Pakistan News International

Business & Economy

Omar Ayub announces govt’s focus on energy projects

Minister for Energy, (ME) Omar Ayub Khan said on Wednesday that the government is emphasizing on energy projects under new renewable energy policy to obtain local resources for power generation. Talking to Ambassador of the Kingdom of Saudi Arabia, Nawaf bin Saeed Ahmed Al-Malki in […]

Norway first to reach 50pc electric in new car sales

Oslo-Norway has become the first country in the world where electric cars account for more than half of new registrations, according to figures published Tuesday by an industry group. Despite the Covid-19 pandemic delaying the release of several new models, electric vehicles accounted for 54.3 percent of […]

Wheat price in open market again reaches highest level

ISLAMABAD-Islamabad Chamber of Commerce and Industry (ICCI) noted that the price of wheat in the open market has again reached its highest level, which was a cause of great concerns. ICCI Vice President Abdul Rehman Khan said that taking notice of wheat shortage and rising […]

Income tax return filers increase to 2.316m

ISLAMABAD- The number of Income Tax Returns Filers has increased to 2.316 million along with the tax collection rising to Rs43.6 billion till January 4, 2021. The number of Income Tax Returns Filers has shown an increase as compared to 2.181 million filers along with […]

Inflation decelerates for third consecutive month in December

ISLAMABAD-The National Price Monitoring Committee (NPMC) on Monday has expressed satisfaction over the decline in the inflation rate, which has dropped to 8 per cent in December.  Federal Minister for Finance & Revenue, Dr Abdul Hafeez Sheikh, chaired the meeting of the NPMC. Inflation has […]

IT industry growth surpassing all traditional sectors

ISLAMABAD – Minister for Information Technology and Telecom Syed Amin Ul Haque on Sunday said the recent growth of Information Technology (IT) industry was remarkable and surpassing all traditional sectors. “Recent growth figures of our IT Industry are remarkable and surpassing all traditional sectors in […]

SBP initiatives very encouraging but implementation poor

LAHORE-The business community has asked the central bank to get its policies implemented in true spirit to provide financial support to the trade and industry, as the SBP initiatives are very encouraging but implementation is not up to the mark. Pakistan Industrial and Traders Association […]

Substantial export growth vindicates govt’s economic policy

BEIJING – Pakistan’s exports which grew for the fourth consecutive month in December 2020 to $2.357 billion, up 18 per cent from $1.993 in the corresponding month of the previous year, is a vindication of the government’s policy to keep the wheels of economy running […]

Petroleum Division aligns strategy to streamline oil, gas sector

ISLAMABAD-Cognizant of the country’s existing and future energy needs, the Petroleum Division (PD), during the year 2020, has aligned its strategy to streamline the matters related to the oil and gas sector. It introduced the ease-of-doing-business plan and took radical measures to ensure a level-playing field for […]

FBR needs to collect mammoth Rs2,759b in second half to achieve annual target

ISLAMABAD- The Federal Board of Revenue (FBR) would have to collect mammoth Rs2,759 billion in second half (January to June) to achieve the annual tax collection target for the current fiscal year. The government had set annual tax collection target at Rs4963 billion for the ongoing financial year. However, […]

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.

Pakistan News International is your go-to source for the most recent news, both domestically and internationally. This news source makes sure that you are well-informed on the most current events and developments with its thorough coverage and trustworthy reporting. Pakistan News International provides up-to-date information on all topics, including politics, economy, sports, and entertainment. PNI’s team of seasoned reporters and correspondents works arduously to bring you the most pertinent news, supported by in-depth investigation and reliable reporting. Keep up with the times by turning to Pakistan News International at pni.net.pk for all of your news requirements.

Copyright © 2026 Pakistan News International.
All rights reserved.