Pakistan News International

Business & Economy

FBR Issues Clarification on Access to Banking Transaction

ISLAMABAD, The Federal Board of Revenue (FBR) has issued a clarification on the messages circulating in emails and social media regarding access of FBR on banking transactions. FBR has clarified that there is no linkage or access to banking transactions at any level with the […]

Tokyo shares fall on US stimulus reduction speculation

Tokyo, Aug 19 (AFP/APP):Tokyo shares ended lower on Thursday after minutes from the US Federal Reserve’s July meeting hinted it may scale back stimulus this year, pushing down Wall Street shares. The Nikkei 225 index dropped 1.10 percent, or 304.74 points, to 27,281.17 yen, while […]

Italian envoy sees huge trade, investment opportunities with Pakistan

ISLAMABAD, The Ambassador of Italy to Pakistan Andreas Ferrarese on Wednesday said that there are vast opportunities for mutual trade and investment between Pakistan and Italy from which businessmen and traders of both the countries can reap the benefits. Pakistani businessmen and traders move forward […]

ZTBL urged to adopt prudent lending, innovative banking solutions

ISLAMABAD, The Federal Minister for Finance and Revenue, Shaukat Tarin, on Tuesday urged the Zarai Taraqiati Bank (ZTBL) to adopt prudent lending, stringent accounting controls, innovative banking solutions and austerity measures for a long-term turnaround. He was talking to President ZTBL, Shahbaz Jameel, who called […]

ECC extends electricity, gas subsidy for export-oriented sectors

ISLAMABAD, The Economic Coordination Committee (ECC) of the Cabinet here on Monday approved continuation of electricity and gas subsidy for export-oriented sectors to support the momentum of growth in exports during the Fiscal Year 2021-22. The summary regarding continuation of concessional rates of electricity and […]

FPCCI organizes orientation session on e-commerce, NEXT

KARACHI, Aug 16 (APP):FPCCI President Mian Nasser Hayat Maggo Monday assured full support and assistance in implementation of technical and vocational trainings in the country under NAVTTC and ably supported by the TVET SSP. He emphasized the significance of TVET Sector Support Programme (TVET SSP) […]

Razaq Dawood hope country’s exports to reach $50 billion in FY 2023

ISLAMABAD, Adviser for Commerce and Investment Razzaq Dawood Sunday expressed the hope that by the last fiscal year 2023 of the current government, country’s exports would reach at $50 billion by following the policy of trade diversification in potential trade sectors and markets. Export diversification, […]

Tarin for strengthening Pak-Canada business, economic linkages

ISLAMABAD, Federal Minister for Finance and Revenue, Shaukat Tarin said Monday that Canada was one of the major development partners of Pakistan, stressing the need to further strengthening business and economic linkages between the two countries. During a meeting with High Commissioner of Canada for […]

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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