Pakistan News International

Business & Economy

SBP injects over Rs 2.6 trillion in the market

Posted on by Tuba Zafar

KARACHI, Jul 25 :The State Bank of Pakistan (SBP), on Friday, injected Rs 2,601.267 billion in the market through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO). The central bank conducted the Open Market Operation, Reverse Repo Purchase (Injection) for 7 […]

Gold prices remain constant at Rs361,200

Posted on by Tuba Zafar

ISLAMABAD, Jul 22 :The price of 24 karat per tola gold remained constant at Rs.361,200 on Tuesday, All Pakistan Sarafa Gems and Jewelers Association reported. The prices of 10 grams of 24 karat and 10 grams of 22 karat gold also remained unchanged at Rs.309,671 […]

Rupee remains flat US Dollar

Posted on by Tuba Zafar

ISLAMABAD, Jul 17 : The Rupee on Thursday remained unchanged against the US Dollar in the interbank trading and closed at Rs 284.96. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood […]

Currency rates of NBP

Posted on by Tuba Zafar

KARACHI, Jul 16 :Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Wednesday. CURRENCY SELLING BUYING USD 286.48 283.41 GBP 383.53 379.01 EUR 332.60 328.69 JPY 1.9218 1.8993 SAR 76.39 75.49 AED 78.01 77.08 […]

Bitcoin loses 3.6% after hitting record-high level

Posted on by Tuba Zafar

ISTANBUL, Jul 16 : Following record-high levels on Monday, Bitcoin lost 3.57% on Tuesday. The current price of the largest cryptocurrency, surpassing $123,000 on Monday, is at around $117,300 as of 1200GMT. According to data from analysis firm CoinMarketCap, the value of the global cryptocurrency […]

PSX turns bearish, loses 562 points

Posted on by Tuba Zafar

ISLAMABAD, Jul 15 :The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index turned around to bearish trend on Tuesday, losing 562.67 points, a negative change of 0.41 percent, closing at 135,939.87 points against 136,502.54 points last trading day. A total of 879,118,158 shares were traded during […]

Kerb currency market

Posted on by Tuba Zafar

KARACHI, Jul 14 :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 284.70 284.75 USD 286.45 287.55 EURO 336.50 340.00 GBP 388.00 392.00 JPY 1.93 1.98 AED […]

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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