Pakistan News International

Business & Economy

Consistent policies vital for sizable improvement in exports: Piaf

LAHORE – Pakistan Industrial and Traders Association Front (PIAF) chairman Mian Nauman Kabir has said the government has to formulate long-term and consistent policies for the revival of industry and considerable improvement in exports, as contrary to regional countries, Pakistan’s exports have remained stagnant for […]

Pakistan re-enters int’l capital market

ISLAMABAD – Pakistan has entered the international capital market after a gap of over three years by successfully raising USD 2.5 billion through a multi-tranche transaction of 5-, 10- and 30-year Eurobonds. The transaction generated great interest as leading global investors from Asia, Middle East, […]

March food prices at nearly 7-year high: UN body

Building from a 10-month rise, in March world food prices hit their highest monthly average since June 2014, the UN Food and Agriculture Organization (FAO) said Thursday. The FAO Food Price Index averaged 118.5 points this March, up 2.4 points or 2.1% from a month […]

NEPRA reduces tariff of Bagasse, Wind, Solar power plants

National Electric Power Regulatory Authority (NEPRA) has reduced the Return on Equity (ROE), Return on Equity during Construction (ROEDC), Operation & Maintenance and Insurance components of seven bagasse, three wind and two solar PV Independent Power Producers (IPPs) having cumulative capacity of around 355 MW. […]

NEPRA increases power tariff by Rs0.64 per unit

Islamabad – The National Electric Power Regulatory Authority (NEPRA) has allowed the ex-WAPDA Discos an increase of Rs.0.64 per unit in power tariff under the Fuel Charges Adjustment (FCA) for the month of February. The decision will have an impact of Rs 5.28 billion on […]

SECP enables startups to offer employee stock options plan

ISLAMABAD – In order to accelerate business growth in Pakistan, the SECP has given clearance to private limited companies including startups to offer Stock Option Plans, which give them the flexibility to award stock options to employees. Employee Stock Option Plan (ESOP) is a popular […]

FBR, PRAs ink MoU for single sales tax return, web portal

ISLAMABAD – Federal Board of Revenue and all the four Provincial Revenue Authorities (PRAs) have signed a memorandum of understanding (MoU) for a single sales tax return and single web portal. Signing of the MoU is one of the most significant components of harmonization of […]

Poultry processers for reducing duty on import of raw material

LAHORE – Poultry processing industry has demanded the government to reduce duties on import of ingredients/medicines used for feed manufacturing for making the end product compatible in the global market. “Our processed poultry products are 20-25 per cent more expensive as compared to Brazilian products”, […]

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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