Pakistan News International

Business & Economy

FFC holds First Corporate Briefing for the Year 2022

Rawalpindi (PNI) Fauji Fertilizer Company (FFC), held its first Corporate Briefing for the year 2022, as a part of its best corporate governance practices. FFC has been recognized by Pakistan Stock Exchange (PSX) as first amongst Top 25 Companies consecutively for 10 years attributed to […]

German inflation in January halts rally at 4.9 pct

BERLIN, Feb 1 (Xinhua/APP) –:The national consumer price index (CPI) in Germany in January rose by 4.9 percent on an annual basis, easing from 5.3 percent in December, according to preliminary data published by the German Federal Statistical Office (Destatis) on Monday. The figure is […]

FBR surpasses 7 months revenue collection target by Rs 262 bln

ISLAMABAD, Jan 31 (APP):The Fedral Board of Revenue (FBR) has maintained momentum of its growth trajectory in revenue collection, surpassing the seven months (July 2021 to January 2022) target by Rs 262 billion. According to the provisional revenue collection figures released by the FBR, it […]

Boeing to sell 34 777X cargo planes to Qatar Airways

Washington, Jan 31 (AFP/APP): US plane maker Boeing reached a pair of major agreements on Monday with Qatar Airways, including the sale of 34 777X freighters worth an estimated $20 billion. Besides the 34 planes, Qatar Airways also has purchase rights for another 16 777X […]

FFC Announces Final Results for the Year 2021

Rawalpindi (PNI) Fauji Fertilizer Company Limited (FFC) has announced its financial results for the year ended December 31, 2021 in its Board of Directors meeting held on January 31, 2022. The Company achieved net profitably of Rs 21.89 billion translating into an EPS of Rs […]

Vietnam’s foreign investment up slightly in January

HANOI, Jan 30 (XINHUA/APP): Vietnam attracted an estimated foreign investment of 2.1 billion U.S. dollars in January 2022, up 4.2 percent year on year, the country’s General Statistics Office said Saturday. Specifically, Vietnam licensed 103 new foreign direct investment (FDI) projects with total registered capital […]

Regional economic cooperation need of hour in South Asia: Iftikhar Malik

ISLAMABAD, Jan 30 (APP):President South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry Iftikhar Ali Malik Sunday stressed upon an urgent need of strengthening regional cooperation among member states to usher in an era of prosperity, progress, development and alleviating the object […]

China factory activity edges down in January amid Covid outbreaks

Beijing, Jan 30 (AFP/APP):Factory activity in China edged down in January, official figures showed Sunday, but slightly exceeded expectations as businesses struggled with sporadic disruptions due to coronavirus outbreaks. The Purchasing Managers’ Index — a key gauge of manufacturing activity — in the world’s second-largest […]

Erdogan sacks controversial state statistics chief

  Ankara-January 29 (Online): Turkish President Recep Tayyip Erdogan has sacked the head of the state statistics agency, according to a decree published Saturday, after annual inflation figures angered both the pro-government and opposition camps.   The dismissed state statistic agency chief, Sait Erdal Dincer, […]

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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