Pakistan News International

Business & Economy

AEO Australian education expo attracts hundreds of students

LAHORE    –  This February once again AEO Education Expo is being organised across 9 major cities of Pakistan i.e., Lahore, Islamabad, Karachi, Multan, Sialkot, Faisalabad, Abbottabad, Peshawar and Hyderabad. The AEO expo is providing an ideal platform to prospective students across the country, to get free […]

NA body defers amendment in Nepra Act

ISLAMABAD   –  The NA Standing Committee on Power Monday deferred the amendment in the Nepra Act, which would have empoweedr the government to impose new surcharges on the electricity consumers, saying the inefficiency of the power distribution companies (Discos) should not be passed on to the […]

Rupee gains 4 paisas vs dollar

ISLAMABAD    –  The exchange rate of Pakistani rupee strengthened by 04 paisas against the US dollar in the interbank trading on Monday and closed at Rs159.06 as compared to the previous day’s closing of Rs159.10. Meanwhile, according to Forex Association of Pakistan, the buying and […]

Domestic steel re-bar prices likely to cross Rs150,000 per tonne

ISLAMABAD   –  The domestic steel re-bar prices are feared to cross Rs150,000 per tonne on massive surge in global scrap rates, which have gone up from $350 per tonne in October to $455 per tonne. The industry sources say the higher steel prices could jeopardize the […]

Exports increase 10.13pc to Rs2.322tr in 7 months; 12.66pc in January

ISLAMABAD-The exports from Pakistan in rupee term increased by 10.13 percent during the first seven months of the current fiscal year as compared to corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports during July-January (2020-21) were recorded at Rs2,322,358 million as against […]

Sudan shifts to managed currency float amid economic crisis

Khartoum-Sudan announced on Sunday it was ditching its fixed exchange rate and adopting a managed float, in line with an IMF programme but at the risk of fanning already-simmering discontent. The move aims to stem a flourishing black market that has seen the local pound recently trade […]

SBP Governor to moderate consultative dialogue on SBP’s banking

KARACHI-The State Bank of Pakistan (SBP) has developed a draft policy titled ‘Banking on Equity’, which aims to introduce a gender lens within the financial sector through targeted measures to bring a shift to women friendly business practices and to significantly increase women’s financial inclusion in Pakistan. […]

FBR seizes smuggled goods worth Rs35 billion in seven months

ISLAMABAD-The Federal Board of Revenue (FBR) seized smuggled goods worth Rs35 billion during the first seven months of the current fiscal year (July-January 2020-21). According to a press statement issued by the board on Sunday, this shows an increase of 59 percent when compared to the corresponding […]

Oil import bill shrinks 20.9pc to $5.64b

ISLAMABAD-The country’s oil import bill witnessed reduction of 20.90 per cent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The oil imports during July-January (2020-21) were recorded at $5640.751 million against the imports of $7131.451 million […]

Textile exports increase 8.23pc to $8.765b in seven months, 10.79pc in January

ISLAMABAD-The exports of textile commodities witnessed an increase of 8.23 per cent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The textile exports were recorded at $8765.739 million in July-January (2020-21) against the exports of $8099.095 […]

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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