Pakistan News International

Business & Economy

Asian markets push higher as traders focus on recovery outlook

Hong Kong-Most Asian markets advanced again on Wednesday as investors ignored a stall in Wall Street’s rally, with eyes firmly on the long-term outlook for the global economy as lockdowns are eased and life slowly improves. Falling infections rates, growing vaccination programmes and the prospects of a huge […]

Nepra notifies Rs1.53 per unit increase for December 2020

ISLAMABAD-The National Electric Power Regulatory Authority (NEPRA) on Wednesday increased power tariff by Rs1.5359 per unit on account of monthly fuel charges adjustment (FCA) for December 2020. The Central Power Purchasing Agency (CPPA) on behalf of DISCOs had requested for permission to charge Rs1.8085 per unit […]

OGRA determines gas price at Rs644.84 per MMBTU on SNGPL network

ISLAMABAD-Oil and Gas Regulatory Authority (OGRA) on Wednesday ‘provisionally’ determined the gas price at Rs644.84 per MMBTU (Million British Thermal Unit) against each category of consumers on the network of Sui Northern Gas Pipelines Limited (SNGPL) for the fiscal year 2020-21. Disposing of the SNGPL’s review petition for the […]

Govt plans to bring down soaring debt-to-GDP ratio to 78pc by 2024

ISLAMABAD-The government has plan to bring the down the soaring debt-to-GDP ratio to 78 per cent in next few years by increasing revenue mobilisation, reduce expenditures and reform public sector enterprises (PSEs). Pakistan’s debt-to-GDP ratio was recorded at 87.2 per cent at end June 2020, which […]

Aslam Iqbal chairs meeting of PAMRA

LAHORE- Punjab Minister for Industries & Trade Mian Aslam Iqbal chaired a meeting of Punjab Agricultural Marketing Regulatory Authority (PAMRA) at CM Office on Tuesday. Agriculture Minister Hussain Jehanian Gardezi, Economic Affairs Advisor Salman Shah, DG Industries, DG PAMRA and others attended the meeting while […]

Chinese envoy, Wapda chairman discuss water, hydropower projects

LAHORE/ISLAMABAD-Chinese Ambassador to Pakistan Nong Rong on Tuesday called on Water and Power Development Authority (Wapda) Chairman Lt Gen (r) Muzammil Hussain. The matters relating to the Chinese cooperation for Wapda in construction of water and hydropower projects were discussed during the meeting. Speaking on the occasion, […]

ADB shows interest in construction of Strategic Underground Gas Storages

ISLAMABAD-Asian Development Bank has shown interest in the construction of Strategic Underground Gas Storages (SUGSs). Work on SUGSs is likely to commence in August 2021. The Strategic Underground Gas Storages (SUGSs) along with other matters of the oil and gas sector was discussed by Nadeem […]

NPMC for making efforts to avoid hoarding, black marketing, smuggling

ISLAMABAD – National Price Monitoring Committee (NPMC) Monday urged the provincial governments and departments concerned to make consolidated and coordinated efforts to avoid hoarding, black marketing and smuggling to ensure uninterrupted supply of basic commodities at affordable prices across the country. A meeting of National Price Monitoring […]

Agriculture, live stock major potential of GB region: Italian Envoy

ISLAMABAD   –  Ambassador of Italy to Pakistan Andreas Ferrarese on Sunday said Gilgit Baltistan (GB) has huge potential in agriculture and livestock and transfer of technology would be must to promote the value addition in these sectors. GB is potential region for promoting the agriculture, live […]

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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