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Business & Economy

Tarin for evolving consensus on macroeconomic stabilization to sustain growth

ISLAMABAD, : Federal Minister for Finance and Revenue, Shaukat Tarin, chairing the first session of the Economic Advisory Council (EAC) after its re-constitution Thursday, emphasized the importance of evolving consensus on macro-economic stabilization measures and reform agenda for an inclusive and sustained economic growth after […]

Govt working to achieve sustainable higher economic growth: Asad Umar

ISLAMABAD, Apr 22 (APP): Minister for Planning, Development and Special Initiatives Asad Umar on Thursday said after stabilizing the country’s economy, the government was now working towards growth which would not not only high enough but sustained for a longer period. Addressing the launching event […]

NBP Exchange Rates

KARACHI, :Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 153.45 152.95 EURO EUR 184.55 183.95 JAPANESE YEN JPY 1.4196 1.4149 BRITISH POUND GBP 213.59 212.89 SWISS FRANC CHF […]

Tarin reiterates commitment to achieve macroeconomic stability

ISLAMABAD, : Federal Minister for Finance and Revenue, Shaukat Fayyaz Ahmad Tarin on Tuesday reiterated government’s firm commitment in undertaking reforms to achieve macroeconomic stability, build fiscal resilience and stimulate economic recovery amid and post COVID-19 scenarios. The minister during a a virtual meeting with […]

UN-GCNP promotes Urban Forests in Industrial Estates

KARACHI: The UN Global Compact Network Pakistan has complimented and felicitated Pakistan Cables, a member of the Network, for taking the initiative to develop an Urban Forest by planting 40,000 trees on 2.50 acres in their new unit in Nooriabad industrial estate. At the same […]

Russian businessmen meet PM

ISLAMABAD – Prime Minister Imran Khan on Monday reiterated the government’s resolve to provide business friendly environment to investors to attract much needed foreign direct investment (FDI). The prime minister expressed these views while talking to a delegation of leading Russian businessmen that called on […]

Rupee loses 12 paisas vs dollar

ISLAMABAD – The exchange rate of Pakistani rupee weakened by 12 paisas against the US dollar in the interbank trading on Monday and closed at Rs152.93 as compared to the previous day’s closing of Rs152.81. According to Forex Association of Pakistan, the buying and selling […]

FBR discusses $400m tax automation programme with World Bank

ISLAMABAD – Federal Board of Revenue (FBR) Chairman, Asim Ahmed has discussed $ 400 million program for domestic resource mobilisation through the automation of tax collection processes with the Work Bank. The World Bank Country Director for Pakistan, Najy Benhassine called on Chairman FBR Asim […]

NTDC completes 4 more 500 kV Transmission Line Circuits

ISLAMABAD – In pursuits of early completion of its projects, the National Transmission & Dispatch Company Limited (NTDC) has completed four more 500 kV transmission line circuits for evacuation of electricity from power plants located in southern parts of the country. The transmission line circuits […]

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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