Pakistan News International

Business & Economy

New ‘late filers’ category introduced in Finance Bill 2024

ISLAMABAD (PNI) In Finance Bill 2024 the government has introduced a new category of “Late Filers” in the income tax law. Earlier, income taxpayers were placed in two categories, Filers and non-Filers. Now, a new category of “Late Filer has been created which will attract […]

Gold rates decrease by Rs.200 to Rs.241,300 per tola

ISLAMABAD, Jun 15 (APP): The per tola price of 24 karat gold decreased by Rs. 200 and was sold at Rs. 241,300 on Saturday compared to its sale at Rs.241,500 on previous day. The price of 10 grams of 24 karat gold also decreased by […]

China's Footwear Association pledges Rs 20 billion investment in Pakistan

Lahore, June 15, 2024: In a significant development for Pakistan’s footwear industry, The Association of Guangdong Shoes Manufacturers, TAGSM of China has expressed its intention to invest billions of rupees in Pakistan’s shoe industry. Mr Suilong Liu, Chairman AGSM visited Lahore alongwith 10 Chinese Delegates […]

Fly Jinnah marks its inaugural flight to Bahrain

Pakistan: Fly Jinnah, Pakistan’s low-cost carrier, has commenced non-stop flights between Islamabad and Bahrain, adding another destination to its rapidly expanding network after the launch of flights to the UAE and Oman.The carrier commemorated the start of its new route with a pre-departure inaugural ceremony […]

Zindigi 2.0: The Future of Fintech is Here!

Islamabad: Zindigi, the digital banking initiative of JS Bank, has launched its game changing Zindigi 2.0 upgrade. This major App design revamp is set to take a significant position in the world of financial management apps, reaffirming Zindigi’s spot as the ultimate all-in-one finance app. […]

ZONG 4G brings special Saudi Arabia international roaming offer on Eid-Ul-Adha

ISLAMABAD, Jun 14 (APP):Zong 4G, Pakistan’s largest telecom operator offers affordable International Roaming Bundles for trips to Saudi Arabia to ensure stay connected to loved ones while performing Hajj! Zong 4G stands as Pakistan’s only telecommunications provider, offering thoughtfully designed international roaming packages. In response […]

Rs 9.5b for CM Roshan Gharana, Rs 80b for CM District SDGs allocated

LAHORE, Jun 13 (APP):The Punjab government has allocated Rs 9.5 billion for Chief Minister Roshan Gharana Programme and Rs 80 billion for Chief Minister District SDGs (Sustainable Development Goals) during financial year 2024-24. Provincial Finance Minister Mian Mujtaba Shuja-ur-Rehman disclosed this in his budget speech […]

Gold rates increase by Rs.600 to Rs.241,900 per tola

ISLAMABAD, Jun 12 (APP): The price of per tola of 24 karat gold increased by Rs.600 and was sold at Rs.241,900 on Wednesday against its sale at Rs. 241,300 on last trading day.The price of 10 grams of 24 karat gold also increased by Rs […]

SAI Chief Terms 1.5% Interest Rate Cut as Insufficient

KARACHI: The Site Association of Industry (SAI) President, Muhammad Kamran Arbi, expressed disappointment at the State Bank of Pakistan’s (SBP) cutting interest by just 1.5%. He called the move “insufficient to address the challenges faced by the industrial sector”. In a statement, Mr. Arabi highlighted […]

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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