of Pakistan Umar Ata Bandial heard […]

US House passes stop-gap fix to avert government shutdown

Washington, Feb 9 (AFP/APP): The US House of Representatives on Tuesday passed a third stop-gap spending bill in less than five months to keep the government funded and avoid a damaging shutdown. The current spending deal runs out on February 18 and, if no action […]

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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