In this paper, a brief review about the advancement in powder metallurgy process along with their applications as well as problems faced during the research is discussed. The main objective of this paper is to accentuate the applications of advanced powder metallurgy technology in various fields and also to encourage the readers to understand and write more papers on such issues. Advanced Powder Metallurgy is also known as metal injection moulding (MIM) technology helpful for forging complex shaped components with low investment of money. Therefore, a forming technology applied to form new materials by diffusion of different metals as well as ceramic powders as raw ingredients through sintering (temperature below melting point) is known as powder metallurgy. The most advantageous thing of this process is that, the powder can easily be shaped directly into the end product and also possesses significant degree of freedom in the composition of materials, properties, microstructure and thermal processing. Powder Metallurgy provides such properties that cannot be achieved by melting process. Advancement in Powder Metallurgy technique is a standard allusion for the engineers in the metal forming industries that use powder metallurgy with a research interest in the field.