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Govt plans to increase e-commerce trade up to $9 billion: official

Govt plans to increase e-commerce trade up to $9 billion: official

Govt plans to increase e-commerce trade up to $9 billion: official

ISLAMABAD: December 01 – Senator Aon Abbas Buppi, Special Assistant to Prime Minister chairing meeting with traders on E-Commerce at his office. Image: APP

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ISLAMABAD: The government plans to increase e-commerce trade volume up to $9 billion in the next two years by June 2023, an official said.

There are already conflicting figures in Pakistan’s e-commerce trade; however, with the current trade of $4.5 billion, “we can take it up to $9 billion,” Special Assistant to the Prime Minister on e-Commerce, Senator Aon Abbas Buppi said, while chairing the one day “National e-Commerce symposium”, organised by the Ministry of Commerce.

Buppi said that most of the e-Commerce business is being done by the youth and now, at this time, the government will provide them all kinds of facilities.

“I will take care of all the issues of e-Commerce traders, including the State Bank of Pakistan (SBP) and other tax agencies,” he added.

Most of the issues are related to finance, taxes, logistics data and the Ease of Doing Business (EOBD) of which “we are already aware and the government will pay full attention”, he said.

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Aon Abbas said that the government would soon set up the first e-Commerce university, which would enhance the capabilities of e-Commerce traders not only in Pakistan but also in the emerging e-Commerce international market.

The establishment of e-Commerce university would provide new employment opportunities to the youth in Pakistan and the country would become a part of the global supply chain, which would enhance the economic strength.

The special assistant said Prime Minister Imran Khan has high hopes from the youth and now mostly youth are in e-Commerce trade, which can increase the country’s exports, as well as provide ample employment opportunities.

Similarly, the government plans to create the first e-Commerce web portal in the country, which would help curb illegal trade.

Aon Abbas said that with the help of Chinese e-Commerce company, Alibaba, an e-Commerce portal would be created and transparency would be brought in this sector.

He urged the e-Commerce leaders to come forward and train the country’s large youth population in this sector so that youth from remote areas such as Balochistan, Gilgit-Baltistan, Sindh and other provinces could come forward and become part of the country’s economic power and gain decent employment opportunities.

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The e-Commerce leaders now have a responsibility to change the lives of 45 per cent of the youth living in remote areas of the country, he said, adding that these services will be a great provision to their country and these young people will become an asset.

The youth empowerment is the first priority of the government for which there is no better tool than e-Commerce, he said.

Besides, business-to-business, the government will resolve all the problems in this sector regarding the business to company.

Speaking on the occasion, senior joint secretary of the Ministry of Commerce, Aisha Moirani, said that the government is fully committed to promote e-Commerce business domestically and globally.

“Our ministry is working hard to link e-Commerce business with the industry,” she said.

The e-Commerce leaders and traders also gave their recommendations on the occasion and discussed issues related to business-to-business, taxation, logistics, money transaction, e-Commerce supply chain, Ease of Doing Business (EODB), data protection, centralised regulation and business structure.

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E-Commerce trader Badar Khushnood said that in the present government, many issues of policy level and other transactions have been resolved.

The State Bank of Pakistan (SBP) also extended full cooperation in this regard, he said, adding that the Small and Medium Enterprises (SMEs) need to be linked with this sector and also need to address the issues of online payments.

The e-Commerce leaders and traders Sunny Ali, Saqib Azhar, Rehan Allahwala, Zulqarnain Abbas, Hisham Sarwar, Azad Chaiwala, Huzaifa Ali, Usman Chughtai, Syed Tauqeer, Bobby Shahzad, Haroon Raja, Asfandyar, Qasim, Sana Ramay, Adeem Mirza, Rizwan Zafar and Ahmed Memon also participated in the symposium.

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