Pakistan News International

Business & Economy

Thousands brave heat as delayed Dubai Expo finally opens

Dubai, Oct 1 (AFP/APP):Thousands of people toured Dubai’s Expo 2020 on the opening day on Friday, braving hot temperatures as the Covid-delayed world fair finally opened its doors one year late. Visitors strolled or rode electric bikes around the huge showground, which has been built […]

LCCI chief for business education at all levels

LAHORE, Oct 01 (APP):The Lahore Chamber of Commerce and Industry on Friday stressed the need for business education from primary to top levels to produce successful businessmen. In a statement issued here, the LCCI President Mian Nauman Kabir said that instead of producing labour class, […]

Chinese investors keen to invest in Pakistan’s agri sector under CPEC

ISLAMABAD, Sep 30 (APP):The Chinese investors have planned to invest in various agriculture and dairy sectors of Pakistan under the platform of China Pakistan Economic Corridor (CPEC). “Chinese enterprises plan to invest and cooperate with Pakistan in pepper planting, buffalo milk industry development, food processing […]

Energy prices send eurozone inflation to highest level since 2008

Brussels, Oct 1 (AFP/APP):Eurozone consumer prices rose at their fastest pace since 2008 in September as energy costs skyrocketed, official data showed on Friday. Eurostat, the EU’s official statistics agency, said eurozone inflation reached 3.4 percent on an annualised basis, with energy prices increasing by […]

PM Imran for exploiting potential of salt, pharmaceutical sectors

ISLAMABAD, Oct 01 (APP):Prime Minister Imran Khan on Friday directed the authorities concerned to take steps to exploit full potential of exports diversification in salt and pharmaceutical sectors. Chairing a meeting of National Export Development Board, the prime minister said the government was focused on […]

Zambia IMF bailout talks make ‘progress’ : president

Lusaka, Sept 30 (AFP/APP):Zambia’s President Hakainde Hichilema said Thursday he had made progress in talks with the International Monetary Fund on a bailout to resolve his nation’s debt crisis. The copper-rich nation made Africa’s first coronavirus-era sovereign debt default last year, and requested funding from […]

Pakistan Pavilion at Expo 2020 Dubai release business calendar

ISLAMABAD, Sep 30 (APP):Pakistan Pavilion at Expo 2020 Dubai has released its October calendar of business and cultural events focusing on one of the country’s wonders, Balochistan, Emirates News Agency reported Thursday. According to the calendar, Pakistan’s Federal Board of Investment would hold a seminar […]

FBR extends date for filing of income tax return

ISLAMABAD, Sep 30 (APP):The Federal Board of Revenue (FBR) Thursday extended the date of filing of income tax return for the tax year 2021 by 15 days up to October 15. The date has been extended due to serious technical problems in online return filing […]

BOI offers three key projects in ‘Investment Fair’ to achieve SDGs

ISLAMABAD, Sep 29 (APP):The Board of Investment (BOI) on Wednesday offered three key projects in investment fair as part of Pakistan’s Commitment to achieve Sustainable Development Goals (SDGs). Pakistan has been dedicatedly working towards achieving SDGs over the years. As a part of realization of […]

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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