Pakistan News International

Business & Economy

Weekly inflation goes up 2.41 per cent

ISLAMABAD-The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on February 25, for the combined consumption group, witnessed increase of 2.41 per cent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 147.09 points […]

Gold price down by Rs1050/tola

ISLAMABAD- The price of 24 karat per tola gold decreased by Rs 1050 on Saturday and was sold at Rs108,200 against sale at Rs109,250, Karachi Sarafa Association reported. The price of ten gram 24 karat gold also decreased by Rs 900 and was traded at Rs 92,764 against […]

Foreign exchange reserves to come under pressure in next few months

ISLAMABAD-Pakistan’s foreign exchange reserves would come under pressure in next few months due to the massive repayment against previous loans and resurgence of current account deficit. The country has to repay over $7 billion to the different countries and institutions before June this year, which […]

Housing scheme approved by PHATA launched in Eminbad

LAHORE   –  Punjab Housing and Town Planning Agency (PHATA) has taken lead by initiating a private housing scheme for affordable houses as envisaged by Prime Minister Imran Khan under Naya Pakitan vision. DG PHATA and Special Secretary HUD&PHED performed the ground breaking ceremony the other day. The […]

Power tariff hike can reverse economic revival exercise, says VP FPCCI

LAHORE   –  Raja Muhammad Anwer, vice president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has said the government should focus on ease of doing business as the Prime Minister of Pakistan Imran Khan has always highlighted. “Just like rest of the world, global pandemic […]

Nepra reduces ROE of three nuclear power generation plants of 931MW

ISLAMABAD   –  National Electric Power Regulatory Authority (Nepra) has reduced the Return On Equity (ROE) of three nuclear power generation plants of 931MW which will result in saving of approximately Rs 2.05 billion annually for next 25-37 years. Nepra, in a landmark decision, has reduced the Return […]

FBR to publish Active Taxpayers’ List for 2020 on March 1

ISLAMABAD   –  Federal Board of Revenue will publish the Active Taxpayers’ List for Tax Year 2020 on 1st March, 2021 in accordance with the provisions of Rule 81B of Income Tax Rules, 2002. Presently, FBR’s Active Taxpayers List (ATL) is linked with income tax returns for Tax […]

Pakistan earns US $224 million from export of travel services in 1st half

ISLAMABAD   –  Pakistan earned US $224.12 million by providing different travel services in various countries during the first half of current financial year 2020-21. This shows decline of 18.54 percent as compared to US $275.114 million same services were provided during the corresponding period of fiscal year […]

FBR says ‘FASTER Plus system’ expeditious, transparent

ISLAMABAD   –  FBR’s Inland Revenue (Operations) Member Dr Muhammad Ashfaq has said that the newly-upgraded ‘Fully Automated Sales Tax e-Refund (FASTER) Plus system’ is so expeditious and transparent that now there is no need of sales tax zero rating regime for the exporters. While addressing a meeting […]

NPMC takes notice of increase in prices of chicken, eggs

ISLAMABAD   –  National Price Monitoring Committee (NPMC) has taken the notice of increase in prices of chicken and eggs and directed the provincial governments to take corrective measures and ensure supply of poultry at affordable prices throughout the country. Federal Minister for Finance and Revenue, Dr Abdul […]

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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