Pakistan News International

Business & Economy

Significant steps underway to empower women: Sheikh Rashid

Islamabad September 29 (Online): Interior Minister Sheikh Rashid on Wednesday said that government is trying its best to empower women which is a vital factor for wellbeing and growth of a nation. He said that government is serious about providing equal rights, responsibilities and opportunities […]

UK PM rules out priority access for key workers in fuel crisis

London, Sept 28 (AFP/APP):Prime Minister Boris Johnson on Tuesday ruled out priority access at the pumps for key workers, insisting a fuel supply crisis to British petrol stations was improving, even as forecourts remained gridlocked with motorists desperate to fill up. In his first broadcast […]

US may exhaust funds Oct 18 unless debt limit raised: Yellen

Washington, Sept 28 (AFP/APP):The US government is likely to run out of cash on October 18 unless Congress raises the federal borrowing cap, Treasury Secretary Janet Yellen warned Tuesday. After that date, Treasury’s funds “would be depleted quickly” and “it is uncertain whether we could […]

LCCI office-bearers elected unopposed

LAHORE, Sep 28 (APP):Three main office-bearers — Mian Nauman Kabir, Mian Rehman Aziz Chan and Haris Attiq have been elected unopposed as president, senior vice president and vice president of the Lahore Chamber of Commerce and Industry (LCCI) for the year 2021-22. Members of the […]

Qatar Airways says gets $3 bn state aid after huge loss

Doha, Sept 27 (AFP/APP):Qatar Airways said Monday it received $3 billion in state aid to weather the coronavirus travel downturn and to offset losses it blamed on the cost of grounding aircraft. The airline reported an overall loss of $4.1 billion for the year to […]

Finance Minister constitutes committee to resolve CNG sector issues

ISLAMABAD, Sep 27 (APP):Federal Minister for Finance and Revenue, Shaukat Tarin on Monday constituted a committee to workout options for optimal solution of issues faced by compressed natural gas (CNG) sector of the country. The minister was talking to a delegation of All Pakistan CNG […]

Fuel pumps run dry in UK as govt blames panic buying

London, Sept 27 (AFP/APP):Desperate motorists queued up at fuel pumps across Britain on Monday, draining tanks, fraying tempers and prompting calls for the government to use emergency powers to give priority access to healthcare and other essential workers. The government says a lack of tanker […]

New Zambian leader reappoints central bank chief axed by predecessor

Lusaka, Sept 27 (AFP/APP):Zambian newly-elected leader on Monday reappointed a respected central bank governor who was controversially sacked last year by his predecessor three years before his term was up, the presidency announced. President Hakainde Hichilema handed Denny Kalyalya his old job, a year after […]

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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