Pakistan News International

Business & Economy

S. Korea’s domestic manufacturing supply grows in Q3

SEOUL, Nov. 9 (Xinhua/APP) –:South Korea’s domestic supply in the manufacturing industry grew in the third quarter due to a sharp rise in import of manufacturing products, statistical office data showed Tuesday. The index for domestic manufacturing supply, including production at home and imported manufacturing […]

Spices export surge 16% in 3 months

ISLAMABAD, Nov 7 (APP):The exports of spices from the country witnessed an increase of 16.39 percent during the first three months of financial year (2021-22) as compared to the corresponding period of last year. Pakistan exported spices worth US $23.163 million during July-September (2021-22) as […]

Balochistan’s development strategically significant: Chinese Scholar

BEIJING, Nov 7 (APP):Pakistan’s strategic position in the whole region will be greatly enhanced after achievement of the socio-economic development of Balochistan, Cheng Xizhong, Visiting Professor at Southwest University of Political Science and Law and Senior Fellow of the Charhar Institute said on Sunday. Balochistan […]

SECP registers 2,017 new companies in October

ISLAMABAD, Nov 05 (APP):The Securities and Exchange Commission of Pakistan (SECP) registered 2,017 new companies in October 2021, raising the total number of registered companies to 154,093. Total capitalization (paid-up-capital) of the new companies stood at Rs2.7 billion, said a press release issued here on […]

FFC Extraordinary General Meeting

Rawalpindi (PNI) Fauji Fertilizer Company (FFC) held Extraordinary General Meeting on November 05th, 2021 while establishing a quorum of 56.81 percent with representation through Video Conferencing and proxies from individual shareholders as well as from all major equity holders which included Fauji Foundation, State Life […]

ECC approve US$ 190 million to NDMA for procurement of vaccine

ISLAMABAD, Nov 04 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Thursday has approved technical Supplementary grants worth of US$ 190 million to National Disaster Management Authority (NDMA) for procurement of vaccines including transportation and handling charges. The EEC also has approved the technical […]

Sugar futures close lower

ZHENGZHOU, Nov. 4 (Xinhua/APP):Sugar futures closed lower Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active sugar contract for January 2022 delivery lost 18 yuan (2.82 U.S. dollars) to close at 5,945 yuan per tonne. On Thursday, the total trading volume […]

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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