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Business & Economy

KP govt inks 44 MoUs worth $8 billion at Dubai investment conference

PESHAWAR, Jan 16 (APP):The Government of Khyber Pukhtunkhwa (KP) has signed 44 Memorandums of Understanding (MoUs) worth 8 billion dollars for investment in KP during the Investment conference in Dubai on the sidelines of Dubai Expo 2020, said an official handout issued here on Sunday. […]

Increase in price of flour by Rs.2 per Kg in Balochistan

Quetta-January 16 (Online): Price of flour increased by Rs.2 per Kg in Balochistan, media reported on Sunday. According to market sources, price of 20Kg flour bag has increased from Rs.1400/- to Rs.1440/-. Provincial Minister for food Zimrik Khan Achakzai said that this rise is due […]

Overseas institutions hold more Chinese interbank bonds

SHANGHAI, Jan 16 (XINHUA/APP):Overseas institutions held more bonds in China’s interbank bond market last month, official data showed. By the end of December, bonds in China’s interbank market held by overseas institutions totaled 4 trillion yuan (629.3 billion U.S. dollars), the People’s Bank of China […]

Hammad Azhar says new bill will detach SBP from politics

ISLAMABAD – January 15 (ONLINE): Federal Minister for Energy Hammad Azhar has said that the new bill will purge the State Bank of Pakistan (SBP) of politics. Addressing a press conference on Saturday, Hammad said that the government will have the power to remove the […]

Pakistan Railways earned Rs 200.33 bln

ISLAMABAD, Jan 15 (APP):Pakistan Railways (PR) has earned around Rs 200.33 billion during the last four years and also significantly decreased its working expenses to transform the organisation into a profitable entity. “PR has earned Rs 49.576 bln in 2017-18, Rs 54.514 bln in 2018-19, […]

AfCFTA, partners launch cross-border payment system to boost intra-African trade

ACCRA, Jan 14 (XINHUA/APP):The African Continental Free Trade Area (AfCFTA) Secretariat, African Export-Import (Afrexim) Bank, and other partners launched the Pan-African Payment and Settlement System (PAPSS) on Thursday in a bid to boost the intra-African trade. The move followed the successful piloting of the system […]

Turkish private sector’s external debt down in November 2021

ANKARA, Jan 14 (AA/APP):The Turkish private sector’s outstanding foreign loans in November totaled $167.8 billion, down by $5.2 billion compared to the end of 2020, the country’s central bank announced on Friday. The sector’s short-term loans — excluding trade credits — received from abroad were […]

German economy grew by 2.7% in 2021 amid supply crunch

Frankfurt, Jan 14 (AFP/APP):The German economy grew by 2.7 percent in 2021, official figures showed on Friday, as the economy battled against widespread supply chain disruptions and a resurgence in the coronavirus pandemic. “The economic development was highly dependent on Covid-19 infection rates and the […]

Delta eyes strong spring travel season after Omicron hit

New York, Jan 13 (AFP/APP):Delta Air Lines said Thursday it was past the worst of the Omicron Covid-19 surge as it projected a strong spring travel season while reporting a fourth-quarter loss. The big US carrier, the first airline to report results, said operations had […]

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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