Pakistan News International

Business & Economy

Entire 1000 km coastal line to be made clean, green: Asim Bajwa

ISLAMABAD, Chairman China Pakistan Economic Corridor (CPEC) Authority Lt Gen (Retd) Asim Saleem Bajwa on Saturday said that the entire coastal line of Pakistan over an area of 1000 kilometers would be made clean and green under the vision of Prime Minister Imran Khan. “Investment […]

Kamyab Pakistan Program to be launched this month

ISLAMABAD, Minister for Finance and Revenue Shaukat Tarin on Saturday said that an extensive consultative process was followed in working out modalities of the Kamyab Pakistan Program ensuring that all relevant stakeholders are on board and it would be launched within current month. Kamyab Pakistan […]

Khusro puts forward 4-point agenda for industrial cooperation among SCO states

ISLAMABAD, Federal Minister for Industries and Production, Makhdum Khusro Bakhtyar on Friday put forward a four-point agenda for industrial cooperation among SCO member countries, including launching of the study for finding industrial complementarities and synergies. He also proposed establishing an SCO Development Bank and SCO […]

ECC approves Kamyab Pakistan Program, other projects

ISLAMABAD, The Economic Coordination Committee (ECC) of the Cabinet here on Friday approved the flagship ‘Kamyab Pakistan Program’ besides approving several other projects. The ECC meeting was chaired by Federal Minister for Finance and Revenue, Shaukat Tarin, according to press statement by Finance Ministry here. […]

Prices of chicken, pulses, other food commodities go down

ISLAMABAD, Prices of various food items go down considerably during the week ending on July 15 as compared to the previous week, the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) Friday revealed. According to the data, the prices of bananas […]

Imam for improving research system to meet food security challenges

ISLAMABAD, Minister for National Food Security and Research Syed Fakhar Imam here on Monday said that up-gradation of research system and technological advancement were prerequisite for meeting the emerging challenges of food safety and security across the glob. Addressing the Pre-Summit United Nations Food Security […]

Innovative economy to essential for sustainable productivity in Pakistan: CEO

ISLAMABAD, Chief Executive Officer (CEO), National Productivity Organization (NPO) Muhammad Alamgir Chaudhry on Wednesday said use of modern innovative techniques and technology in different sectors of the country’s economy was essential for promotion of sustainable productivity. The CEO said there was a need for awareness […]

FPCCI, GB Govt to organize an international investment conference

ISLAMABAD, Chairman Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Qurban Ali Wednesday informed that FPCCI in collaboration with Gilgit-Baltistan (GB) government would organize an international investment conference on GB. Chairman FPCCI called on Gilgit-Baltistan Chief Minister (CM) Muhammad Khalid Khurshid at his office […]

Rupee recovers 38 paisas against dollar

ISLAMABAD, The exchange rate of Pakistan rupee recovered 38 paisas against the US dollar in the interbank trading on Wednesday and closed at Rs 159.12 as compared to the previous day’s closing of Rs 159.50. According to Forex Association of Pakistan (FAP), the buying and […]

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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