Pakistan News International

Business & Economy

Lebanon in blackout as power stations run out of fuel

Beirut, Oct 9 (AFP/APP):Lebanon was plunged into a total blackout Saturday after two main power stations went offline because they ran out of fuel, the state electricity corporation said. The Mediterranean country is battling one of the planet’s worst economic crises since the 1850s, and […]

Imported sugar to be available at Rs 90 per kg: Minister

LAHORE, Oct 09 (APP):The Punjab government has decided to make available imported sugar at retail shops at Rs 90 per kg through dealers in all the districts and issued directions to the deputy commissioners in this regard. The decision was taken at a meeting co-chaired […]

Industrialists demand a new industrial estate in the region to boost exports

Islamabad, Oct 09 (online): A delegation of Islamabad Industrial Association (IIA) led by its President Sheikh Tariq Sadiq visited the Islamabad Chamber of Commerce & Industry and discussed the importance of the establishment of a new industrial estate in the region to boost industrialization, investment […]

President Alvi visits Dubai to take forward bilateral trade ties

Dubai – October 9 (Online): President Arif Alvi on Saturday arrived in United Arab Emirates (UAE) to inaugurate Pakistan’s pavilion at Dubai Expo 2020. UAE’s minister for Justice Abdullah bin Sultan received President Arif Alvi at airport. According to President’s schedule, he will meet businessmen, […]

Iran’s new central bank chief wants to rein in inflation

Tehran, Oct 8 (AFP/APP):Iran’s new central bank governor Ali Saleh-Abadi has said he intends to implement strict monetary policy in order to control inflation, as the country battles a severe economic crisis. “The most important priority of the central bank is to control inflation, and […]

Workers’ remittances continue above US $ 2 bln since June 2020

KARACHI, Oct 08 (APP):With dollars 2.7 billion of inflows during Sept. 2021, Pakistan’s overseas workers’ remittances continued their strong momentum and remained above US $ two billion since June 2020. It was seventh consecutive month when inflows recorded around US $ 2.7 billion on average. […]

FFC Extraordinary General Meeting

Rawalpindi (PNI): Fauji Fertilizer Company (FFC) held Extraordinary General Meeting on October 8th 2021 at its Head Office, Rawalpindi thus establishing a quorum of 59 percent with representation from all major equity holders which included Fauji Foundation, State Life Insurance Corporation, Deutsche Bank, Allied Bank, […]

France could reduce, but not cut, Jersey electricity supplies: minister

Paris, Oct 8 (AFP/APP):France could reduce, but not entirely cut electricity supplies to the British crown dependency of Jersey this winter as part of “targeted” retaliation measures in a dispute over fishing, its Europe Minister said on Friday. “Reducing supplies (of electricity to Jersey) is […]

S.Korea’s rice production estimated to rise 9.1 pct in 2021

SEOUL, Oct. 8 (Xinhua/APP):South Korea’s rice production was estimated to rise 9.1 percent this year thanks to favorable weather conditions, statistical office data showed Friday. A combined 3,827,000 tons of rice, a key staple food for South Koreans, was expected to be produced in the […]

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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