Pakistan News International

Business & Economy

SECP introduces digital onboarding mechanism for AMCs investors

ISLAMABAD   –   As part of its efforts to usher in a new era of smart investments, the Securities and Exchange Commission of Pakistan (SECP), has introduced the digital onboarding mechanism for investors of the Asset Management Companies (AMCs). In this respect, SECP has […]

Nepra approves Rs 3.30 per unit raise in electricity price

Islamabad – The New Year is unlikely to bring any relief to power consumers as Nepra has approved an increase of 24.72 per cent or Rs 3.30 per unit in the average base electricity price of X-WAPDA Distribution Companies (XWDISCOS) for FY 2018-19 and FY 2019-20. The decision if approved […]

Petrol price increased by Rs 2.32per litre, HSD by Rs1.80

Islamabad – While offering a sour welcome to 2021, the Federal government has increased the prices of Petrol and HSD by Rs 2.32 and 1.80 per litre respectively, while LPG price has been jacked up by Rs 15.94 per Kg for the first month of […]

Banks to remain closed for three days from January 01 to Jan 03

All banks will remain closed for three days from January 01 to January 03. State bank, Banking services corporation of Pakistan , commercial  and private banks, financial institutions will remain closed on Friday, January 01, 2021 as no transaction will take place in the banks […]

SECP warns public against investing in fake investment entities

ISLAMABAD-To safeguard the hard earnings and interests of the general public, the Securities and Exchange Commission of Pakistan (SECP) has issued a public warning to refrain from investing in any fraudulent investment schemes that promise hefty profits and unrealistic incentives. “ Recently, few registered companies […]

US, UK, China top three destinations of Pakistani exports in 5 months

ISLAMABAD,: United States of America (USA) remained the top export destinations of the Pakistani products during the first five months of financial year (2020-21), followed by United Kingdom (UK) and China. Total exports to the USA during July-November (2020-21) were recorded at US $ 1855.564 […]

ICCI for withdrawal of professional tax notices to industries

ISLAMABAD-Fatima Azim, acting president of Islamabad Chamber of Commerce and Industry (ICCI), has said that Union Council Humak has issued professional tax notices of Rs.50,000 each to some industries in Kahuta Industrial Triangle, Islamabad which has created lot of concerns in the business community and […]

KE’s rain mitigation efforts continue across the city

KARACHI-In continuation of planned infrastructure upgrades and systemic improvements to strengthen service delivery and mitigate disruptions ahead of monsoons, K-Electric is pursuing an aggressive distribution investment plan. These measures including raising the foundation of distribution infrastructure, waterproofing of highlighted substations and replacement of equipment and cables as […]

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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