Pakistan News International

Business & Economy

Biden ‘frustrated’ by ‘bragging’ big oil CEOs: W.House

Washington, Nov 30 (AFP/APP):President Joe Biden is “frustrated” by big oil CEOs “bragging” about profits when fuel prices are soaring for ordinary Americans, the White House said Tuesday. A painful hike in the cost of gasoline is spearheading an overall inflation problem and hitting Biden’s […]

Textile traders seek LCCI help to resolve genuine issues

LAHORE, Nov 29 (APP):Textile Traders Association of Pakistan (TTAP) Monday sought support of Lahore Chamber of Commerce & Industry (LCCI) to get their problems resolved. A delegation of TTAP met with LCCI President Mian Nauman Kabir here at Lahore Chamber. Adnan Sehgal was leading the […]

Hunar Bazar starts registration to be held on Dec 26

ISLAMABAD, Nov 29 (APP):The management of Hunar Bazar has begun registration of featuring fashion, clothing, footwear, jewelry, arts and crafts at Ayub Park. The event would be held this December 26 with 100+crafters exhibiting with their amazing products. Stall booking is open now for stalls, […]

European stocks rebound at open after Omicron freefall

London, Nov 29 (AFP/APP):European stock markets rallied in opening deals on Monday, rebounding from a pre-weekend slump that was sparked by fears over a new variant of Covid-19. London, Frankfurt and Paris gained more than one percent in value, having tumbled by around four percent […]

‘WeCamp Festival-2021’ organized at F-9 Park

ISLAMABAD, Nov 28 (APP):The Bank of Punjab (BoP), in a bid to support, encourage and promote home-based women entrepreneurs across the country, sponsored the ‘WeCamp Festival 2021’, which was organized here at the Fatima Jinnah F-9 Park (F-10 Bolan Gate) on Sunday. The festival was […]

FBR Hunts 1st Non-Tax Stamped Sugar Consignment in Hyderabad

Islamabad (PNI) Inland Revenue Enforcement Network (IREN) Squad of Directorate of Intelligence & Investigation (I&I)-IR, Hyderabad, in a major counter-tax evasion operation, has seized 172 Sugar Bags, which were found without affixation of tax stamps in one warehouse. In compliance of STGO 05 of 2021 […]

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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