Pakistan News International

Business & Economy

7th session of Pak-Russia intergovernmental commission begins Nov 24

ISLAMABAD, Nov 23 (APP):The 7th Session of Pak-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation would be held on November 24-26 in Yekaterinburg, Russia. A high-level delegation led by Federal Minister for Economic Affairs, Omar Ayub Khan will be participating in the session, […]

Shipping Activity at Port Qasim

KARACHI, Nov 23 (APP):Eight ships namely, Seago Istanbul, Lyon-II, X-Press Bardsey, Schuyler Trader, Wolverine, Star Gaia, BM Jade and Sloman Hera carrying Containers, Steel coil, Coal, Chemicals and Palm oil, arrived at Port Qasim and berthed at Container Terminal, Multi-Purpose Terminal, Electric Terminal, Bulk Terminal, […]

Afghan banking system on brink of collapse, UNDP warns

UNITED NATIONS, Nov 23 (APP):A UN agency has warned that Afghanistan’s banking system is on the verge of collapse because of consumers’ inability to repay loans, fewer deposits, and other liquidity problems, leading to a social crisis in an already fragile economy. “Afghanistan’s financial and […]

Meezan Bank and ICBC Pakistan sign Tahawwut Master agreement

Karachi, 22nd November 2021: A virtual ceremony was held to commemorate the signing of the Tahawwut Master Agreement (TMA) between Meezan Bank and Industrial and Commercial Bank of China (Ltd) Pakistan (ICBC Pakistan), which will allow Meezan Bank to execute Shariah-compliant hedging for CNY denominated […]

Supernet Gets Rs. 100 Million Projects by Strategic Organization

Karachi, November 22: Supernet Limited (“Supernet”) has been awarded three equipment supply projects consisting of equipment and services in the domains of satellite communications, telecommunications, and power with a combined equivalent value of PKR 100 million. The projects have been awarded by a strategic organization […]

Chinese hybrid mulberry plants to be introduced in Pakistan: Wu Zhanwen

BEIJING, Nov 22 (APP):With a successful yield test conducted in Xinjiang, a Chinese Mulberry Garden owner is looking forward to introducing protein mulberry plants, as well as planting technology, mulberry leaf processing equipment to Pakistan, since Pakistan and Xinjiang share climatic similarities and have a […]

Imports imperil Jordanian makers of handcrafted shoes

Amman, Nov 22 (AFP/APP):He was once dubbed the “King of Shoes”, but after decades of fashioning footwear for kings, queens and presidents, 90-year-old Jamil Kopti fears cheap imports are killing off his craft. “We started losing customers one after another, and we kept losing stores […]

China’s benchmark interbank gold prices mixed Monday

BEIJING, Nov. 22 (Xinhua/APP):China’s benchmark prices for spot interbank gold transactions were mixed Monday, according to the China Foreign Exchange Trade System. The benchmark price for gold of 99.95 percent pure or above stood at 381.96 yuan (59.73 U.S. dollars) per gram, down 0.87 yuan […]

US fund eyes Telecom Italia: source

Rome, Nov 21 (AFP/APP):Italian operator Telecom Italia (TIM) called an extraordinary board meeting Sunday after receiving an expression of interest from US private equity fund KKR for the entire firm, a source close to the matter said. KKR already has a 37.5 percent stake in […]

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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