Pakistan News International

Business & Economy

Asian shares dip as virus fears linger

Hong Kong, Dec 27 (AFP/APP): Asian shares dipped in thin holiday trade on Monday as fears lingered over the impact of the Omicron coronavirus variant. The highly transmissible strain has sent new cases skyrocketing across the globe, with countries reviving lockdowns, major sports leagues cancelling […]

Innovation, green growth drive Beijing-Tianjin-Hebei development

BEIJING, Dec 26 (XINHUA/APP):China’s Beijing-Tianjin-Hebei region scored higher on a development barometer in 2020 backed by innovation and green transformation, official data showed. The Beijing-Tianjin-Hebei regional development index stood at 119.33 points in 2020, up from 118.98 points in 2019, according to the National Bureau […]

China’s fixed-asset transport investment tops 3 trln yuan in first 11 months

BEIJING, Dec 26 (XINHUA/APP):China’s fixed-asset investment in the transport sector exceeded 3.28 trillion yuan (about 514.98 billion U.S. dollars) in the first 11 months of the year, official data showed. In breakdown, highway investment exceeded 2.39 trillion yuan in the January-November period, increasing 6 percent […]

Govt spending huge funds for research on Citrus fruit

MULTAN, Dec 26 (APP):Punjab government is spending millions of rupees for research of Citrus fruits across the province. According to Assistant Director Agriculture Abdus Samad, Pakistan is one of the largest citrus producing and seventh in the big exporter of Citrus fruit in the world. […]

Pakistan’s first national pavilion on China’s e-commerce platform launched

BEIJING, Dec 25 (APP):Pakistan’s National Pavilion on JD.com, China’s famous e-commerce platform was launched aimed at providing a useful platform to Pakistani and Chinese traders to promote Pakistan’s high-quality products through China’s huge online market. Pakistan Ambassador to China, Moin ul Haque inaugurated Pakistan’s first […]

UN seeks $106.5 million in aid after Philippine typhoon

United Nations, United States, Dec 24 (AFP/APP):The United Nations will kick off a campaign Friday to raise more than 100 million dollars in aid for victims of Typhoon Rai, which ravaged the Philippines last week, the organization’s in-country coordinator said. “Tomorrow, we’ll be launching at […]

Foreign exchange rates

KARACHI, Dec 24 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS […]

Tokyo stocks close flat in thin holiday trade

Tokyo, Dec 24 (AFP/APP):Tokyo stocks ended nearly flat on Friday after a session of thin trading volume with many foreign investors away for Christmas. The benchmark Nikkei 225 index eased 0.05 percent, or 15.78 points, to 28,782.59, while the broader Topix index slipped 0.13 percent, […]

Pakistan welcomes third country investments in SEZs under CPEC

ISLAMABAD December 23 (Online): Industrial Cooperation chapter of CPEC is all-inclusive in nature and open for third country participation. All SEZs [Special Economic Zones], including CPEC SEZs, are open for investment to all investors, whether domestic or foreign, with equal treatment, said Minister of State […]

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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