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Business & Economy

High capacity scanner to be installed at Karachi Airport: Adviser

ISLAMABAD, Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Thursday said that Ministry of Commerce and Civil Aviation Authority (CAA) agreed to install a state-of-the-art high capacity scanner at Karachi Airport. Installation of scanner will enable export consignments of vegetables and […]

Finance Minister updated on tariff rationalization measures

ISLAMABAD, Ministry of Commerce Wednesday updated the Federal Minister for Finance and Revenue Shaukat Tarin on tariff rationalization measures and its role in enhancing economic activities in the country. The update was given during a meeting on tariff rationalization, which was presided over by the […]

FFC Announces First Quarterly Results for Year 2021

Rawalpindi, :Fauji Fertilizer Company Limited (FFC) has announced its financial results for the quarter ended March 31, 2021 with net profitably of Rs 5.82 billion translating into an EPS of Rs 4.57 which was 36% higher than the last year. The company also declared first […]

Finance Minister briefed on Kamyab Jawan Programme

ISLAMABAD, : Pakistan Tahreek-i-Insaf (PTI) Senior Leader and Former Special Assistant to the Prime Minister on Youth Affairs, Usman Dar Tuesday briefed the Federal Minister for Finance and Revenue, Shaukat Tarin about youth-focused development initiatives taken by the government in spheres of education, employment and […]

Minister extends govt’s support to K-Electric

ISLAMABAD, : Federal Minister for Finance and Revenue, Shaukat Tarin Tuesday stated that the government was ready to extend all possible support to the K-Electric for overcoming constraints and making it dynamic and sustainable in the long-run. The minister was talking to Chairman K-Electric Shan […]

Gold imports fall by 48.10 in 3 quarters

ISLAMABAD, :The gold imports decreased by 48.10 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports into the country during July-March (2020-21) were recorded at […]

Pakistan to further strengthen economic linkages with UK: Tarin

ISLAMABAD, Federal Minister for Finance and Revenue, Shaukat Tarin said Monday that Pakistan attached special importance to bilateral relations with the United Kingdom and affirmed to further strengthen economic and business linkages between the two countries. The minister was talking to British High Commissioner to […]

Islamabad STZ to attract $100 million Investment in next 5 years: STZA

ISLAMABAD, :Chairman, Islamabad Special Technology Zones Authority (STZA) Amer Hashmi on Friday said that the Islamabad Special Technology Zone (STZ) would attract $ 100 million Investment in the next 5 Years to contribute to the national economy. Chairman STZS said the first Technology Park in […]

Inflation goes down in first week of Ramzan

ISLAMABAD, :The Sensitive Price Indicator (SPI) based weekly inflation during the first week of holy month of Ramzan, for the combined consumption group, witnessed decrease of 0.40 percent as compared to the previous week. According to the data released by Pakistan Bureau of Statistics (PBS) […]

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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