Pakistan News International

Business & Economy

Exports increase 16.57% to Rs3.359 trillion in 10 months; 116% in April

ISLAMABAD, The exports from Pakistan in rupee term increased by 16.57 percent during the first ten months of the current fiscal year as compared to corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports from the country during July-April (2020-21) were […]

Rs1 bln disbursed among female entrepreneurs under Kamyab Jawan Programme

ISLAMABAD, The government has so far disbursed around one billion rupee among the female entrepreneurs, qualified under the Youth Entrepreneurship Scheme (YES) of Kamyab Jawan Programme (KJP). Special Assistant to the Prime Minister (SAPM) on Youth Affairs Muhammad Usman Dar confirmed that the amount, out […]

Mobile phone imports increase 63.98pc to $1684m Sun, 23 May 2021, 1:52 PM

ISLAMABAD, The import of mobile phones into the country has witnessed an increase of 63.98 percent during the first ten months of current financial year (2020-21) as compared to the corresponding period of last year. Pakistan imported mobile phones worth US $1684.988 million during July-April […]

ECC approves credit guarantee scheme for SMEs

ISLAMABAD, The Economic Coordination Committee (ECC) of the Cabinet Friday approved various summaries including State Bank of Pakistan’s (SBP) ‘Refinance and Credit Guarantee Scheme for Collateral Free Lending to Small and Medium Enterprises (SMEs)” to facilitate SMEs which do not have collateral to get financing […]

Textile exports surge 17.35% to $12.692bn in 10 months; 213% in April

ISLAMABAD, The exports of textile commodities witnessed an increase of 17.35 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year and surged by 213 percent on year-on-year basis (YoY). The textile exports were recorded […]

Leather manufacturer exports increase record 13.29%

ISLAMABAD, Leather manufacturer exports during first ten months of FY 2020-21 grew by 13.29 per cent as compared to the exports of the corresponding period of last year. During the period from July-April 20-21, Leather Manufacturer worth US $ 467,789 thousand exported as compared to […]

Currency rates of NBP

KARACHI, Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Friday. CURRENCY SELLING BUYING USD 155.49 151.92 GBP 220.48 215.39 EUR 190.23 185.81 JPY 1.4284 1.3954 SAR 41.50 40.46 AED 42.34 41.35 […]

NBP Exchange Rates

KARACHI, Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 153.95 153.45 EURO EUR 188.34 187.73 JAPANESE YEN JPY 1.4143 1.4097 BRITISH POUND GBP 218.30 217.59 SWISS FRANC CHF […]

Foreign exchange rates

KARACHI, The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Friday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR […]

SBP introduces advance calendar of Monetary Policy Committee meetings

KARACHI, The State Bank of Pakistan (SBP) has decided to begin announcing a half-yearly schedule of Monetary Policy Committee (MPC) meetings on a rolling basis for making the process of monetary policy formulation more predictable and transparent. In a press statement issued here on Thursday, […]

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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