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Business & Economy

Rupee loses 21 paisas against US dollar

Posted on by News Desk

ISLAMABAD   –   The exchange rate of Pakistani rupee weakened by 21 paisas against the US dollar in the interbank trading on Monday and closed at Rs160.38 as compared to the previous day’s closing of Rs160.17.  Meanwhile, according to Forex Association of Pakistan, the buying and selling […]

FBR urges traders, taxpayers to use E-payment facility

Posted on by News Desk

ISLAMABAD   –  In continuation of FBR reforms and modernization drive, E-Payment facility for payment of all FBR taxes as well as some provincial taxes have been introduced for convenient and hassle-free payment. On the one hand, traders can electronically pay all import duties and taxes through Customs […]

Gold price decreases Rs100 per tola

Posted on by News Desk

ISLAMABAD   –   The price of 24 karat gold per tola decreased by Rs100 and was sold at Rs113,200 on Monday against its sale at Rs113,300 the previous day, Karachi Sarafa Association reported. Providing market details, it said the price of ten-gram 24 karat […]

09 olive extraction plants installed under PSDP

Posted on by News Desk

ISLAMABAD, : More than nine advanced oil extraction plants have been installed to harness the increasing olive oil production on commercial scale for farmers. The oil extraction units were installed under Public Sector Development Program (PSDP) to promote olive cultivation to reduce reliance on imported […]

IRSA releases 43,200 cusecs water

Posted on by News Desk

ISLAMABAD   –   Indus River System Authority (IRSA) on Sunday released 43,200 cusecs water from various rim stations with inflow of 51,400 cusecs. According to the data released by IRSA, the water level in the Indus River at Tarbela Dam was 1471.54 feet, which […]

Gold price falls by Rs1300 per tola

Posted on by News Desk

ISLAMABAD- The price of 24 karat gold decreased by Rs1300 per tola and was sold at Rs113,300 on Saturday against its sale at Rs114,600 the previous day, Karachi Sarafa Association reported. Providing market details, it said the price of ten gram 24 karat gold also […]

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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