The Ministry of Commerce has planned to collaborate with the Securities and Exchange Commission of Pakistan, the Federal Board of Revenue and the State Bank to create an e-commerce business facilitation hub by ensuring facilitation for freelancers, e-commerce initiatives, and startups.
Tell me more: Pakistan’s first-ever Ecommerce Policy was announced in October 2019. The policy aimed to:
- provide a launching pad to the e-commerce market and its exports
- driving youth empowerment and employment generation
- export development
- increase investment/FDI through digital connectivity.
Under this policy, the Pak e-SME program will be initiated to identify, train, enable, and connect 50,000 e-SMEs of remote areas of Pakistan to online marketplaces to promote e-commerce.
Moreover, an E-commerce aggregator will be developed with Public-Private Partnership to showcase e-commerce companies of Pakistan to the world.
You should know: The country’s e-commerce sector is booming. Several local e-commerce platforms have popped up, and with online payments available, the sector is growing rapidly.
Additionally, in May last year, Pakistan was added to the sellers’ list of Amazon, one of the world’s largest e-commerce platforms.
Before you go: Pakistan is also planning to build its first e-commerce university and an e-commerce web portal.