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Business & Economy

Russian businessmen meet PM

Posted on by News Desk

ISLAMABAD – Prime Minister Imran Khan on Monday reiterated the government’s resolve to provide business friendly environment to investors to attract much needed foreign direct investment (FDI). The prime minister expressed these views while talking to a delegation of leading Russian businessmen that called on […]

Rupee loses 12 paisas vs dollar

Posted on by News Desk

ISLAMABAD – The exchange rate of Pakistani rupee weakened by 12 paisas against the US dollar in the interbank trading on Monday and closed at Rs152.93 as compared to the previous day’s closing of Rs152.81. According to Forex Association of Pakistan, the buying and selling […]

NTDC completes 4 more 500 kV Transmission Line Circuits

Posted on by News Desk

ISLAMABAD – In pursuits of early completion of its projects, the National Transmission & Dispatch Company Limited (NTDC) has completed four more 500 kV transmission line circuits for evacuation of electricity from power plants located in southern parts of the country. The transmission line circuits […]

Bitcoin, cryptocurrencies recover from sharp decline

Posted on by News Desk

Bitcoin and cryptocurrencies have been recovering on Monday from their largest decline seen since December, after investors are taking advantage of recent low prices. After Bitcoin rose to a record level of $63,475 on Thursday, many cryptocurrencies such as Ethereum, Ripple and Dogecoin followed suit […]

PRGMEA wants duty-free fabric import from across world

Posted on by News Desk

LAHORE – Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), supporting the Prime Minister’s stand of ‘no trade with India’ under current circumstances, has reiterated its demand of allowing duty-free import of fabric from across the world to overcome local shortage, as the fabric in […]

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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