Pakistan News International

Business & Economy

Seafood exports increase by 2.6% in 11 months, 9.5% in May

ISLAMABAD, The exports of fish and fish preparations increased by 2.6 percent during first eleven month s of the current fiscal year as compared to the corresponding period of last year. The seafood exports during July-May (2020-21) were recorded at $383.088 million against the exports […]

Energy flows where attention goes: European expertise in Pakistan

ISLAMABAD, Pakistan spans plains, deserts, forests, and plateaus, ranging from the Arabian Sea to the mountains of the Karakoram and Hindu Kush. The nation’s energy mix is dominated by thermal power, with almost 60% of electricity generated from oil-, gas- and coal-fired power plants. Fossil […]

Gold prices go up Rs450 to Rs109,300 tola

ISLAMABAD, The price of 24 karat per tola gold increased by Rs450 and was sold at Rs109,300 on Tuesday against its sale at Rs108,850 the previous day, Karachi Sarafa and Jewellers Group reported. The price of 10 gram 24 karat also increased by Rs386 and […]

Gold imports fall by 26.83% in 11 months

ISLAMABAD, The gold imports decreased by 26.83 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports during July-May (2020-21) were recorded at $8.508 million as […]

Rs5.8 trn tax target is quite achievable: Dr Waqar

ISLAMABAD, Special Assistant to the Prime Minister on Finance and Revenue Dr Waqar Masood Monday said the government had not imposed any new tax and the revenue target of Rs5.8 trillion for the upcoming fiscal year 2021-22 would be achieved by expanding tax base in […]

Exports increase 16.42% to Rs3.615 trillion in 11 months; 14.59% in May

ISLAMABAD, The exports from Pakistan in rupee term increased by 16.42 percent during the first eleven months of the current fiscal year as compared to corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports during July–May (2020 – 2021) totaled Rs.3,615,857 […]

Other Leather Manufactures exports increase record 49.23%

ISLAMABAD, Other Leather Manufactures exports during first eleven months of FY 2020-21 grew by 49.23 per cent as compared to the exports of the corresponding period of last year. During the period from July-April 20-21, other leather manufactures exported leather products worth US $14,493 thousand […]

IMF program is intact, new mission in coming August: Ministry of Finance

ISLAMABAD, The International Monetary Fund (IMF) program is intact and a new mission is expected to arrive in August to review full year’s economic performance. The government is committed to reforms and has made significant progress since the program was launched and subsequently put on […]

Poultry sector demands tax relief on inputs to keep prices down

ISLAMABAD, Central Chairman of Pakistan Poultry Association (PPA) Khalil Sattar on Sunday demanded for tax reduction on poultry inputs to avoid fluctuation in price of poultry items and keep the poultry prices down for the consumers. “Prolonged prevalence of COVID-19, disruption in global and local […]

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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