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Business & Economy

Iranian Envoy calls on Finance Minister

Posted on by News Desk

Islamabad: 24th July, 2023 (Online): Ambassador of the Islamic Republic of Iran to Pakistan Reza Amiri Moghaddam called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at Finance Division, today. Finance Minister Senator Ishaq Dar warmly welcomed the Ambassador and extended felicitations […]

ECC approves fixation of MPRs of 25 new drugs

Posted on by News Desk

ISLAMABAD, Jul 24 (APP):The Economic Coordination Committee (ECC) on Monday approved the fixation of Maximum Retail Prices (MPRs) of Twenty-Five (25) new drugs. The cabinet committee meeting was chaired by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, according to a press statement […]

Adidas raises annual guidance despite profit plunge

Posted on by News Desk

Berlin, July 24 (AFP/APP): Adidas said on Monday that its second-quarter operating profit plunged but that thanks to selling part of its huge inventory of Kanye West’s Yeezy products it now expects a lower annual loss. The German sports footwear and apparel giant said its […]

EASA clears PIA remote audit

Posted on by News Desk

KARACHI July 23 (Online): European Union Safety Agency (EASA) has cleared Pakistan International Airline (PIA) audit which is major development to restore airline’s flight to Europe. EASA made PIA audit few months ago. EASA will visit Pakistan for physical audit of Pakistan’s CAA. After successful […]

PM Shehbaz chairs SIFC meeting to approve investment projects

Posted on by News Desk

Prime Minister Shahbaz Shareef chaired second Apex Committee meeting of Special Investment Facilitation Council (SIFC) to approve various investment projects of friendly countries. Chief of Army Staff (COAS), Chief Ministers, Federal and Provincial Ministers and high-level government officials attended the meeting. Committee expressed satisfaction on […]

Pakistan, US agree to further strengthen economic ties

Posted on by News Desk

ISLAMABAD July 18 (Online): Pakistan and the United States have reiterated the desire to further strengthen their bilateral trade and economic ties. The resolve was expressed during meeting of Deputy under Secretary of the US Department of Treasury Brent Neiman and US ambassador to Pakistan […]

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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