Pakistan News International

Business & Economy

Shipping Activity at Port Qasim

KARACHI, Aug 20 :Shipping activity was report at the port where five ships, Maersk Saratoga, Zhong Gu Bo Hai, Amis Brave, Navig-8 Gallantry and Two Million Ways carrying Container, Coal, Palm Kernel and Gas oil, berthed at Container Terminals, Multi-Purpose Terminal, Liquid Terminal and Oil […]

Kerb currency market

KARACHI, Aug 19 :Following were the Opening Rates of foreign currencies in kerb market issued by the Exchange companies Association of Pakistan, here on Monday. F.C. BUYING SELLING INTER BANK 278.25 278.35 USD 279.30 280.30 EURO 307.20 308.60 GBP 360.30 362.30 JPY 1.89 1.94 AED […]

JazzCash transforms 350,000 businesses’ smartphones into POS machines

ISLAMABAD, Aug 19 : JazzCash, Pakistan’s leading fintech platform has launched its latest feature, ‘Tap-Pay for Businesses’, enabling over 350,000 businesses across the country to accept payments through their Android smartphones. This cutting-edge feature allows businesses to seamlessly receive payments from any contactless debit or […]

Soyabean, palm oil imports reduced by 93.20% and 13.99% in July

ISLAMABAD, Aug 19 :Edible oil including soybean and palm into the country during the first month of the current financial year decreased by 93.20 percent and 13.99 percent respectively as compared to the imports of the corresponding period of the last year. During the month […]

CCP imposes Rs 5 mln penalty on Diamond Paint for deceptive marketing

ISLAMABAD, Aug 16 : The Competition Commission of Pakistan (CCP) on Friday took decisive action against M/s Diamond Paint Industries (Pvt) Ltd., imposing a penalty of Rs 5 million for violating Section 10 of the Competition Act, 2010, which prohibits deceptive marketing practices. A CCP […]

SBP injects over Rs900 billion into market

KARACHI, Aug 16 : The State Bank of Pakistan (SBP) injected Rs901.6 billion in the market on Friday through reverse repo purchase and Shariah Compliant Mudarabah based Open Market Operation (OMO). According to OMO results issued here, the SBP conducted Open Market Operation, Reverse Repo […]

IPO Pakistan strengthens ties with PIPRA

ISLAMABAD, Aug 16 :Chairperson IPO-Pakistan, Ambassador (r) Farukh Amil on Friday met with a delegation from the Pakistan Intellectual Property Rights Association (PIPRA) to attain the maximum productivity in the institution. The delegation comprised of Sultan Ahmed Sheikh, Advocate Supreme Court of Pakistan (Past Chairman […]

ICCI tourism summit in Skardu wins accolades from diplomatic community

ISLAMABAD, Aug 16 :President, Islamabad Chamber of Commerce and Industry (ICCI), Ahsan Zafar Bakhtiawari on Friday said that the Chamber was playing a vital role in promoting Pakistan’s tourism potential. He said that the successful organization of the 2nd Tourism Summit in Skardu was a […]

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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