Pakistan News International

Business & Economy

Tarin chairs EAC 3rd meeting, highlights planning for sustainable, inclusive growth

ISLAMABAD, Federal Minister for Finance and Revenue, Shaukat Tarin Saturday stressed the importance of long-term planning for achieving sustainable and all-inclusive economic growth. Chairing the third meeting of the Economic Advisory Council (EAC), the finance minister said that the Prime Minister had re-constituted EAC, after […]

CPI inflation decelerates to 9.7% on YoY basis

ISLAMABAD, The Consumer Price Index (CPI) based monthly inflation decelerated to 9.7 percent on year-on-year (YoY) basis during the month of June 2021, from 10.9 percent during May 2021, Pakistan Bureau of Statistics (PBS) reported. On month-on-month (MoM) basis, it decreased by 0.2% in June […]

SBP reserves increase $13m to $16,119.4m

ISLAMABAD, The Foreign exchange reserve held by the State Bank of Pakistan has increased by US $13 million to US $16,119.4 million during the week ending on June 25, 2021, State Bank of Pakistan (SBP) reported on Thursday. The total liquid foreign reserves held by […]

Cement export increase 4.57%, reaches $253.584m in 11 months

ISLAMABAD, The exports of cement from the country witnessed an increase of 4.57 percent during the first eleven months of financial year 2020-21, against the exports of the corresponding period of last year. The cement exports from the country were recorded at $253.584 million during […]

Pakistan, UAE to further enhance cooperation in Customs, Inland taxes

ISLAMABAD, Pakistan and United Arab Emirates (UAE) Thursday agreed to further promote cooperation in the fields of customs and other inland taxes, besides learning from each other’s best practices to increase trade volume between the two countries. According to an FBR press statement, Ambassador of […]

Pb govt facilitating industrialists: Aslam Iqbal

LAHORE, Punjab Minister for Industries and Commerce Mian Aslam Iqbal on Thursday said that Punjab government was providing all possible facilities to the industrialists. He expressed these views during a meeting with a delegation of All Pakistan Textile Processing Mills Association (APTMA) here at the […]

Country’s exports increase to $31.3 bln in FY21: Razak Dawood

ISLAMABAD, Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood said Thursday that the country’s exports increased to 31.3 billion during the last fiscal year (2020-21), reflecting government’s successful trade policy. As Compared to the previous financial year (FY2020), exports increased by 18 […]

Groundbreaking ceremony held for regional dispatch center of CGGC at Eighteen

Islamabad: Eighteen housing society, a project of Ora Developers in partnership with Saif Group and Kohistan Builders, has become the exclusive site for the Regional Dispatch Center of China Gezhouba Group Company Limited (CGGC), a leading Chinese construction & engineering company. The groundbreaking ceremony 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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