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Business & Economy

Pakistan: Kerb currency market

Posted on by Tuba Zafar

KARACHI, Dec 15 (APP):Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Wednesday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 177.88 177.98 U.S $ (Cash Free Market) 180.00 180.50 SAUDIA RIYAL […]

China’s economy maintains recovery momentum in November

Posted on by Tuba Zafar

BEIJING, Dec. 15 (Xinhua/APP):China’s economy continued its recovery momentum in November despite downward pressure, with major indicators staying within a reasonable range, official data showed Wednesday. Retail sales of consumer goods in November went up 3.9 percent year on year in November, while value-added industrial […]

China’s property investment up 6 pct in Jan-Nov

Posted on by Tuba Zafar

BEIJING, Dec. 15 (Xinhua/APP):China’s investment in property development rose 6 percent year on year in the first 11 months of this year, data from the National Bureau of Statistics (NBS) showed Wednesday. During the period, property investment stood at around 13.73 trillion yuan (about 2.15 […]

Asian markets struggle as Fed prepares faster taper

Posted on by Tuba Zafar

Hong Kong, Dec 15 (AFP/APP):Asian markets mostly fell Wednesday as investors nervously awaited the outcome of the Federal Reserve’s latest policy meeting, where it is expected to announce a speedier withdrawal of its massive financial support just as the Omicron variant fans concerns about the […]

SBP increases interest rate by 100 bps to 9.75%

Posted on by News Desk

Karachi-December 14 (Online): The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Tuesday has raised the policy interest rate by 100 basis points (one percent) to 9.75 percent. According to the Monetary Policy Committee (MPC), the goal of this decision is to counter […]

Algeria lends $300 mln to cash-strapped Tunisia

Posted on by News Desk

Tunis, Dec 14 (AFP/APP):Heavily indebted Tunisia said Tuesday it had received a loan from oil-rich neighbour Algeria, the day before a visit by Algerian President Abdelmadjid Tebboune. The official journal said that President Kais Saied had signed off a deal reached on December 9 for […]

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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