Pakistan News International

Business & Economy

Pakistan, Qatar PMs discuss trade, investment cooperation, high-level exchanges

DOHA, Oct 31 : Prime Minister Shehbaz Sharif on Thursday met his Qatari counterpart Sheikh Mohammed bin Abdulrahman Al-Thani wherein they discussed avenues to further strengthen bilateral relations, particularly focusing on enhancing cooperation in areas such as trade, investment, energy, and cultural exchange. In the […]

Gold prices dip by Rs.700 to Rs.287,200 per tola

ISLAMABAD, Oct 31 :The price of 24 karat per tola gold decreased by Rs.700 and was sold at Rs.287,200 on Thursday compared to its sale at Rs. 287,900 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.600 […]

First consignment of Pakistani tractors reaches Kenya, Tanzania

ISLAMABAD, Oct 30 :The first consignment of Pakistani tractors reached Tanzania, one of one of Kenya- Tanzania-based company Masai Trekta Company Ltd. The first consignment of Pakistani tractors imported from ‘Pak Tractors House’ a Lahore-based company, said a press release issued on Wednesday. The commercial […]

Economy to go forward with sustainable recovery: Report

ISLAMABAD, Oct 30 :In the wake of positive developments, the country’s economy will continue to observe sustainable recovery in the coming months as it has demonstrated sustained recovery during first quarter of Fiscal Year 2024-25, finance ministry said in a report released here Wednesday. According […]

Gold prices dip by Rs.900 to Rs.283,400 per tola

ISLAMABAD, Oct 28 : The price of 24 karat per tola gold decreased by Rs.900 and was sold at Rs.283,400 on Monday compared to its sale at Rs.284,300 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.771 […]

Rupee sheds 04 paisa against dollar

ISLAMABAD, Oct 28 : Pakistani rupee on Monday depreciated by 04 paisa against the US dollar in the interbank trading and closed at Rs 277.68 against the previous day’s closing of Rs 277.64. However, according to the Forex Association of Pakistan (FAP), the buying and […]

Devcom hosts “Leaders in Sustainability Awards” for sustainable development champions

ISLAMABAD, Oct 26 :Development Communications Network (Devcom-Pakistan) organized the prestigious “Leaders in Sustainability Awards” ceremony here Saturday to honor individuals, organizations and institutions demonstrating exceptional commitment to sustainability and environmental stewardship. The ceremony celebrated the achievements of those who have made significant contributions to advancing […]

Finance Minister lauds ADB’s partnership with Pakistan

WASHINGTON, OCT 26 (ONLINE): Minister for Finance Muhammad Aurangzeb has appreciated Asian Development Bank partnership with Pakistan to support its development agenda. He expressed these views while talking to President of the Asian Development Bank Masatsugu Asakawa in Washington. The Minister also welcomed the launch […]

Weekly inflation eases by 0.22%

ISLAMABAD, Oct 25 :The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.22 percent for the combined consumption groups during the week ended on October 24, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, […]

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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