Pakistan News International

Business & Economy

Launching New Horizons: 600 Pakistani Professionals Embark on International Careers

ISLAMABAD, Feb 11 (Online): In a landmark moment for employment mobility, 600 Pakistani professionals have embarked on international careers, following the successful negotiation of strategic employment agreements with global partners. This departure marks a significant milestone in the initiative led by the Ministry of Overseas […]

Gold rates decline by Rs.1,200 to Rs.214,300 per tola

ISLAMABAD, Feb 10 (APP): The per tola price of 24 karat gold decreased by Rs.1,200 and was sold at Rs.214,300 on Saturday compared to its sale at Rs. 215,500 on last trading day. The price of 10 grams of 24 karat gold also decreased by […]

Rupee gains 06 paisa against dollar

ISLAMABAD, Feb 9 (APP): The Rupee on Friday gained 06 paisa against the US Dollar in the interbank trading and closed at Rs 279.28 against the previous day’s closing of Rs 279.34. However, according to the Forex Association of Pakistan (FAP), the buying and selling […]

Gold rates up by 300 to Rs.215,100 per tola

ISLAMABAD, Feb 6 (APP): The per tola price of 24 karat gold increased by Rs.300 and was sold at Rs.215,100 on Tuesday compared to its sale at Rs.214,800 on the last trading day. The price of 10 grams of 24 karat gold also increased by […]

Pakistan garments exports to China rise by 3% in 2023

BEIJING, Feb 6 (APP):The amount of clothing that Pakistan exported to China, both for men and women, significantly increased in the past year. Based on available data, the export of men’s and women’s clothing from Pakistan to China increased by 3% between January to December […]

Meat, meat products worth of $239.711 mln exported in 06 months

ISLAMABAD, Feb 6 (APP): Meat and meat preparations valuing $239.711 million were exported during the first half of the current financial year as compared to the exports of the corresponding period of last year. During the period from July-December, 2023 over 59,310 metric tons of […]

Rupee sheds 02 paisa against dollar

ISLAMABAD, Feb 6 (APP):The Rupee on Tuesday weakened by 02 paisa against the US Dollar in the interbank trading and closed at Rs 279.42 against the previous day’s closing of Rs 279.40. However, according to the Forex Association of Pakistan (FAP), the buying and selling […]

Gold rates decline by Rs.1,200 to Rs.214,800 per tola

ISLAMABAD, Feb 05 (APP): The per tola price of 24 karat gold decreased by Rs.1,200 and was sold at Rs.214,800 on Monday compared to its sale at Rs. 216,000 on last trading day. The price of 10 grams of 24 karat gold also decreased by […]

Power tariff scaled up by s 4.56 per unit

ISLAMABAD, Feb 03 (Online): Government has once again dropped electricity bombshell on people by scaling up power tariff by Rs 4.56 per unit. NEPRA has issued its detailed decision and as per this decision care taker government has enhanced power tariff by Rs 4.56 per […]

Fly Jinnah announces the launch of International Operations

Karachi:-Fly Jinnah, Pakistan’s low-cost carrier, announces the commencement of its international operations with the launch of its inaugural flight connecting Pakistan’s capital city Islamabad with the city of Sharjah in the United Arab Emirates starting from February 17th, 2024.This step marks a significant milestone in […]

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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