Pakistan News International

Business & Economy

Stocks slide on Ukraine tensions, US rate hike fears

London, Jan 24 (AFP/APP): Global stock markets fell sharply on Monday, spooked by geopolitical tensions in Ukraine and looming interest rate hikes in the United States, traders said. By the close of trade in Europe, London stocks were down by around 2.6 percent and the […]

FIA reveals scam of Rs54bn, arrests founder of Hascol Petroleum

Lahore-January 24 (Online): The Federal Investigation Agency (FIA) has arrested Mumtaz Hasan founder of Hascol Petroleum in an alleged scam of Rs54 billion. According to media report, FIA have filed cases against 30 accused including former and current officers of National Bank and Hascol Petroleum. […]

Singapore’s MAS core inflation rises to 2.1 pct in December 2021

SINGAPORE, Jan. 24 (Xinhua/APP):Singapore’s Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) announced on Monday that the MAS core inflation rose to 2.1 percent year-on-year in December 2021, from 1.6 percent in the previous month. Meanwhile, the CPI-All Items inflation grew […]

Economic conditions put country’s future at stake

ISLAMABAD, JAN 24 (Online): The Pakistan Economy Watch (PEW) on Monday said due to rising inflation and political and economic instability the people are worried and the future of the country is at stake. If the country’s economy was not given full attention by policymakers […]

Investors urged to tap Pakistan’s real estate potential

LAHORE, Jan 23 (APP):Construction and housing is a booming industry in Pakistan spurred by Prime Minister Imran Khan’s construction package and it is the right time for investors to tap the potential Pakistan’s real estate sector through partnerships and investment. Punjab Board of Investment & […]

China’s road freight volume up 14.2 pct in 2021

BEIJING, Jan 22 (XINHUA/APP):China’s road cargo transport recorded steady expansion last year, with the freight volume jumping 14.2 percent year on year, official data showed. The road freight volume totaled 39.14 billion tonnes in 2021, according to the Ministry of Transport. In December alone, China’s […]

People of Pakistan hesitating to enter tax-net: Asad

ISLAMABAD, Jan 21 (APP):Minister for Planning and Development Asad Umar on Friday said that there is a dire need to expand tax network to achieve economic progress in a proper manner. The people of Pakistan are hesitating to enter tax net, he said while talking […]

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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