Pakistan News International

Business & Economy

IMF Nominated Resident representative Ruiz calls on Finance minister

Islamabad September 27 (Online): Nominated Resident representative of the International Monetary Fund (IMF) Esther Perez Ruiz on Monday paid a courtesy call on the Federal Minister for Finance and Revenue Shaukat Tarin at the Finance Division. Ruiz was accompanied by the Outgoing representative of IMF […]

Encrypted messaging app Signal hit by outage

San Francisco, Sept 27 (AFP/APP):Encrypted instant messaging app Signal was hit by an outage late Sunday that interrupted services on the platform. “Signal is currently down, due to a hosting outage affecting parts of our service,” the company said on Twitter. “We’re working on bringing […]

How the US debt limit became ‘a hostage that’s worth ransoming’?

Washington, Sept 26 (AFP/APP):A decade ago, a standoff between Democrats and Republicans over increasing the United States’ authority to borrow brought the country days away from a default and caused a major ratings agency to downgrade its credit for the first time. In the aftermath, […]

UK to offer 10,500 post-Brexit visas to ease worker shortages: govt

London, Sept 26 (AFP/APP):Britain will issue up to 10,500 temporary work visas to lorry drivers and poultry workers to ease chronic staff shortages, the government said Saturday, in a U-turn on post-Brexit immigration policy. The short-term visas, which will start next month and last until […]

Pakistan Furniture Council to participate actively in Dubai Expo

LAHORE, Sep 26 (APP):Pakistan Furniture Council (PFC) is all set to ensure active participation in Dubai Expo commencing from October 1 to display world-class hand crafted vast range of Pakistani furniture. Talking to a delegation of furniture exporters led by the Chaudhary Muhammad Ashfaq Kamboh […]

Huawei executive lands in China after deal with US

Beijing, Sept 25 (AFP/APP):Huawei executive Meng Wanzhou returned to China Saturday shortly after two Canadians released from prison in China also arrived in Calgary, ending a bitter diplomatic row that has poisoned ties for three years. Meng and the two Canadians — former diplomat Michael […]

DC inaugurates driving license facilitation center at SCCI

SIALKOT, Sep 25 (APP):Deputy Commissioner (DC) Farooq Tahir inaugurated the Driving License Facilitation Centre at Sialkot Chamber of Commerce and Industry (SCCI), here on Saturday. President Sialkot Chamber of Commerce and Industry (SCCI) Qaiser Iqbal Baryar, SCCI Senior Vice President Khurum Aslam Butt, SCCI Vice […]

Finance minister briefed on Pakistan Single Window

Islamabad September 24 (Online): Federal Minister for Finance and Revenue Shaukat Tarin was briefed about the Pakistan Single Window (PSW), a virtual system which is connecting the concerned Ministries, Customs, port authorities, banks and other relevant departments after major process re-engineering to provide a single […]

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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