Tag: NeCC

  • Amazon’s entry to Pakistan expected to create thousands of jobs

    Amazon’s entry to Pakistan expected to create thousands of jobs

    Amazon has finally added Pakistan to its list of seller countries with Pakistanis now able to create accounts using Pakistani credentials and details.

    As per details, several officials including Aisha Moriani (Joint Secretary, Ministry of Commerce), Omer Gajial (Ex-Amazon Category Development Head for Amazon North America division), and Shoaib Sarwar (deputy Consul General, Consulate General Pakistan, Los Angeles) along with the team members of NECC (National Ecommerce Council) and Badar Khushnood from Pakistan Software Houses Association have played an important role in this development.

    This is a huge milestone and will transform Pakistan’s economy as more sellers from the country will visit the platform.

    Earlier, advisor to Prime Minister (PM) Iman Khan on Commerce and Trade, Abdul Razak Dawood stressed that e-commerce has changed the business practice and that Pakistan must pay attention to it.

    Besides, after COVID-19 e-commerce practices have increased by many folds, and it is a great oppertunity for women, Small and Medium Enterprises (SMEs) and entrepreneurs.

    On this occasion, Special Assitant to PM, Dr Shahbaz Gill said: “The contemporary government has achieved a milestone that the country had been unable to achieve for more than ten years.”

    “Pakistan will enter into the global market, and it will generate economic activity of millions, that will also create many employment opportunities, thank you, Imran Khan,” he added.

    In addition, Pakistan’s largest EdTech platform, Extreme Commerce has trained millions of people for Amazon selling and trading and complete e-commerce.

    The company has said that “The new era of e-commerce boom for Pakistan is about to start. Get your agencies ready for more business, aa you are about to get flooded with Pakistani manufacturers and brands who would need your services to take them to Amazon. Do your best, do not let the brand Pakistan down ever again, please.”

    In less than 24-48 hours, Pakistan will hopefully show up in the list of allowed countries for Amazon sellers. You…

    Posted by Extreme Commerce on Wednesday, May 5, 2021

  • Pakistan’s e-commerce market size increases to Rs96bn

    Pakistan’s e-commerce market size increases to Rs96bn

    Pakistan’s e-commerce marketing size has increased to Rs96 billion in the first quarter of the financial year 2021 as compared to Rs71 billion in the first quarter of the financial year 2020.

    This was informed during the fourth meeting of the National e-Commerce Council (NeCC), chaired by Abdul Razak Dawood, advisor to Prime Minister (PM) on commerce.

    NeCC is a body of representatives from the public and private sector, established under the National e-Commerce Policy approved by the cabinet in October 2019.

    According to officials, the NeCC discussed operationalisation of cross border e-commerce procedures, incentives to promote e-commerce, ways to introduce international payment services.

    Furthermore, deliberations on the mercantile stock exchange, digital on-boarding services, reports of the consultative committee on Women Economic Empowerment (WEE), e-commerce business facilitation portal, consumer protection councils, availability of broadband to remote areas, Trade Development Authority of Pakistan (TDAP) a digital transformation process, and collaboration with Small and Medium Enterprises Development Authority (SMEDA) on e-commerce related matters were also discussed.

    The Federal Board of Revenue (FBR) informed the meeting on the legal framework updates, including e-commerce rules regarding the mechanism of imports goods clearance, and return of goods policy.

    The State Bank of Pakistan (SBP) also gave a detailed presentation on efforts to promote cross-border e-commerce.

    The National Institutional Facilitation Technologies (NIFT) informed the meeting that they are developing a payment solution for cross border/international payments in collaboration with the SBP through which people outside of Pakistan will be able to pay through Paypal, Google Pay and Apple Pay. Payments within Pakistan will be processed through the help.

    NIFT said that the payment system was to become functional by the end of 2020 but the diversion of efforts towards COVID affected the plan badly.

    Meanwhile, the sub-committee on financial inclusion and digitization shared its progress of conducting three webinars for freelancers, mobile wallets, account-based solutions and card-based payments.