Pakistan News International

Business & Economy

Embattled Facebook changes parent company name to ‘Meta’

San Francisco, Oct 28 (AFP/APP):Facebook chief Mark Zuckerberg on Thursday announced the parent company’s name is being changed to “Meta” to represent a future beyond just its troubled social network. The new handle comes as the social media giant tries to fend off one its […]

IMF chief asks for continued debt relief as pandemic aid winds down

Washington, Oct 27 (AFP/APP):With a pandemic debt suspension program in its final weeks, IMF Managing Director Kristalina Georgieva on Wednesday encouraged creditors in more advanced nations to continue offering aid to poor countries. Early in the pandemic, G20 nations agreed to the Debt Service Suspension […]

Pivotal senator skeptical of proposed tax on super-rich Americans

Washington, Oct 27 (AFP/APP):A Democratic senator whose vote will be crucial to passing US President Joe Biden’s social services plan indicated on Wednesday he had little enthusiasm for a proposed tax on the very richest Americans that his party is pushing to pay for the […]

Govt to take hard decisions for strengthening economy: Asad Umar

ISLAMABAD, Oct 27 (APP):Minister for Planning and Development, Asad Umar on Wednesday said that Pakistan Tehreek-e-Insaf (PTI) government would take hard decisions for strengthening economy. We will have to take concrete steps for improving economy of the country”, he said while talking to a private […]

FFC Announces Third Quarterly Results for Year 2021

Rawalpindi (PNI) Fauji Fertilizer Company Limited (FFC) has announced its financial results for the nine months ended September 30, 2021 in its Board of Directors meeting held on October 27, 2021. The company achieved net profitably of Rs 15.89 billion translating into an EPS of […]

Japan downgrades economic assessment for 1st time in 18 months

TOKYO, Oct. 27 (Xinhua/APP):The Japanese government on Wednesday downgraded its overall assessment of regional economies for the first time in 18 months, with a global chip crunch and supply chain disruptions adding pressure on the auto industry. The October report by the Finance Ministry is […]

Tokyo stocks dip with eyes on earnings, elections

Tokyo, Oct 27 (AFP/APP):Tokyo stocks closed lower on Wednesday on profit-taking after rallies in the previous session, as investors watched corporate earnings and Japan’s upcoming general election. The benchmark Nikkei 225 index inched down 0.03 percent or 7.77 points to end at 29,098.24, while the […]

EU avoiding ‘rash decisions’ on energy price rises

Luxembourg, Oct 26 (AFP/APP):The impact of surging gas and electricity prices globally threatens the EU’s energy market, but the bloc will not react hastily, officials said on Tuesday. An emergency meeting of EU ministers in Luxembourg to discuss the issue largely backed 11 member countries […]

EU ministers tussle over how to tackle gas price surge

Luxembourg, Oct 26 (AFP/APP):EU energy ministers held an emergency meeting on Tuesday on how to tackle surging gas prices, with 11 countries including Germany rejecting proposals from France and Spain for deep market reforms. The gathering in Luxembourg was book ended between an EU summit […]

Pharmaceutical goods’ export increases 7% in 3 months

ISLAMABAD, Oct 26 (APP):The export of pharmaceuticals goods from the country has witnessed an increase of 7.36 percent during the first three months of financial year (2021-22) as compared to the corresponding period of last year. Pakistan exported pharmaceutical products worth US $73.428 million during […]

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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