President Alvi calls for e commerce to strengthen economy of Pakistan

President Alvi calls for e commerce to strengthen economy of Pakistan.

Dr. Arif Alvi Monday underlined E-commerce promotion as highly essential for strengthening economy of the country.

President Alvi calls for e commerce

Mr President said e-commerce provide access to distant markets, reduce cost of doing business and create employment opportunities.

He said this while, chairing a meeting on E-commerce to review the action plan with regard to implementation of E-commerce policy in the country.

President Alvi said it offered huge opportunities for small and medium enterprises that connected them with Pakistani online markets and international markets through global E-commerce platforms.

Those attended the meeting included: Minister for IT & Telecom Syed Amin ul Haque, Advisor to PM on Commerce Abdul Razak Dawood, Deputy Governor State Bank of Pakistan Jamil Ahmed, Secretary to the President Tariq Najeeb Najmi.

Furthermore, Secretary IT & Telecom Shoaib Ahmad Siddiqui, Additional Secretary Finance, Dr. Arshad Mahmood, Chairman FBR Muhammad Javed Ghanni, Member (IT), M/o IT&Telecom Syed Junaid Imam, CEO NITB Syed Shabahat Ali and Joint Secretary M/o Commerce Aisha Humaira Moriani also attended.

Briefing

Concerned officials briefed the meeting on the E-commerce initiatives and their role in economic development of the country.

It was informed that the country had potential to increase its GDP by US$36 billion and create 4 million jobs by 2025 by using digital financial services.

The participants were apprized that E-trade in the country had crossed over Rs. 100 billion.

In order to promote E-commerce, the meeting underscored the need for tax incentive packages and availability of IT infrastructure and quality of services in the country.

The president asked NITB, FBR, SBP, ministries of IT and commerce to expeditiously complete work on their respective pillars.

GTV