Pakistan News International

Business & Economy

Railways ministry completes hiring process for two of its Karachi-based projects

ISLAMABAD-Pakistan Railway has completed the hiring process for the advisory services of Karachi Circular Railway (KCR) and Railway Freight Corridor (RFC) from KPT to Pipri. The meeting of Progress Monitoring and Facilitation Committee for Federal Portfolio under the Karachi Transformation Plan were held under the chairmanship of […]

Exporters asked to focus on capturing larger share of international exports

ISLAMABAD-Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Friday urged the exporters to aggressively focus on capturing a larger share of international exports. Dawood paid rich tributes to Pakistan’s exporters for achieving handsome growth in exports in last few months in […]

Ogra increases RLNG price by $0.88 per MMBTU

ISLAMABAD   –   Oil and Gas Regulatory Authority (OGRA) Thursday notified the revised price of re-gasified liquefied natural gas (RLNG) on networks of the SSGC and SNGPL for the current month. According to a notification issued by the authority, there is $0.8883 per million british thermal […]

Gold price falls

ISLAMABAD   –  The price of 24 karat per tola gold decreased by Rs 650 on Thursday as it was sold at Rs 112,000 against its sale at Rs112,650 the previous day, Karachi Sarafa Association reported. The price of 10 gram 24 karat gold also decreased by […]

CDWP approves 2 health projects worth Rs 11.6 bn

The Central Development Working Party (CDWP) Monday approved two projects of health sector worth of Rs 11.6 billion and accorded concept clearance to two more proposals.The CDWP approved a project namely “Establishment of 250 bedded mother and Child Hospital Sialkot, Punjab” worth Rs 4,970.65 million.The […]

Pak-Uzbekistan shows resolve to enter into PTA

ISLAMABAD: Pakistan and Uzbekistan on Monday resolved to enter into Preferential Trade Agreement (PTA) for increasing the bilateral trade and promote trade liberalization on both sides. The two sides also discussed to revive the Joint Business Council, and assured that bilateral engagements like Inter Governmental […]

CPI inflation decelerates to 5.7% on YoY basis

ISLAMABAD: The Consumer Price Index (CPI) based monthly inflation decelerated to 5.7 percent on year-on-year (YoY) basis during the month of January 2021, from 8 percent during December 2020, Pakistan Bureau of Statistics (PBS) reported. On month-on-month (MoM) basis, it decreased by 0.2% in January […]

CPI based inflation rate eases to 5.7% in January: Asad Umar

ISLAMABAD: Minister for Planning Development and Special Initiatives Asad Umar Sunday said the inflation in the country continued to decline as the Consumer Price Index (CPI) based monthly inflation rate eased to 5.7 percent in January 2021 compared to same month of the previous year. […]

Sindh LG system not in accordance with spirit of constitution: Asad Umar

KARACHI: Federal Minister for Planning, Development and Special Initiatives Asad Umar on Sunday said that the local government system in Sindh was not in accordance with the spirit of the constitution. He expressed these views while addressing to inauguration ceremony of PTI Secretariat in PS […]

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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