Pakistan News International

Business & Economy

Gold rates up by Rs 2,400 to Rs 249,700 per tola

ISLAMABAD, Apr 16 (APP):The per tola price of 24 karat gold witnessed an increase of Rs 2,400 and was sold at Rs 249,700 on Tuesday as compared to its sale at Rs. 247,300 on the previous day.The price of 10 grams of 24 karat gold […]

PUBG Gamers play to Contribute Donations to Edhi Schools

PUBG MOBILE Pakistan, the leading mobile gaming platform, held an event where players could contribute to real-world donations by completing in-game missions. Today, on April 9th, the PUBG MOBILE community in Pakistan has achieved an incredible feat, reaching 1,000,000 times of in-game donations. As a […]

easypaisa Embraces the Spirit of Eid with ‘eidipaisa’

Islamabad: easypaisa, Pakistan’s leading digital financial services platform has embraced the spirit of Eid ul Fitr, ensuring that its users continue to send and receive Eidi in a hassle-free manner. With its flagship eidipaisa campaign titled “Aap ki eidi Aap ko Mubarak,” highlighting the convenience […]

Rupee sheds 02 paisa against dollar

ISLAMABAD, Apr 8 (APP):Pakistani Rupee on Monday witnessed a devaluation of 02 paisa against the US dollar in the interbank trading and closed at Rs277.94 against the previous day’s closing of Rs277.92. However, according to the Forex Association of Pakistan (FAP), the buying and selling […]

Pakistan’s sesamum seeds export to China increases by 68% in Jan-Feb

BEIJING, Apr 8 (APP): Pakistan’s sesamum seeds export to China crossed $10.10 million in the first two months of 2024, showing a growth of 68.11 percent year-on-year. Ghulam Qadir, Investment and Trade Counsellor at the Pakistani Embassy in Beijing said that according to the General […]

easypaisa Launches QR SoundBox to Revolutionize Digital Payments Landscape

Islamabad: easypaisa, Pakistan’s leading digital financial services platform, has launched the QR SoundBox, a portable device for payment alerts and notifications, to revolutionize digital financial services in Pakistan.The QR SoundBox offers a seamless and efficient solution for merchants and customers alike. The portable device is […]

JS Bank Crosses Half a Trillion Deposits Mark

Islamabad: April 3, 2024: JS Bank, one of the fastest-growing banks in Pakistan, announced the milestone of crossing PKR 500 billion in deposits. This achievement resulted from sustained momentum stemming from a strong closing of 2023, with the Bank posting a Profit Before Tax of […]

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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