Pakistan News International

Business & Economy

EXCHANGE RATES FOR CURRENCY NOTES

KARACHI, Dec 13 (APP): CURRENCY SELLING BUYING USD 287.09280.91 GBP 360.44 352.62 EUR 309.69 303.57 JPY 1.9714 1.9289 SAR 76.54 74.89 AED 78.18 77.00 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 5.47426 LIBOR 3M 5.64078 LIBOR 6M 5.75762 US DOLLAR Indicative […]

Gold rates decline by Rs.3,000 to Rs.215,600 per tola

ISLAMABAD, Dec 09 (APP): The per tola price of 24 karat gold decreased by Rs.3,000 and was sold at Rs.215,600 on Saturday compared to its sale at Rs.218,600 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.2,572 […]

Gold rates dip by Rs.300 to Rs.218,600 per tola

ISLAMABAD, Dec 8 (APP): The per tola price of 24 karat gold witnessed a decrease of Rs.300 on Friday and was sold at Rs.218,600 against its sale at Rs.218,900 the last trading day. The price of 10 grams of 24 karat also decreased by Rs.257 […]

EXCHANGE RATES FOR CURRENCY NOTES

KARACHI, Dec 08 (APP): CURRENCY SELLING BUYING USD 287.40281.21 GBP 361.93 354.08 EUR 310.17 304.04 JPY 2.00041.9572 SAR 76.68 74.92 AED 78.27 77.09 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 5.48030 LIBOR 3M 5.64174 LIBOR 6M 5.73832 US DOLLAR Indicative FBP […]

NBP Exchange Rates

KARACHI, Dec 08 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday the following exchange rates. URRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 284.55284.05 EURO EUR 307.66 307.12 JAPANESE YEN JPY 1.9806 1.9771 BRITISH POUND GBP 358.35 357.72 SWISS FRANC […]

Foreign exchange rates

KARACHI, Dec 08 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday. CONVERSION RATES FOR DECEMBER 08, 2023 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE […]

Gold rates up by Rs.800

ISLAMABAD, Dec 7 (APP): The per tola price of 24 karat gold witnessed an increase of Rs.800 on Thursday and was sold at Rs.218,900 against its sale at Rs 218,100 the last trading day. The price of 10 grams of 24 karat also increased by […]

Fiscal deficit reduced to 0.9%, primary balance stays positive

ISLAMABAD, Dec 7 (APP):Owing to healthy growth in revenues, the fiscal deficit during the first quarter (Q1) of the current fiscal (2023-24) declined to 0.9 percent of Gross Domestic Product (GDP) compared to one percent shortfall during the same period of last year. “On the […]

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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