Pakistan News International

Business & Economy

UK-US trade pact possible, but Ireland peace is priority: Pelosi

London, Sept 17 (AFP/APP):Britain and the United States will “probably end up” striking a bilateral trade deal, but agreement is “very unlikely” if the terms of the Ireland peace deal are broken, Nancy Pelosi said Friday. “This is not said as any threat, it’s a […]

Major work on CPEC projects done by PTI govt: Asad Umar

ISLAMABAD, Sep 17 (APP):Minister for Planning, Development, and Special Initiatives Asad Umar Friday dispelled the impression of slowing down pace of the China Pakistan Economic Corridor (CPEC) projects saying that major work of the CPEC projects was completed during the Pakistan Tehreek-i-Insaaf (PTI) government. He […]

Senate committee shows concerns over discontinuity of CPEC projects

Islamabad – September 16 (Online): Senate’s standing committee on planning and development’s meeting has revealed that China is ‘anguished’ with Pakistan over discontinuity of work on CPEC since last three years and that all companies are showing a mistrust. Special Assistant to Prime Minister on […]

Pak forex figure $ 27.06409 bn

KARACHI, Sep 16 (APP):The total liquid foreign reserves of the country stand dollars 27.06409 billion, says State Bank of Pakistan. SBP’s weekly statement here Thursday said that on September10, the foreign reserves with State Bank amounted to $ 20,022.7 million. The net foreign reserves holding […]

Pakistan’s economy shifting from consolidation to growth phase: Tarin

ISLAMABAD, Sep 16 (APP):Federal Minister for Finance and Revenue, Shaukat Tarin on Thursday underlined that due to prudent fiscal policies and strict financial discipline, Pakistan’s economy was shifting from consolidation to growth phase. He said the government’s objective was to steer economy towards an inclusive […]

Sugar futures close higher

ZHENGZHOU, Sept. 16 (Xinhua/APP):Sugar futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active sugar contract for January 2022 delivery gained 88 yuan (13.68 U.S. dollars) to close at 5,885 yuan per tonne. On Thursday, the total trading volume […]

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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