Pakistan News International

Business & Economy

ICCI and Chaman CCI urge Govt to allow trade with Afghanistan in Pak rupees

Islamabad January 19 (Online): Chaman Chamber of Commerce & Industry (CCCI) President Muhammad Hashim Achakzai on Wednesday visited Islamabad Chamber of Commerce & Industry and shared the issues faced by business community on Pak-Afghan border with ICCI President Shakeel Munir. Hashim Achakzai said that the […]

Passenger traffic at Frankfurt airport picks up in 2021

FRANKFURT, Jan 18 (XINHUA/APP):Passenger numbers at Frankfurt airport picked up in 2021, thanks to the easing of corona-virus restrictions, the airport announced on Monday. As one of the busiest airports in Europe, Frankfurt received some 24.8 million passengers in 2021, up by 32.2 percent from […]

Germany, France show divisions on EU budget rules

Brussels, Jan 17 (AFP/APP):Germany and France laid out differing visions for the future of the European economy Monday, signalling a fight later this year to overhaul the bloc’s strict rules on government spending. The EU wants to simplify the decades old regulations on running national […]

Media ad revenue jumps to Rs 75.6bn in 2020-21: Report

ISLAMABAD, Jan 17 (APP):The government’s business-friendly and prudent economic policies led to a boom in media ad revenue, surging it to Rs 75.64 billion in the fiscal year 2020-21 from Rs 58.6 billion in 2019-20. According to a report published by leading Pakistani magazine Aurora, […]

Comprehensive proposal finalized to improve Pak-SL trade ties

Peshawar January 17 (Online): Pak-Sri Lanka Business Council Khyber Pakhtunkhwa has finalized a comprehensive proposal to further improve bilateral trade and economic relations between Pakistan and Sri Lanka. The proposals would be sent to government and relevant departments/authorities, aimed at further enhancing bilateral trade volume […]

Uganda hit by fuel shortage as trucks stuck in tailbacks

Kampala, Jan 17 (AFP/APP):Ugandans were struggling Monday with a fuel shortage that has sent prices skyrocketing, as hundreds of trucks remain stuck in huge tailbacks at the border with Kenya. Energy Minister Ruth Nankabirwa said the border delays were caused by a faulty scanner used […]

Plight of people will increase in ongoing year: Dr. Shahid Rasheed Butt

ISLAMABAD, JAN 17 (Online): Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Sunday said plight of the people will increase during 2022. People will face more unemployment, poverty, illiteracy, and crimes in 2022 while their purchasing power will […]

China’s industrial capacity utilization rate at77.5 pct in 2021

BEIJING, Jan 17 (XINHUA/APP): China’s industrial capacity utilization rate came in at 77.5 percent in 2021, up 3 percentage points from the previous year, data from the National Bureau of Statistics (NBS) showed Monday. The utilization rate hit 77.4 percent in the fourth quarter (Q4) […]

Renault sales fall for third year as chip shortage bites

Paris, Jan 17 (AFP/APP): French auto giant Renault on Monday said its sales fell for the third year running in 2021 due to electronic chip shortages and the impact of its new commercial policy. Renault’s sales dropped by 4.5 percent last year even as competitors […]

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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