E-commerce policy to target $5 billion trade, 1 million jobs during 2022

E-commerce policy

The federal government has approved e-commerce policy and finalized its plan to inaugurate the first-ever virtual e-commerce university.

Senator Aon Abbas, the Special Assistant to Prime Minister on e-Commerce while addressing a seminar on Wednesday said, “Prime Minister Imran Khan, under his vision of promoting the digital economy, will inaugurate an e-commerce web portal in February.”

The seminar was arranged by the Sarhad Chamber of Commerce and Industry (SCCI) in collaboration with the Ministry of Commerce and Trade Development Authority of Pakistan (TDAP).

The session was attended by the former and existing officials of the Sarhad Chamber of Commerce and Industry, senior government officials, traders, exporters, importers, presidents of different markets.

The Senator told the meeting that the federal cabinet had given the approval of the first-ever e-commerce policy framework. He said that e-commerce would help increase exports and strengthen the digital economy and become the big source of employment in the country. The SAPM added that one of its kind e-commerce virtual universities will also be established in Pakistan which will start working in July, this year.

Read more: Pakistan to soon have its first e-commerce university

He said that as per rough estimate, the value of the domestic e-commerce industry has gone up to $4 billion and cross-border this kind of trade came to Rs 60 billion during the last year. The senator told the session that about 1.1 to 1.2 million freelancers are working in the country, adding around $1.5 billion to the national economy. He said that the government would focus on improving postal services, value-chain, track and trace, and banking systems.

He added, “Prime Minister Imran Khan envisions a system which ensures smooth transportation of shipment and products when an e-Commerce entrepreneur or a consumer is sitting at home.”

The government is taking strong measures to remove hurdles and problems in the way of the smooth functioning of e-commerce and internet businesses.

Most Popular

To Top