Saturday, January 28, 2023

E-commerce in Pakistan to hit $9.1b

Senator Aon Abbas Buppi, the Prime Minister’s Special Assistant on E-Commerce, predicted $9.1 billion in e-commerce sales by 2020.

He told APP that Pakistan’s e-commerce business was developing and might soon dominate regional markets. He said the country’s e-commerce sales was $4 billion, far less than regional competitors.

“E-commerce can assist balance our trade imbalance and improve the country’s economic growth,” says Aon Abbas Buppi. And e-commerce had a bigger market volume than traditional trade, allowing teenagers to participate in economic growth.

Imran Khan, Pakistan’s Prime Minister, recently attended an e-commerce convention, which several social organisations praised.

A lot is being done to improve the e-commerce sector, he said, focusing on tax, business ease and freelance problems.

Other issues being focused on include freelancers and entrepreneurs’ taxes and company registration.

The SAPM underlined its zero-tax strategy for registered freelancers. Pakistan has overtaken India as the world’s third largest digital market.

Financial and technical support from ADB helped build the e-Tijarat platform. Other support was set up to stimulate e-commerce. The E-Tijarat platform would help promote Pakistani products regionally and globally. He anticipated e-commerce will help mobile, e-funds transfer, and supply chain.

internet marketing, e-commerce, EDI, and data collection. “The internet’s openness and data processing by local and international e-commerce businesses have heightened the risk of personal data misuse,” he said.

Many countries passed laws to decrease the risk of data breaches and misuse. According to Aoun Abbas Buppi, the Pakistan Tehreek-e-Insaf (PTI) government released its first e-commerce plan in October 2019.

Aon Abbas argues E-Commerce strategy lets communities use this rare opportunity. He noted that the country’s youth made e-commerce a terrific location to work.

Read more: PM Imran Khan Launches Pakistan’s First E-Commerce E-Tijarat Portal

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