Pakistan News International

Business & Economy

Kitchen items’ prices ease as SPI falls 0.12 pc

ISLAMABAD, : The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on November 5 , for the combined consumption group, witnessed decrease of 0.12 percent as compared to the previous week. The SPI for the week under review in the above mentioned […]

China remains top importer, trades products over $2763 mln to Pakistan

ISLAMABAD, China topped the list of countries from where Pakistan imported different products during the first quarter (Q1) of the current fiscal year (2020-21), followed by United Arab Emirates (UAE) and Singapore. The total imports from China during July-September (2020-21) were recorded at $2763.528 million […]

Pakistan’s new AREP to transform energy market’s outlook: Omar

ISLAMABAD,:Minister for Energy Omar Ayub Khan on Friday said the government would transform outlook of the country’s energy market under new Alternative Renewable Energy Policy (AREP). He expressed these views during a meeting with Denmark Ambassador to Pakistan Ms. Lis Rosenholm, who called on him […]

Pakistan Custom Launches AEO Pilot Project at Karachi

Karachi (PNI) Pakistan Customs has launched first trade facilitation program of its kind under the name and banner of “Authorized Economic Operators” through operationalization of “AEO Pilot Project” at Karachi. The program has been chalked out in line with best international practices and in accordance […]

Nominee rules for National Savings certificates amended

ISLAMABAD :The government has amended the nominee rules for issuance of National Savings Schemes (NSS) certificates on the court orders to ensure payment of dues to ‘legal heirs’ in case of death of certificate holders as required under the Muslim Law of Inheritance. According to […]

Services trade deficit contracts 50.91% in Q1, exports up 12.66% in September

ISLAMABAD, :The country’s services trade deficit contracted by 50.91 percent during the first quarter (Q1) of the current financial year (2019-20) as compared to the corresponding period of last year. The services trade deficit during July-September (2020-21) was recorded at $538.87 million against the deficit […]

ECC forms committee to resolve circular debt issue

ISLAMABAD, :The Economic Coordination Committee (ECC) of the cabinet Wednesday formed a committee to prepare a proposal on modalities for clearing the circular debt of the Petroleum Division. The committee was constituted during the ECC meeting chaired by Adviser to the Prime Minister on Finance […]

Economy back on growth path, no debt rise in past 4 months: Hafeez

ISLAMABAD, :Asserting that economy was steered back on growth path, Advisor to Prime Minister on Finance, Dr. Abdul Hafeez Shaikh said Tuesday that there was no increase in country’s debt during the past four months. “During the period from June 30 to November 1st, there […]

Govt. announces power relief package to enhance competitiveness: Hammad

ISLAMABAD, :Federal Minister for Industries and Production, Hammad Azhar on Tuesday said that the incumbent government has announced the power relief package to enhance the competitiveness of the local industry. As per the direction of Prime Minister Imran Khan, the government has decided to decrease […]

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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