Pakistan News International

Business & Economy

Aamir Ahsan Khan named Country Manager of Ericsson Pakistan

ISLAMABAD, Nov 18 (APP):Ericsson (NASDAQ:ERIC) has announced the appointment of Aamir Ahsan Khan as Country Manager of Ericsson Pakistan. Aamir is set to lead a strong cross-functional team aided by a network of partners to support communication service providers and increase Ericsson’s digital footprint in […]

Pakistan earns US $635 mln from IT services’ export in 1st quarter

ISLAMABAD, Nov 18 (APP):Pakistan earned US $635.010 million by providing different information technology (IT) services in various countries during the first quarter of financial year 2021-22. This shows growth of 42.67 percent when compared to US $445.080 million earned through provision of services during the […]

Call for uninterrupted gas supply to industry in winter

LAHORE, Nov 17 (APP):Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) Wednesday demanded of the government to ensure uninterrupted supply of gas at low tariff to the industry, besides upgrading the gas and electricity distribution/ transmission system to avoid losses. Talking […]

UK annual inflation soars to 4.2%: official

London, Nov 17 (AFP/APP):British annual inflation surged close to a ten-year peak in October partly on the back of higher household energy bills, official data showed Wednesday. The annual rate jumped to 4.2 percent from 3.1 percent in September, hitting the highest level since November […]

Dry fruit demand goes up amid high rates as winter sets in

MULTAN, Nov 17 (APP):With the advent of the winter season, the demand for dry fruits has been increased in the city with a remarkable prices hike as compared to the last year. The shopkeepers of dry-fruit in different markets of the city have significantly hiked […]

Australian shoppers in mood to spend more, retail sales surge

SYDNEY, Nov 16 (XINHUA/APP):Australia’s peak retail body, the Australian Retailers Association (ARA), released spending data on Tuesday that showed Aussies had begun making up for lost time shopping. The figures, based on data which records online and in-store credit payments, showed a total jump in […]

Petrol prices kept unchanged

ISLAMABAD, Nov 15 (APP):Despite rising prices of petroleum products globally, the government on Monday kept the petroleum prices unchanged for next fortnight to provide relief to the masses. “Despite rising petroleum product prices globally, the Prime Minister of Pakistan has kindly rejected the proposal for […]

FBR organizes AML/CFT training sessions for DNFBPs

ISLAMABAD, Nov 15 (APP):As part of ongoing outreach to Designated Non-Financial Businesses and Professions (DNFBPs), Federal Board of Revenue (FBR) in collaboration with United Nations Office on Drugs and Crime (UNODC) on Monday organized capacity building training sessions on AML/CFT compliance at Lahore. The representatives […]

KSA, China desire to invest in Pakistan: Shaukat Tarin

ISLAMABAD, Nov 15 (APP):Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin on Monday said that Kingdom of Saudi Arabia (KSA) and China wanted to invest in Pakistan in various sectors. The foreign countries are taking keen interest in the investment of Pakistan, […]

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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