Pakistan’s e-commerce market swells to Rs96 bn
The Ministry of Commerce has revealed that Pakistan’s e-commerce market has grown by 35 percent in the first quarter of the fiscal year 2021.
Adviser to PM on Commerce Razak Dawood said this while chairing the fourth meeting of National e-Commerce Council (NeCC). He shared a data which stated e-commerce business with prepayment has increased to 2,164 from 1,410 in the past 12 months.
An increase to Rs96 billion from Rs71bn has been reported through the data.
Moreover, the meeting also discussed operationalisation of cross-border e-commerce procedure, incentives for promoting e-commerce, discussion on international payment services, Mercantile Stock Exchange, digital on-boarding services, reports of Consultative Committee of Women Economic Empowerment (WEE), e-commerce business facilitation portal, consumer protection councils, availability of broadband to remote areas, Trade Development Authority of Pakistan (TDAP) digital transformation process and collaboration with Small and Medium Enterprises Development Authority (Smeda) on e-commerce related matters.
