Pakistan News International

Business & Economy

FBR collect net revenue of Rs. 4,170 billion during July-May

ISLAMABAD, The Federal Board of Revenue (FBR) has collected net revenue of Rs. 4,170 billion during July to May period of 2020-21, which has exceeded the target of Rs.3, 994 billion by Rs. 176 billion. This represents a growth of about 18 percent over the […]

Usman Dar congrats NBP on disbursement of 5,000 soft loans

ISLAMABAD, Special Assistant to the Prime Minister (SAPM) on Youth Affairs Muhammad Usman Dar on Tuesday congratulated the National Bank of Pakistan (NBP) on disbursement of the soft loans under the Youth Entrepreneurship Scheme (YES) of Kamyab Jawan Programme (KJP). In a tweet, he said […]

Pakistan-Iran sign MoU to establish ‘Border Markets’: Razak Dawood

ISLAMABAD, Adviser to the Prime Minister for Commerce and Investment on Tuesday said Pakistan and Iran have signed the Memorandum of Understanding (MoU) to establish ‘Border Markets’ along with the border areas. According to the MOU signed, both sides agreed to establish ‘Border Markets’ along […]

The Kroger Co adds Pakistani food products to its outlets; Razak

ISLAMABAD, Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood Tuesday said leading United States (US) based retailers ’The Kroger Co’ had added Pakistani food products to its outlets. The Kroger Co – the third largest retail store chain in the US […]

CPI inflation decelerates to 10.09% on YoY basis

ISLAMABAD, The Consumer Price Index (CPI) based monthly inflation decelerated to 10.09 percent on year-on-year (YoY) basis during the month of May 2021, from 11.1 percent during April 2020, Pakistan Bureau of Statistics (PBS) reported. On month-on-month (MoM) basis, it increased by 0.1% in May […]

USA, UK, China top three destinations of Pakistani exports in 10 months

ISLAMABAD, United States of America (USA) remained the top export destinations of the Pakistani products during the first ten months of financial year (2020-21), followed by United Kingdom (UK) and China. Total exports to the USA during July-April (2020-21) were recorded at US $ 4019.722 […]

Oil seeds, Nuts, Kernals exports increased by 193.66% in 10 months

ISLAMABAD, Oil seeds, Nuts and Kernals exports during first ten months of fiscal year 2020-21 grew by 193.66 per cent as compared to the exports of the corresponding period of last year. During the period from July-April 20-21, Oil seeds, Nuts and Kernals worth US$ […]

Pakistan exports carrying capacity of $150 billion: President ICCI

ISLAMABAD, President Islamabad Chamber of Commerce and Industry (ICCI) Sardar Yasir Ilyas Khan on Sunday said that Pakistan has an overall exports potential of $150 billion through focusing on industrial competitiveness to increase the country’s exports in world potential markets. “Industrial competitiveness, use of innovative […]

Gov’t focusing on targeted sectors to ensure inclusive, sustainable growth: Tarin

ISLAMABAD, Federal Minister for Finance and Revenue, Shaukat Tarin on Sunday said government was determined to ensure inclusive and sustainable growth by focusing on development of few targeted sectors of economy including revenues, agriculture, industry and external trade. Addressing a webinar titled, “Budget 2020: Balancing […]

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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