Pakistan News International

Business & Economy

EFP and ILO Collaborate to End Forced Labor in Agricultural Sector

KARACHI: The Employers Federation of Pakistan (EFP) underscores the critical importance of eliminating forced labor from the informal sector to ensure sustainable business practices. Secretary General Syed Nazar Ali highlighted this imperative during a capacity-building session organized by the EFP in collaboration with the International […]

Kerb currency market

KARACHI, Jul 9 (APP):Following were the opening rates of foreign currencies in kerb market issued by the Exchange Companies Association of Pakistan, here on Tuesday. F.C.                            BUYING        SELLING INTER […]

KPT shipping movements report

KARACHI, Jul 9 (APP): KARACHI, Jul, 09,(APP): Following were the Movements of Ships at Karachi Port Trust (KPT) during last 24 hours, ending at 0700 hours on Tuesday. SHIPS BERTHED: APL Antwerp                  Container Ship OOCL Norflok    […]

Gold rates dip by Rs.1,300 per tola to Rs.245,100

ISLAMABAD, Jul 8 (APP):The price of per tola of 24 karat gold increased by Rs.1,300 and was sold at Rs.245,100 on Monday against its sale at Rs.246,400 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.1,113 to […]

NBP Exchange Rates

KARACHI, Jul 8 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Monday the following exchange rates. CURRENCY                      SYMBOL           TT Selling           TT Buying U.S DOLLAR    […]

FFC Partners with Agrilift to Scale Agtech in Pakistan

Rawalpindi (PNI) Fauji Fertilizer Company (FFC) “Partner in Prosperity,” has entered into a strategic partnership with Agrilift to scale their agricultural practices in Pakistan through the introduction of latest Agtech. This collaboration aims to modernize farming practices, thus enhancing national food security and sustainability in […]

International celebration of Veshak in Pakistan proposed: Majyd Aziz

KARACHI, July 1st, 2024: Majyd Aziz, Former President Employers Federation of Pakistan, who is also Founding Chairman Pakistan Sri Lanka Business Forum, has proposed that the Federal Ministry of Tourism, in association with Sri Lanka Ministry of Tourism, and with support of the Travel Agents Association […]

Bank Alfalah Achieves Highest Credit Rating

Islamabad: Bank Alfalah is proud to announce that its credit rating has been elevated to 'AAA' by the Pakistan Credit Rating Agency (PACRA). This accolade is a testament to the bank's financial strength and commitment to excellence. Bank Alfalah extended heartfelt gratitude to its esteemed […]

Pakistan earns US $633m from travel services’ export in Jul-April

ISLAMABAD, Jul 1 (APP): Pakistan earned US $633.198 million by providing different travel services in various countries during the ten months of the fiscal year 2023-24.This shows a decrease of 27.61 per cent as compared to the US $874.700 million worth same services provided during […]

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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