Pakistan News International

Business & Economy

Lesco CEO assures Aptma of uninterrupted power supply to industry

LAHORE   –  Chief Executive Officer (CEO) LESCO Ch Muhammad Amin has assured All Pakistan Textile Mills Association (APTMA) Punjab Chairman Abdul Rahim Nasir that LESCO will ensure that all industry in general and export industry in particular gets electricity supply without any interruptions or power fluctuations. He […]

Gold price up by Rs400 per tola

ISLAMABAD    –   The price of 24 karat per tola gold increased by Rs400 on Thursday and was sold at Rs113,400 against its sale at Rs113,000 the previous day, Karachi Sarafa Association reported. The price of ten gram 24 karat gold also increased by Rs342 […]

FBR reforms improve Pakistan’s ranking of Trading Across Borders Index

ISLAMABAD    –  In a major achievement towards ensuring ease of doing business, Pakistan has improved 31 positions, from 142nd to 111th, on the rank of Trading Across Border Index, Federal Board of Revenue (FBR) said here. The board had made trading across borders easier by focusing […]

Rupee sheds 8 paisas

ISLAMABAD   –   The exchange rate of Pakistani rupee declined by 08 paisas against the US dollar in the interbank trading on Tuesday and closed at Rs160.60 as compared to the previous day’s closing of Rs160.52. Meanwhile, according to Forex Association of Pakistan, the […]

Gold price up by Rs300 per tola

SLAMABAD   –   The price of 24 karat per tola gold increased by Rs300 per tola on Tuesday and was sold at Rs112, 850 against its sale at Rs112,550 the previous day, Karachi Sarafa Association reported. The price of ten gram 24 karat gold also […]

Govt decides to import another 0.5m tonnes sugar to overcome shortage

ISLAMABAD  –  The govt has decided to import another 0.5 million tonnes of sugar to overcome the shortage that resulted in massive increase in commodity price. The government is also mulling to exempt commercial import of sugar from duties and taxes by invoking food security provisions. Officials […]

Ferrarese vows to make all-out efforts to boost Pak-Italy economic ties

LAHORE   –  Ambassador of Italy Andreas Ferrarese on Tuesday called on president of Lahore Chamber of Commerce & Industry, Mian Tariq Misbah. LCCI senior vice president Muhammad Nasir Hameed Khan, Executive Committee members Chaudhry Khadim Hussain and Shahid Nazir were also present. The ambassador said that Italy […]

Rupee sheds 19 paisas against US dollar

ISLAMABAD – The exchange rate of Pakistani rupee declined by 19 paisas against the US dollar in the interbank trading on Monday and closed at Rs160.52 as compared to the previous day’s closing of Rs160.33. Meanwhile, according to Forex Association of Pakistan, the buying and […]

Pakistan Prosperity Index reaches all-time high of 116.3 in Nov 2020: Report

ISLAMABAD-Policy Research Institute of Market Economy (PRIME) on Monday has released a report that stated that Pakistan Prosperity Index continues to pose an upward trend, reaching an all-time high of 116.3 in November 2020. PRIME, in its bi-monthly report on Pakistan Prosperity Index (PPI), reviewed country’s macro-economy based on […]

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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