Pakistan News International

Business & Economy

Razak hails progress in regulatory reforms through PRMI

ISLAMABAD, :The Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Monday appreciated the progress made by Board of Investment (BOI) in provinces and regions reforms regarding Pakistan Regulatory Modernization Initiative (PRMI). The adviser said this while chairing the 4th meeting […]

Razak reaffirms for increasing trade, economic relations with Afghanistan

ISLAMABAD, :The Adviser to the Prime Minister on Commerce and Industry, Abdul Razak Dawood on Monday reaffirmed its commitment to enhance trade and bilateral economic relation with Afghanistan for increasing regional integration. While briefing 17th meeting of the Standing Committee on Commerce, under the Chairmanship […]

Cement export increases 8.27% in Q1

ISLAMABAD,: The exports of cement from the country witnessed an increase of 8.27 percent during the first quarter (Q1) of financial year (2020-21) as compare to the corresponding period of last fiscal year. The country exported cement worth US $72.296 million during July-September (2020-21) as […]

Textile exports up 2.92% to $3.4bln in Q1, 11.30% in September

ISLAMABAD, Oct 17 (APP): The exports of textile commodities witnessed an increase of 2.92 percent during the first quarter (Q1) of the current fiscal year as compared to the corresponding period of last year. The textile exports from the country were recorded at $3469.585 million […]

Fakhar highlights measures to overcome wheat shortage

ISLAMABAD, Oct 17 (APP):Federal Minister for National Food Security and Research Syed Fakhar Imam has said that the Prime Minister had approved a package of Rs26 billion for erecting a physical infrastructure in the coming years to combat the menace of the pest for the […]

Asad for enhancing business-to-business linkages with China

ISLAMABAD, Oct 15 (APP):Minister for Planning, Development and Special Initiatives Asad Umar on Thursday emphasized to enhance business-to-business linkages between China and Pakistan and facilitate enhanced investment from Chinese enterprises. The minister chaired a consultative meeting to review the preparations for the upcoming 10th Joint […]

ECC grants approval to import of 340,000 MT of wheat

ISLAMABAD, Oct 15 (APP):The Economic Coordination Committee (ECC) of the Cabinet Thursday granted approval for the import of 340,000 metric tons of wheat, which would be distributed amongst the three parties’ i.e PASSCO, Punjab and Khyber Pakhtunkhwa in proportion to what they have ordered or […]

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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