Pakistan News International

Business & Economy

Soomro chairs meeting of PC Board

ISLAMABAD, :Federal Minister for Privatization Mohammed Mian Soomro Wednesday chaired meeting of Privatization Commission (PC) Board. The meeting was attended by Privatization Board members, Federal Secretary Privatization and senior officers of the ministry. Advisor to the Prime Minister on Power Tabish Gohar attended the meeting […]

Pakistan’s exports to USA increase 11.86pc in eight months

ISLAMABAD-Pakistan’s exports of goods and services to USA witnessed a surge of 11.86 per cent during the eight months of financial year (2020-21) compared to the corresponding period last year. The overall exports to USA were recorded as $3082.199 million during July-February (2020-21) against exports […]

Pakistan’s exports to USA increase 11.86% to $3082 mln in 8 months

ISLAMABAD, :Pakistan’s exports of goods and services to United State of America (USA) witnessed a surge of 11.86 percent during the eight months of financial year (2020-21) compared to the corresponding period last year. The overall exports to USA were recorded as US $ 3082.199 […]

Palm oil imports increase 34pc to $1.585 bln in 8 months

ISLAMABAD, :The palm oil imports into the country increased by 34.03 percent during the first eight months of the current fiscal year against the imports of the same period of last year. The palm oil imports during July-February (2020-21) were recorded at $1585.381 million against […]

Gold price dips by Rs700 per tola

ISLAMABAD   –   The price of 24 karat per tola gold decreased by Rs700 on Monday and was traded at Rs107,300 against its sale at Rs108,000, Karachi Sarafa and Jewellers Group reported. The price of 10 gram 24 karat gold also decreased by Rs601 and was […]

Experts warn of high inflation as a result of IMF conditions

ISLAMABAD   –  Inflation rate is likely to increase in the weeks to come due to government’s economic policies adopted to revive the International Monetary Fund (IMF) programme.  The government has recently decided to impose additional taxes worth Rs140 billion as part of the conditions set […]

WAPDA for water’s optimal utilization by constructing a number of dams

ISLAMABAD   –   Cognizant of the value of water for survival of life as well as progress and prosperity of human beings, Pakistan Water and Power Development Authority (WAPDA) is committed for optimal utilization of the precious resource of water by constructing a number of projects. […]

SNGPL, SSGC demand 14 to 220pc raise in gas prices from July 01

Islamabad   –  Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) have sought 14 to 220 per cent increase in its prescribed prices effective from July 01, 2021. In its petition, Sui Northern Gas Pipeline Limited (SNGPL) has requested Oil and Gas Regulatory […]

Gold price up by Rs800 per tola

ISLAMABAD   –   The price of 24 karat per tola gold increased by Rs800 on Saturday and was traded at Rs108,000 against its sale at Rs107,200, Karachi Sarafa Association reported. The price of 10 gram 24 karat gold also increased by Rs686 and was traded at […]

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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