Pakistan News International

Business & Economy

Privatization Commission extends deadline for submission of EOIs for FESCO, GEPCO

ISLAMABAD, Jul 01 (APP): The Privatization Commission of Pakistan has extended the deadline for the submission of Expressions of Interest (EOIs) for the privatization of Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO) under the Government’s Batch-I DISCOs privatization programme. The revised […]

Pakistani publishers eye broader copyright cooperation with China

BEIJING, Jun 21 (APP):”China and Pakistan cooperate closely across all sectors, but there remains ample room to deepen bilateral publishing cooperation, as we have yet to carry out extensive joint work,” said Daniyal Salam, Director of Head Office, Sales, Marketing & Editorial of Pakistan’s century-old […]

BRA urges service providers to ensure registration and tax compliance

QUETTA, Jun 21 (APP):The Balochistan Revenue Authority (BRA) has directed warehouse and depot operators, cold storage facilities, training service providers, and insurance agents across the province to immediately complete their registration with the Authority if they have not yet done so, and to fulfill their […]

Senate’s budget session commences

ISLAMABAD, Jun 18 (APP):The Upper House of the Parliament on Thursday started its budget session at 12:48 p.m. with Chairman Senate Syed Yousaf Raza Gilani in the chair. The agenda included presentation of reports of standing committees and motions relating to the Finance Bill, 2026. […]

FBR offices to remain open on May 30, 31 for tax collection

ISLAMABAD, May 29 (APP):The Federal Board of Revenue (FBR) on Friday said that all its field formations across the country will remain open on Saturday and Sunday, May 30 and 31, for collection of duties and taxes. According to an official statement issued by the […]

PSW, EXIM sign MoU to strengthen digital trade finance framework

ISLAMABAD, May 21 (APP): Pakistan Single Window and Export-Import Bank of Pakistan have signed a Memorandum of Understanding (MoU) aimed at strengthening data-driven trade finance and promoting export growth in the country. Under the agreement, Pak EXIM will utilize PSW’s national digital trade infrastructure as […]

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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