Pakistan News International

Business & Economy

Melbourne shuts construction sites after violent anti-vax protest

Melbourne, Sept 21 (AFP/APP):Construction sites across Melbourne were abruptly shuttered Tuesday after labourers rioted against new vaccination requirements in Australia’s second-largest city. Sites will be closed for two weeks, in what authorities described as a response to “widespread non-compliance” with Covid-19 regulations and violent protests. […]

US Democrats unveil plans to suspend debt limit

Washington, Sept 21 (AFP/APP):Democratic congressional leaders on Monday unveiled plans to suspend the nation’s borrowing limit, following a White House warning of “economic catastrophe” unless that ceiling is raised. The legislation also would fund the government through the end of the year after the current […]

Pakistan’s exports increase by 24 pc during last two months

Islamabad – September 20 (Online): Pakistan’s exports in rupee term have witnessed an increase of 23.86 per cent during the first two months of the current fiscal year as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported. According to […]

Businessman forum sweeps SCCI elections 2021-22

PESHAWAR, Sep 20 (APP):All ten candidates of Businessman Forum group under leadership of Ilyas Ahmad Bilour won the executive committee elections of Sarhad Chamber of Commerce and Commerce (SCCI) with heavy margin for next term 2021-22. Polling was held here on Monday for elections on […]

State Bank increases policy rate for next two years

Islamabad September 20 (Online): State Bank of Pakistan has announced to increase the Policy Rate by (7 to 7.25) percent for the next two months. The Monitory Policy Committee of the Bank said on Monday that the economic recovery which has exceeded expectations and is […]

German airline Lufthansa to raise 2.1 bn euros

Berlin, Sept 19 (AFP/APP):German airline Lufthansa, hit hard by the coronavirus pandemic, said Sunday it would seek to raise more than two billion euros with a capital increase. The company said its executive board had agreed to a share issue from Wednesday and “the gross […]

PFC to launch e-commerce units to explore new targeted foreign markets

ISLAMABAD, Sep 19 (APP):Chief Executive Officer (CEO) Pakistan Furniture Council (PFC) Mian Kashif Ashfaq Sunday said PFC will launch e-commerce units to explore targeted foreign markets, essential for doing business across the borders more effectively and the planning to establish a proper warehouse and logistics […]

Fed expected to stay cautious as economy sends mixed signals

Washington, Sept 19 (AFP/APP):With the United States on the upswing from the Covid-19 pandemic, the Federal Reserve is expected to weigh in next week on whether the economy is healthy enough to begin withdrawing stimulus measures credited with aiding the revival. But the two-day meeting […]

Businessmen reject massive hike in petroleum products prices

ISLAMABAD, Sep 18 (Online): The Federation of Pakistan Chambers of Commerce and Industry’ Businessmen Panel, while rejecting the massive increase of up to Rs5.92 per litre, has urged the government to withdraw the decision of hike in prices of petroleum products, as the move will […]

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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