Pakistan News International

Business & Economy

IT exports increase by 39.26% in four months: Aminul Haq

ISLAMABAD, Nov 19 (APP):Minister for Information Technology and Telecommunication Syed Amin Ul Haque Friday said that IT exports have surged at the growth rate of 39.26 percent in the first four months of the current financial year. In a statement, he said “IT and Telecom, […]

UK unveils upgrade mega rail projects as HS2 eastern leg scraped

LONDON, Nov 19 (XINHUA/APP):The British government on Thursday announced an upgraded investment plan in the rail network and confirmed that the eastern leg of High Speed Two (HS2) will be scrapped. According to the British Department for Transport, the Integrated Rail Plan (IRP) will see […]

Hungarian FM announces two major Chinese investments

BUDAPEST, Nov 19 (XINHUA/APP):Hungary’s Minister of Foreign Affairs and Trade Peter Szijjarto announced two major Chinese investments in Hungary on Thursday, both in the automotive sector. Szijjarto attended the cornerstone laying ceremony of a new car parts plant in Miskolc, eastern Hungary, to be built […]

Chinese yuan weakens to 6.3825 against USD Friday

BEIJING, Nov 19 (XINHUA/APP):The central parity rate of the Chinese currency renminbi, or the yuan, weakened 22 pips to 6.3825 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise […]

Laos to earn 463 mln USD mineral trade in last 3 months of 2021

VIENTIANE, Nov 19 (XINHUA/APP):Laos is expecting to earn about 463 million U.S. dollars from the sale of minerals domestically and for export in the last three months of 2021, after earning 1,464 million U.S. dollars in the first nine months of 2021. The value of […]

Ryanair to delist from London stock market over Brexit

London, Nov 19 (AFP/APP):Ryanair is to delist from the London Stock Exchange next month, the Irish no-frills airline announced Friday, owing to high costs and falling trade volumes after London exited the European Union. The airline, whose primary listing is on the Euronext Dublin, had […]

Blunders played havoc with the economy: Dr. Shahid Rasheed Butt

ISLAMABAD, Nov 19 (Online): Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Friday said the government’s miscalculations and unnecessary self-confidence about stabilising the economy have sunk the rupee and the economy. Experiment to run the country without IMF […]

FFC holds Second Corporate Briefing for the Year 2021

Rawalpindi (PNI) Fauji Fertilizer Company (FFC), held its second Corporate Briefing for the year 2021, as a part of its best corporate governance practices. FFC has been recognized by Pakistan Stock Exchange (PSX) as first amongst Top 25 Companies consecutively for 10 years attributed to […]

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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