Pakistan News International

Business & Economy

Cars’ sale up 25% to 20,068 units during Jul-Sep 2024

ISLAMABAD, Oct 24 :The sale of cars during the first three months of the current financial year 2024-25 increased by 25.26 per cent compared to the same months of last year, a recent data released by Pakistan Automobile Manufacturing Association (PAMA) said. According to the […]

PSX reaches historic level of 87,194.54 points

ISLAMABAD, Oct 23 :Positive sentiments prevail over the 100-Index of the Pakistan Stock Exchange (PSX) for third consecutive day on Wednesday and continued with bullish trend, gaining 727.96 more points, a positive change of 0.84 percent, reaching all time high level of 87,194.54 points against […]

Kerb currency market

KARACHI, Oct 22 :Following were the Opening Rates of foreign currencies in kerb market issued by the Exchange companies Association of Pakistan, here on Tuesday. F.C. BUYING SELLING INTER BANK 277.50 277.60 USD 277.00 278.80 EURO 298.65 300.80 GBP 359.00 361.60 JPY 1.82 1.87 AED […]

SECP alerts Public to fraudulent investment/ deposit taking platform

ISLAMABAD, Oct 22 :The Securities and Exchange Commission of Pakistan (SECP) has identified an illegal investment/deposit-taking platform operating under the name “SMARTPAYS”. The platform is being promoted through a website (https://smartpays.org/.), falsely claiming provision of substantial returns on investment/ deposit schemes being offered through the […]

Cutlery exports increase 6.60% to $15.268 mln in 1st quarter

ISLAMABAD, Oct 22 :The exports of cutlery witnessed an increase of 6.60 percent during the first quarter of the current financial year 2024-25, as against the exports of the corresponding months of last year. The cutlery exports from the country were recorded at US $15.268 […]

Approaches discussed to access int’l capital markets, external creditors

ISLAMABAD, Oct 22 : Pakistan’s delegation, currently attending the World Bank Group and International Monetary Fund annual meetings in the United States, met with Alvarez & Marsal Sovereign Advisory Services wherein approaches were discussed through which Pakistan could access the international capital markets and external […]

POL imports up by 15.74% in 1st quarter

ISLAMABAD, Oct 21 : The petroleum group imports increased by 15.74 percent during the first quarter of the current fiscal year as compared to the imports of the same months of last year, the Pakistan Bureau of Statistics (PBS) reported. The imports of overall petroleum […]

Pakistan shines at SIAL Paris 2024

PARIS, Oct 20 : Pakistan made a remarkable impact at Europe’s leading food fair SIAL Paris 2024. 34 exhibitors under TDAP’s Pakistan Pavilion and 14 other exhibitors participated in diverse products from rice, corn and sesame seeds to processed food, spices, frozen food, fruit juices, […]

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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