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‘E-commerce policy to aid exports, digital economy’

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PESHAWAR:

The federal cupboard has authorised the first-ever e-commerce coverage framework of Pakistan to extend exports and strengthen digital financial system, mentioned Particular Assistant to the Prime Minister (SAPM) on E-Commerce Aon Abbas.

Talking at a seminar on e-commerce on the Sarhad Chamber of Commerce and Business (SCCI) on Wednesday, he introduced that Prime Minister Imran Khan, beneath his imaginative and prescient of selling digital financial system, would inaugurate an e-commerce internet portal in February 2022.

He additionally revealed that first-ever e-commerce digital college will probably be arrange within the nation and it’ll start operations in July 2022.

“According to rough estimates, the value of domestic e-commerce stood at $4 billion last year while digital cross border trade activities worth Rs60 billion took place,” he mentioned. “Approximately $340 billion worth of e-commerce is being carried out across the country.” At the moment, 1.1-1.2 million freelancers are working in Pakistan and they’re fetching $1.5 billion in remittances, he mentioned. He confused that the federal government was taking sensible steps aimed toward promotion of e-commerce.

“For this purpose, efforts are afoot to bring improvement in the postal system, value-chain, track and trace mechanism as well as the banking systems,” he mentioned.

Easy, speedy and accredited system is crucial for promotion of e-commerce, he said. There are 9 sorts of hurdles and impediments hindering the promotion of e-commerce and e-businesses in Pakistan, nevertheless, the federal government was taking concrete steps to remove them and repair issues on the earliest, the official mentioned. In keeping with him, the federal government needed to introduce a system to make sure transportation of shipments or merchandise for individuals from the consolation of their properties.

He famous that promotion of e-commerce and digital financial system was the prime goal of Prime Minister Imran Khan.

 Talking on the event, SCCI SVP Imran Khan confused the necessity for promotion of e-commerce and e-businesses.

Citing that Pakistan’s youth possessed ample and matchless expertise, he termed it unlucky that the capabilities weren’t being utilised correctly. He urged the Ministry of Commerce to conduct particular capability constructing workshops to impart information amongst youth in a bid to allow it to make use of know-how for promotion of enterprise.

Revealed in The Categorical Tribune, January 13th, 2022.

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