Pakistan News International

Business & Economy

E&P companies plan injecting 150MMCFD additional gas in system

ISLAMABAD-The oil and gas exploration & production (E&P) companies have planned to inject around 150 million cubic feet per day (MMCFD) additional gas in the transmission network in the coming days from their different fields to meet the increased demand of the commodity during current […]

Oil down on demand fears from spread of virus variant

Oil prices were down on Monday over ongoing concerns that the new strain of COVID-19 will hamper demand while the signing off of the US coronavirus relief bill boosted positive sentiment and capped further declines. International benchmark Brent crude traded at $50.99 per barrel at […]

Petroleum products price likely to be scaled up from Jan 1

The prices of petrol and diesel are likely to be scaled up from January 01.  Sources said the price of petrol can be increased by Rs 2.76 per litter and price of diesel by Rs 3.12 per liter.  OGRA has sent summary for changing prices […]

Irsa starts canals closure for annual maintenance, de-silting

ISLAMABAD   –  The Indus River System Authority (IRSA) on Saturday started canals closures for annual maintenance and de-silting and canals would remain closed till January 30, 2021. As per the schedule, Director Operation and Spokesman IRSA Khalid Idrees Rana said that the Mangla command canals […]

2.19 million income tax returns received so far: FBR

ISLAMABAD  –  The Federal Board of Revenue (FBR) on Saturday claimed that it had received 2.19 million income tax returns so far. The FBR has stated that the taxpayers’, who filed income tax returns till 8th December, 2020 were 1.78 million. That number has further […]

Bitcoin hits all-time high above $25k, later sinks below this level

The world’s most popular cryptocurrency, Bitcoin, has hit a new all-time high of more than $25,000, trading data shows. On Binance, the largest cryptocurrency exchange by trading volume, Bitcoin was trading at over $25,000, as of 03:36 GMT, but its price has since sunk below this […]

Industrialists meet PM’s Advisor, Punjab trade minister

LAHORE, : Industrialists and businesspeople of Punjab called on Advisor to Prime Minister on Trade and Investment Abdul Razaq Dawood and Provincial Minister for Industries and Trade Mian Aslam Iqbal, here at Civil Secretariat on Saturday. Problems facing industrialists, industrialisation and other issues were discussed […]

ECC allows issuing Eurobonds worth $500m

ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet on Thursday has approved to issue Eurobonds worth of $500 million to arrange to finance for much needed Diamer Basha and Mohmand Dams. Federal Minister for Finance and Revenue Dr Abdul Hafeez Sheikh chaired the meeting of the ECC. Ministry of […]

FIEDMC plays key role to attract domestic, foreign investment

LAHORE-The Faisalabad Industrial Estates Development & Management Company (FIEDMC) is playing a fundamental role in attracting domestic and foreign investment. FIEDMC Chairman Mian Kashif Ashfaq while talking to the Lahore Chamber of Commerce and Industry (LCCI) President Mian Tariq Misbah in the presence of Senior […]

Rupee gains 23 paisas against US dollar

ISLAMABAD- The exchange rate of Pakistani rupee strengthened by 23 paisas against the US dollar in the interbank trading on Thursday and closed at Rs160.31 as compared to the previous day’s closing of Rs160.54. Meanwhile, according to Forex Association of Pakistan, the buying and selling […]

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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