Pakistan News International

Business & Economy

Oil prices up as US economy shows positive signs

Crude oil prices increased on Thursday on positive economic recovery signs in the US and with a large draw on the country’s fuel inventories. International benchmark Brent crude was trading at $68.28 per barrel at 0658 GMT for a 0.55% increase after closing Wednesday at $67.90 a […]

Gold price up by Rs500 per tola

ISLAMABAD – The price of 24 karat per tola gold increased by Rs 500 on Tuesday and was sold at Rs103,000 against sale at Rs102,500, Karachi Sarafa Association reported. The price of ten gram 24 karat gold also increased by Rs428 and was traded at Rs88,305 […]

Reforms by SECP lead to 39pc growth in new companies’ registration

ISLAABAD-A host of reforms introduced by the Securities and Exchange Commission of Pakistan (SECP) for ease of doing business have led to 39 per cent corporate growth in February compared to the same month last year. The Corporate Registrar has incorporated 2,257 new companies and startups in […]

KP govt, Chinese company sign agreement for 300MW Balakot Hydro Power Project

PESHAWAR – Khyber Pakhtunkhwa government Tuesday signed contract agreement with a Chinese company for construction of 300MW Balakot Hydro Power Project. The 300-megawatt project, the biggest-ever power project of Khyber Pakhtunkhwa, would be constructed with an estimated cost of Rs 85 billion in a period of six years with the […]

Auto industry growing as govt policies promote competion

ISLAMABAD – At a time when economic activities have slowdown in the country, the motor industry has grown and evolved with an influx of new vehicles.  The government had granted functioning licenses to six new entrants in order to create competition in the automobile sector under the […]

Govt likely to finalise mega GB development plan by end of March

ISLAMABAD – The government is likely to finalize the multi-billion rupees Gilgit Baltistan (GB) development plan by the end of March, it is learnt reliably here. During the final week of March, Prime Minister Imran Khan will be briefed about the GB development plan and after his […]

USA, UK, China top 3 destinations of Pak exports in 7 months

ISLAMABAD-United States of America (USA) remained the top export destination of the Pakistani products during the seven months of financial year (2020-21), followed by United Kingdom (UK) and China. Total exports to the USA during July-January (2020-21) were recorded at $2680.250 million against the exports of […]

Second CPEC, SEZ start with Rs53.6b investment in Faisalabad: BOI

ISLAMABAD   –     The Board of Investment (BOI) has said that second SEZ of CPEC begins with planned Rs53.6 billion investment in Faisalabad to attract the foreign and local investors with state of art world standard facilities. After the launch of CPEC’s first Rashakai SEZ, colonisation of the […]

China exports spike to highest in decades after COVID

Beijing    –  China’s export growth jumped to the highest in over two decades, official data showed on Sunday, with imports also surging in a sharp bounce back from the coronavirus outbreak that had brought activity to a near halt. Electronics and textile exports such as masks contributed […]

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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