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Business & Economy

SECP records major progress in information security standards

Posted on by News Desk

ISLAMABAD   –   The Securities and Exchange Commission of Pakistan (SECP) has achieved ISO/IEC 27001:2013 certification; the international standards outlining best practices for Information Security Management Systems (ISMS). Awarded by the independent certification body M/s. Resource Inspections Canada Incorporated (RICI), the certification showcases SECP’s […]

Bitcoin hits a new record, increasing to $48,481

Posted on by News Desk

Bitcoin has set a record jumping more than 8 percent to $48,481, continuing the upward trend after Tesla purchased $1.5 billion of the virtual currency. The latest surge brings it past its previous record of $47,387 after the popular crypto currency gained 5.7 percent. Earlier in the day, Elon […]

CCOE endorses proposed draft National Electricity Policy 2021

Posted on by News Desk

ISLAMABAD   –  The Cabinet Committee on Energy (CCOE) Thursday endorsed the proposed draft National Electricity Policy 2021, directing the Power Division to incorporate the agreed recommendations and submit the same to the Cabinet and CCI for final approval.  A meeting of the Cabinet Committee on Energy (CCOE) was held […]

Rupee gains 04 paisas against US dollar

Posted on by News Desk

ISLAMABAD -The exchange rate of Pakistani rupee strengthened by 04 paisas against the US dollar in the interbank trading on Wednesday and closed at Rs159.30 as compared to the previous day’s closing of Rs159.34. Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of […]

Nepra notifies Rs1.53 per unit increase for December 2020

Posted on by News Desk

ISLAMABAD-The National Electric Power Regulatory Authority (NEPRA) on Wednesday increased power tariff by Rs1.5359 per unit on account of monthly fuel charges adjustment (FCA) for December 2020. The Central Power Purchasing Agency (CPPA) on behalf of DISCOs had requested for permission to charge Rs1.8085 per unit […]

Aslam Iqbal chairs meeting of PAMRA

Posted on by News Desk

LAHORE- Punjab Minister for Industries & Trade Mian Aslam Iqbal chaired a meeting of Punjab Agricultural Marketing Regulatory Authority (PAMRA) at CM Office on Tuesday. Agriculture Minister Hussain Jehanian Gardezi, Economic Affairs Advisor Salman Shah, DG Industries, DG PAMRA and others attended the meeting while […]

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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