Pakistan News International

Business & Economy

ACT Alliance urges govt to fix Tax Tracking System

ISLAMABAD, Oct 01 :The ACT Alliance Pakistan on Tuesday praised the government’s efforts to boost tax revenue but urged immediate action to fix problems with the country’s Track and Trace System (TTS). The alliance welcomed the government’s Rs34 billion upgrade of the Federal Board of […]

Pakistan’s exports to US increase by 1.62% in 2 months

ISLAMABAD, Sep 25 :Pakistan’s export of goods and services to the United States (US) witnessed an increase of 1.62 percent during the first two months of the current fiscal year (2024-25) as compared to the exports of the corresponding months of last year, State Bank […]

Currency rates of NBP

KARACHI, Sep 24:Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Tuesday. CURRENCY SELLING BUYING USD 281.08 274.97 GBP 375.40 367.21 EUR 312.39 306.14 JPY 1.9554 1.9126 SAR 74.92 73.28 AED 76.53 75.37 […]

Pakistan, China join hands to tap global Kiwifruit market potential

ISLAMABAD, Sep 23 : Agricultural experts have expressed optimism that Pakistan could become a significant player in the global kiwifruit market by collaborating with China, following an assessment of its potential during the recently concluded International Training Workshop on Kiwifruit Production in Sichuan. A memorandum […]

Gold rates increase further by Rs.500 per tola to Rs.272,500

ISLAMABAD, Sep 21 :The per tola price of 24 karat gold increased by Rs.500 and was sold at Rs.272,500 on Saturday compared to its sale at Rs.272,000 on last trading day. The price of 10 grams of 24 karat gold also increased by Rs.429 to […]

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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