Pakistan News International

Business & Economy

Foreign exchange rates

KARACHI, Jan 11 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Thursday. CONVERSION RATES FOR JANUARY 11, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE JANUARY […]

FFC Successfully Hosts the 1st Physical SAP User Group Pakistan Event

  Rawalpindi (PNI) Fauji Fertilizer Company Limited (FFC) proudly hosted the inaugural Physical SAP User Group Pakistan (SUGPK) event at its Head Office in Rawalpindi. It was graced by Country Managing Director SAP Pakistan, his dedicated team, and Chief Information Officers (CIOs) and Chief Technology […]

Over 6.154 mln tons wheat available for local consumption

ISLAMABAD, Jan 10 (APP): The wheat stocks of the country by the second week of the first week January 2024 were recorded at over 6.154 million metric tons, which is sufficient to tackle the local dietary needs. Besides these reserves were enough for keeping the […]

Rupee gains 10 paisa against Dollar

ISLAMABAD, Jan 10 (APP): The Pakistani Rupee on Wednesday witnessed an appreciation of 10 paisa against the US Dollar in the interbank trading and closed at Rs281.12 against the previous day’s closing of Rs281.22. However, according to the Forex Association of Pakistan (FAP), the buying […]

Gold rates decline by Rs.300 to Rs216,100 per tola

ISLAMABAD, Jan 10 (APP): The per tola price of 24 karat gold decreased by Rs.300 and was sold at Rs. 216,100 on Wednesday compared to its sale at Rs.216,400 on last trading day. The price of 10 grams of 24 karat gold also decreased by […]

Workers’ remittances record $2.4 bn inflow in December

ISLAMABAD, Jan 10 (APP): The overseas workers’ remittances recorded an inflow of US$2.4 billion during December 2023, the State Bank of Pakistan (SBP) on Wednesday said. In terms of growth, during the month under review, remittances increased by 5.4 per cent on month on month […]

Gold rates increase by Rs.300 per tola

ISLAMABAD, Jan 09 (APP): The per tola price of 24 karat gold increased by Rs.300 and was sold at Rs.216,400 on Tuesday compared to its sale at Rs. 216,100 on last trading day. The price of 10 grams of 24 karat gold also increased by […]

Shipping Activity at Port Qasim

KARACHI, Jan 09 (APP): Five ships namely, MSC Jemima, MSC Antigua, Yihai, Flex Volunteer and Curacao carrying Containers, Palm Kernel, LNG and Coal, berthed at Container Terminal, Multi-Purpose Terminal, Gas Terminal and Bulk Terminal respectively on Monday. Meanwhile two more ships, Blue Bird and Al-Sadd […]

Rupee gains 11 paisa against Dollar

ISLAMABAD, Jan 8 (APP): The Pakistani Rupee on Monday witnessed an appreciation of 11 paisa against the US Dollar in the interbank trading and closed at Rs281.28 against the previous day’s closing of Rs281.39. However, according to the Forex Association of Pakistan (FAP), the buying […]

Gold rates decrease by Rs.1,900 per tola

ISLAMABAD, Jan 8 (APP): The per tola price of 24 karat gold decreased by Rs.1,900 and was sold at Rs.216,100 on Monday compared to its sale at Rs.218,000 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.1,629 […]

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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