Pakistan business news
Here are some recent Pakistan business news updates:
Economy
- Pakistan's economy is expected to grow at a slower pace of 2.5% in the current fiscal year due to a decline in agricultural production and a slowdown in industrial growth. (Source: The News International)
- The government has announced a package of incentives to boost the economy, including a reduction in taxes and duties on imports. (Source: Dawn)
Stock Market
- The Pakistan Stock Exchange (PSX) has seen a significant decline in the past few weeks, with the KSE-100 index falling by over 10%. (Source: Business Recorder)
- The government has announced plans to introduce a new tax regime for the stock market to increase revenue. (Source: The Express Tribune)
Industry
- The textile industry is facing a crisis due to a shortage of raw materials and a decline in exports. (Source: The News International)
- The government has announced plans to establish a new textile city in Faisalabad to boost the industry. (Source: Dawn)
Energy
- Pakistan is facing a severe energy crisis, with power outages becoming a regular occurrence. (Source: The Express Tribune)
- The government has announced plans to increase the production of electricity from renewable sources, including solar and wind power. (Source: Business Recorder)
Trade
- Pakistan's trade deficit has widened due to a decline in exports and an increase in imports. (Source: The News International)
- The government has announced plans to increase exports by 10% in the current fiscal year. (Source: Dawn)
Banking
- The State Bank of Pakistan (SBP) has announced plans to increase the minimum capital requirement for commercial banks to Rs. 10 billion. (Source: The Express Tribune)
- The government has announced plans to introduce a new banking law to increase transparency and accountability in the banking sector. (Source: Business Recorder)
Infrastructure
- The government has announced plans to invest Rs. 1 trillion in infrastructure development over the next five years. (Source: Dawn)
- The Pakistan Railways has announced plans to increase its freight capacity by 20% in the current fiscal year. (Source: The News International)
Technology
- Pakistan is facing a shortage of skilled IT professionals, with many companies struggling to find qualified candidates. (Source: The Express Tribune)
- The government has announced plans to establish a new IT park in Islamabad to boost the technology sector. (Source: Business Recorder)
These are just a few examples of recent Pakistan business news updates.