Pakistan News International

Business & Economy

Rupee gains 08 paisa against dollar

ISLAMABAD, Jan 19 (APP): The Pakistani Rupee on Friday witnessed an appreciation of 08 paisa against the US Dollar in the interbank trading and closed at Rs279.89 against the previous day’s closing of Rs279.97. However, according to the Forex Association of Pakistan (FAP), the buying […]

Gold rates up by Rs.1,300 to Rs.215,000 per tola

ISLAMABAD, Jan 19 (APP): The price per tola of 24 karat gold increased by Rs1,300 and was sold at Rs.215,000 in the local market on Friday as against its sale at Rs.213,700 on the last trading day. Likewise, the price of 10 grams of 24 […]

Kerb currency market

KARACHI, Jan 19 (APP): Following were the Opening Rates of foreign currencies in the kerb market issued by the Forex Association of Pakistan (FAP), here on Friday. F.C. BUYING SELLING INTER BANK 280.00 280.05 USD 278.50 280.75 EURO 302.80 307.80 GBP 353.80 358.00 JPY 1.88 […]

Currency rates of NBP

KARACHI, Jan 19 (APP): Following are the selling/buying rates of the major currencies issued by the National Bank of Pakistan (NBP), here on Friday. CURRENCY SELLING BUYING USD 283.36 277.25 GBP 360.21 352.35 EUR 308.53 302.40 JPY 1.9109 1.8697 SAR 75.55 73.92 AED 77.15 75.99 […]

Foreign exchange rates

KARACHI, Jan 19 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday. CONVERSION RATES FOR JANUARY 19, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE […]

FFC Inaugurates it’s FACE Centre at Sahiwal

Rawalpindi (PNI) Fauji Fertilizer Company (FFC) has inaugurated its NPO Food Security & Agriculture Center of Excellence (FACE), Sahiwal Chapter at District Sahiwal to ensure Food Security in the country through enhancing Farmer’s access to latest technology, best farming practices and quality inputs. GGM Marketing […]

Gold rates increase by Rs.950 per tola

ISLAMABAD, Jan 13 (APP): The per tola price of 24 karat gold increased by Rs.950 and was sold at Rs.217,450 on Saturday compared to its sale at Rs. 216,500 on last trading day. The price of 10 grams of 24 karat gold also increased by […]

SBP launches official WhatsApp channel

KARACHI, Jan 12 (APP):The State Bank of Pakistan (SBP) Friday formally launched its ‘WhatsApp channel’ for ensuring prompt dissemination of reliable information to its stakeholders. The channel will serve as a tool of communication where followers will directly receive information from SBP on its policies, […]

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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