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PC: Amazon

Pakistan has been trying its best to increase efforts in the e-commerce industry for some time now.

To expand its reach to the outside world, the country has submitted names of 38 exporters to be registered with one of the biggest e-commerce giants, Amazon.

Reportedly, these exporters will be exporting items, including surgical items, sports goods, and home textiles. However, this list will expand shortly if the trial remains successful.

Director General-WTO, in a video message, applauded Pakistan’s step towards the e-commerce sector and was shared will all of the participants.

The State Bank of Pakistan, Federal Board of Revenue, Ministry of IT and Telecom, Securities and Exchange Commission of Pakistan (SECP), National Information Technology Board, and other nominated members of the council including the provincial departments of industries and commerce, provincial revenue authorities, Pakistan Post, federal and provincial consumer rights commissions/councils, telecom companies, online marketplaces, Fintech sector representatives, freelancers, banking sector and logistics companies had attended the meeting.

Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood appreciated the effective implementation of the e-commerce policy. During the meeting, he emphasized the importance of e-commerce and how it plays a vital role in the country’s economy.

He also highlighted the importance of digital adaptation to connect small and medium enterprises (SMEs) with digital platforms for access to global markets.

State Bank of Pakistan (SBP) official said that the regulatory framework for the facilitation of cross-border B2C (e-commerce) had been developed. The businesses will adopt it after the FBR has designed an e-commerce module based on the Web-based One Customs (WeBOC) system.

This new venture is a significant step for Pakistan in opening multiple doorways of opportunities for promoting trade as well as exploring new markets for exporters.

We wish these exporters all the very best.

Stay tuned to Brandsynario for more news and updates.

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