Pakistan News International

Business & Economy

Gold prices remain unchanged at Rs104,100 per tola

ISLAMABAD, The price of 24 karat per tola gold remained unchanged at Rs 104,100 on Tuesday, Karachi Sarafa and Jewellers Group reported. The price of 10 gram 24 karat and 10 gram 22 Karat also witnessed no change in prices and were traded at Rs […]

FPCCI lauds PM development package for GB, terms it an new era of prosperity

ISLAMABAD, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday lauded the vision and endeavor of Prime Minister for the development of Gilgit Baltistan. In a press statement, Chairman FPCCI Qurban Ali, appreciated the announcement of the development package of Rs370 billion aiming […]

Eastbay Expressway Gwadar to be completed in October: Asim Bajwa

ISLAMABAD, Work on the Eastbay Expressway Gwadar project is in final stage that would be completed by October 2021, Chairman CPEC Authority Lt. Gen (Retd) Asim Saleem Bajwa said on Sunday. In his tweet, Asim Bajwa said that the 14.5 kilometers offshore expressway had already […]

Tareen assures consultation with FPCCI for budget preparation

KARACHI, :Federal Minister for Finance, Shoukat Tareen assured consultation with all stakeholders in budget preparation process to achieve goals of sustainable development and inclusive growth. In an online meeting with Federation of Pakistan Chambers of Commerce and Industry (FPCCI) the finance minister, appreciated budget proposal […]

Tarin holds virtual meeting with FPCCI

LAHORE, Economic Advisory Council (EAC) will include 12 members from the FPCCI (Federation of Pakistan Chambers of Commerce and Industry) to take decisions in consultation with the FPCCI as nothing can be done without taking the FPCCI into confidence. Federal Finance and Revenue Minister Shaukat […]

Gold prices increase by Rs300 to Rs104,200 per tola

ISLAMABAD, The price of 24 karat per tola gold witnessed increase of Rs 300 on Thursday and was traded at Rs 104,200 as compared to 103,900 the previous day, Karachi Sarafa and Jewellers Group reported. The price of 10 gram 24 karat gold also increased […]

Tarin for early completion of Pakistan Single Window project

ISLAMABAD, Federal Minister for Finance and Revenue, Shaukat Tarin, Thursday urged upon the Federal Board of Revenue (FBR) and other concerned departments to make an all-out effort for completion the Pakistan Single Window (PSW) project that would pave way for ease in imports and exports. […]

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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