Pakistan News International

Business & Economy

Banks to remain close for public dealing on Thursday

KARACHI, For closure of annual accounts, bank holiday to be observed on Thursday and all the banks and financial institutions would remain closed for public dealing. The State Bank of Pakistan would remain closed for public dealing on Thursday, July 1 which should be observed […]

Agriculture sector top priority of government: Fakhar

ISLAMABAD, Minister for National Food Security and Research Syed Fakhar Imam Tuesday said that agriculture sector development was the top priority of the current government and it had allocated huge resources for the development of sector. Addressing the closing ceremony of Nutribiz challenge 2021, organized […]

Momentum continues to lay strong foundation for economic growth: Outlook

ISLAMABAD, With significant signs of economic recovery, the government would continue to follow the positive reform momentum to boost the competitiveness of country’s economy and lay a strong foundation for a more robust, inclusive and sustainable recovery. “Pakistan economy has shown significant signs of economic […]

Around 40% of RDA funds invested in Naya Pakistan Certificate: SBP

ISLAMABAD, Out of the total $1.5 billion funds deposited by overseas Pakistanis through Roshan Digital Account (RDA), around $600 million (40 percent) was invested in Naya Pakistan Certificate, official source in State Bank of Pakistan (SBP) said. This was followed by Account Balances and Transaction, […]

USA, UK, China top three destinations of Pakistani exports in 11 months

ISLAMABAD, United States of America (USA) remained the top export destinations of the Pakistani products during the first eleven months of financial year (2020-21), followed by United Kingdom (UK) and China. Total exports to the USA during July-May (2020-21) were recorded at US $ 4473.917 […]

OGRA issues 36 LPG-sector licences in 9 months

ISLAMABAD, Oil and Gas Regulatory Authority (OGRA) has issued around 36 licences, during a nine-month period, aimed at promoting the Liquefied Petroleum Gas (LPG) sector and ensuring provision of the environment-friendly fuel across the country especially in far-flung areas at controlled rates throughout the year. […]

Success of RDA prompts many countries to seek guidance from SBP

ISLAMABAD, Deputy Governor State Bank of Pakistan (SBP) Monday said that following the success of the Roshan Digital Account (RDA) initiative by Pakistan, many countries were approaching the central bank for guidance. As many as 177,980 Roshan Digital Accounts (RDAs) have been opened by overseas […]

Fauji Fertilizer Company’s OLIVE Cloud Platform Goes Live

Rawalpindi, OLIVE Technical Services (a FFC company) launched their OLlVE Cloud Platform (OCP) services in a ceremony attended by Industry leaders in a local hotel. OLIVE has been recently launched by FFC as a services company, which offers IT services in addition to a rich […]

Pakistan moving towards sustainable, inclusive growth: Tarin

ISLAMABAD, Minister for Finance Shaukat Tarin Saturday said after implementing short term and medium term structural reforms in the country’s economy, Pakistan was now moving towards sustainable and inclusive growth. We are on road to just have a comprehensive economic road map which we will […]

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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