Pakistan News International

Business & Economy

First-ever truck from Uzbekistan reach Pakistan under TIR Convention

ISLAMABAD, :Adviser to Prime Minister on Commerce and Industry Abdul Razak Dawood on Wednesday said that a new milestone has been achieved with the first-ever truck from Uzbekistan reaching Pakistan under the TIR Convention. This was the result of collaboration between the transport companies of […]

Pakistan exports to EU increase by $ 1.1 billion in last 10 months

ISLAMABAD, :Adviser to Prime Minister on Commerce and Investment , Abdul Razak Dawood on Wednesday said that Pakistan exports to European Union (EU) countries increased by $ 1.1 billion during last 10 months of current Fiscal Year 2020-21. The increased by 17.4 percent to $ […]

Pakistan-Uzbekistan transit trade marks historic launch

ISLAMABAD, Project for Pakistan and Uzbekistan transit trade and export goods to Pakistan through the territory of Afghanistan launched on Tuesday in Islamabad. According to the Press Release from Ministry of Commerce, the Embassy of Uzbekistan in Pakistan together with Pakistani transport company “Best Trans […]

NPMC sees rising international prices as a cause of inflation

ISLAMABAD, The National Price Monitoring Committee (NPMC) on Monday observed that major driver behind increase in prices of items of daily use was massive international price hike due to ongoing COVID-19 crisis. The NPMC meeting was held here under the chairmanship of Finance Minister, according […]

Amazon operation in Pakistan to unleash new vistas for exports

ISLAMABAD, Pak-US Business Council on Sunday hailing the epoch making decision of US e-commerce giant “ Amazon” to add Pakistan to its seller list said it would unleash new vistas for young entrepreneurs to join the global export markets. Founder chairman Pak US Business Council […]

Local POL production increases 12.71% in 3rd quarter

ISLAMABAD, The overall production of petroleum commodities has witnessed an increase of 12.71 percent during the first three quarters of financial year 2020-21 as compared to corresponding period of last year. The Petroleum, Oil and Lubricants (POL) products that showed growth including kerosene oil production, […]

Amazon to add Pakistan in sellers’ list in few days

ISLAMABAD, The United States (US) e-commerce giant ‘Amazon’ will add Pakistan to its sellers’ list within a few days, Adviser to Prime Minister for Commerce and Investment,Abdul Razak Dawood said on Thursday. An important milestone of the e-Commerce policy has been achieved through teamwork by […]

PSX stay bullish, gains 231 points, closes at 45,174 points

ISLAMABAD, The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 231.06 points, with positive change of 0.51 per cent, closing at 45,174.67 points against 44,943.61 points on the last working day. A total of 245,642,752 shares were traded […]

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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