Pakistan News International

Business & Economy

SECP’s e-Services integrated with Pakistan MNP Database

ISLAMABAD  –  To further improve the security of electronic filings and company registration process, the SECP has integrated its eServices with Pakistan Mobile Number Portability (MNP) Database (Guarantee) Limited to verify cell number of applicants against their CNICs. The verification of cell phone number of directors and […]

Ogra invites fresh applications for new RLNG-based CNG stations

ISLAMABAD   –  Oil and Gas Regulatory Authority (OGRA) has sought fresh applications from the interested parties for the establishment of new re-gasified liquefied natural gas (RLNG)-based CNG stations. “All applicants who have not been granted any licence so far are advised to submit fresh requests for the […]

China GDP grows at slowest pace in more than four decades in 2020

Beijing – China’s economy grew at the slowest pace in more than four decades last year despite a rebound after the country’s coronavirus outbreak, official data showed. The 2.3 percent expansion is the lowest figure since the Chinese economy embarked on major reforms in the 1970s. The […]

Pharmaceutical exports increase 23.62pc in 1st half of FY2020-21

ISLAMABAD – The exports of pharmaceutical products from the country witnessed an increase of 23.62 percent during the first half of ongoing financial year (2020-21) as compared to the exports of corresponding period of last year. The pharmaceutical exports were recorded at $138.751 million during July-December (2020-21) […]

SPI-based weekly inflation goes up 0.32 per cent

ISLAMABAD-The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on January 21, for the combined consumption group, witnessed increase of 0.32 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 140.15 […]

Pakistan to purchase LNG cargo from Qatar through spot buying

ISLAMABAD-Pakistan will purchase LNG cargo from Qatar through spot buying at 16.3 percent of Brent, for a window in February, which is higher than 13.37 percent the country is purchasing under long term agreement with Doha.. After refusal from Emirates National Oil Company (ENOC), the […]

Pakistan’s trade with US increases 17.34 per cent in 1st half

ISLAMABAD-Pakistan’s goods and services trade with United State of America (USA) witnessed an increase of 17.34 percent during the first half of ongoing financial year (2020-21) as compared to the corresponding period of last year. The trade surplus was recorded at $1286.735 million during July-December […]

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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