ISLAMABAD, Dec 16 (APP): The per tola price of 24 karat gold decreased by Rs1,800 and was sold at Rs 216,800 on Saturday compared to its sale at Rs 218,600 on last trading day. The price of 10 grams of 24 karat gold also decreased […]
ISLAMABAD, Dec 16 (APP): The per tola price of 24 karat gold decreased by Rs1,800 and was sold at Rs 216,800 on Saturday compared to its sale at Rs 218,600 on last trading day. The price of 10 grams of 24 karat gold also decreased […]
KARACHI, Dec 15 (APP): Shipping activity reported at the Port where five ships namely, APL Qingdao, OBE Dinares, AgiosPorfyrios, Ensemble and Ullswater scheduled to load/offload Container, Rice, Soya bean Seed, Chemicals and LPG,berthed at Container Terminal, Multi-Purpose Terminal, Grain Terminal, Engro Terminal and Sui Southern […]
KARACHI, Dec 15 (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Friday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 283.00 283.30 U.S $ (Cash Free Market) 281.50 284.50 SAUDIA […]
ISLAMABAD, Dec 15 (APP): The Central Directorate of National Savings (CDNS) has achieved a target of Rs 750 billion in fresh bonds in the current fiscal year, from July 1 to December 14. The CDNS surpassed the annual target and achieved the target of Rs […]
KARACHI, Dec 15 (APP): EXCHANGE RATES FOR CURRENCY NOTES CURRENCY SELLING BUYING USD 286.79280.62 GBP 366.11 358.16 EUR 315.38 309.14 JPY 2.0200 1.9764 SAR 76.45 74.79 AED 78.10 76.92 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 5.47629 LIBOR 3M 5.64624 LIBOR […]
KARACHI, Dec 15 (APP): Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Friday. CURRENCY SELLING BUYING USD 286.79 280.62 GBP 366.11 358.16 EUR 315.38 309.14 JPY 2.0200 1.9764 SAR 76.45 74.79 AED 78.10 76.92 […]
KARACHI, Dec 15 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 283.95 283.45 EURO EUR 312.83 312.28 JAPANESE YEN JPY 2.0000 1.9965 BRITISH POUND GBP 362.48 361.55 SWISS […]
FFC has been declared as FIRST for 13th consecutive time amongst the TOP 25 Listed Companies for the Year 2022 in a ceremony held at Karachi. Brig Irfan Khan (Retd), Company Secretary and Syed Imran Rizvi, Manager Corporate Affairs represented FFC at the occasion. The […]
KARACHI, Dec 15 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday. CONVERSION RATES FOR DECEMBER 15, 2023 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE […]
KARACHI, Dec 14 (APP): Four ships namely, Maersk Seletar, Wide Alpha, Gamsunoro and Dolphin-02 scheduled to load/offload Container, Fuel oil and Chemicals, berthed at Container Terminal, Oil Terminal and Engro Terminal respectively on Wednesday. Meanwhile three more ships, Seaways Olive, Ullswater and Santa Valentina also […]
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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