Pakistan News International

Business & Economy

PSX stays bullish, gains more 3,370 points

ISLAMABAD, Dec 12 : The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 3,370.29 points, a positive change of 3.04 percent, closing at 114,180.51 points as compared to 110,810.22 points on the last trading day.Pakistan’s cuisine A total of […]

Jazz recognized as ‘Best Operator in growth Market’ at WCA 2024

ISLAMABAD, Dec 12 : Jazz, country’s leading digital operator, was awarded with prestigious ‘Best Operator in a Growth Market’ award at the World Communication Awards (WCA) 2024. According to a news release on Thursday, this honor highlights Jazz’s pivotal role in expanding digital access and […]

MOL celebrates 25 years of success in Pakistan

Islamabad December 11: MOL Pakistan, a leading stakeholder in Pakistan’s energy sector celebrated its 25th anniversary of operations in the country the other day. The occasion commemorated the company’s role and achievements not only in building the country’s Exploration & Production sector and contributing to […]

ADB scales up support for social protection program

ISLAMABAD, Dec 11 :The Asian Development Bank (ADB) has approved $330 million in additional financing to strengthen Pakistan’s federally administered social protection programs and services. The result-based loan for the ongoing Integrated Social Protection Development Program (ISPDP) will help expand the grassroots-level social protection to […]

Uzbek ambassador for increasing bilateral trade by $1 billion

ISLAMABAD, Dec 9 :Ambassador of Uzbekistan to Pakistan, Alisher Tukhtaev on Monday said that Uzbekistan and Pakistan’s main goal is to significantly increase the volume of bilateral trade bringing it to $1 billion initially. In recent years, trade turnover between Uzbekistan and Pakistan has been […]

SPI decelerates to 5.13%, shows decline of 0.34% on WoW basis

ISLAMABAD, Dec 6 :The weekly inflation, measured by the Sensitive Price Indicator (SPI), decelerated to 3.57 percent on year-on-year (YoY) basis during the week ended on December 05 as compared to corresponding week of last year, the Pakistan Bureau of Statistics (PBS) reported on Friday. […]

MPCL and PARCO Commend PIP for Successful Pakistan Pavilion at ADIPEC 2024

Mari Petroleum Company Limited (MPCL) and Pak Arab Refinery Company Limited (PARCO) have expressed their appreciation to the Petroleum Institute of Pakistan (PIP) for its pivotal role in establishing the Pakistan Pavilion at ADIPEC 2024. The Pakistan Pavilion served as a vital platform for collaboration […]

Pakistan attracts Chinese investments in Textile Industry

BEIJING, Dec 5 : Pakistan warmly welcomes Chinese investments in our textile sector, highlighted Khalil Hashmi, Pakistan Ambassador to China, during the Pakistan-China B2B Investment Meeting on Textiles held in Suzhou, China. Organized by the Pakistani Embassy in China, the Pakistani Consulate General in Shanghai, […]

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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