Pakistan is in the process of registering its sellers with US e-commerce giant Amazon and has sent a list of 38 exporters for registration.
The preliminary list of 38 exporters includes the surgical and sports equipment and home textile sectors, and the list will be expanded to other sectors in the near future, following a successful trial of shortlisted companies. Adviser to Prime Minister on Commerce Abdul Razzaq Dawood announced this while presiding over the second meeting of the National E-Commerce Council on Thursday.
A video message from the Director-General of the World Trade Organization (WTO), praising Pakistan's e-commerce policy as a step in the right direction, was also shared with the participants.
The Adviser spoke about recent developments in e-commerce policy since its approval on October 1, 2019. He appreciated the concerted efforts of the public and private sectors for the effective implementation of the policy.
Dawood stressed that the trend of e-commerce has accelerated in recent years with the development of the Internet and easy access. He added that the importance of e-commerce has multiplied due to the epidemic of Covid-19, which has made it a very important sector of the economy.
He emphasized the importance of guiding resources towards digital adoption and connecting small and medium enterprises (SMEs) with e-platforms around the world while exploring new market access opportunities for them. ۔
Sharing the progress, a State Bank of Pakistan (SBP) official said that a regulatory framework has been developed to facilitate cross-border B2C (e-commerce), which will be integrated with the e-commerce module. Will be adopted later by which it will be prepared.
Federal Board of Revenue (FBR) in Web-Based One Customs (WeBOC) system. Punjab and Khyber Pakhtunkhwa revenue officials approved the announcement of support for the digital and e-commerce sectors in the provincial budget in these difficult circumstances.
In a meeting Representatives of the Consumer Protection Councils Punjab and Lahore and the Consumer Rights Commission of Pakistan told participants that in line with the e-commerce policy, federal and provincial consumer laws are being amended to include e-commerce and problems associated with that industry.
He added that plans were being made to educate webinars on academia and train judicial officers in consumer protection. Meanwhile, the Securities and Exchange Commission of Pakistan (SECP) has revealed that a number of new initiatives are being planned to promote e-commerce, including a separate sector classification for e-commerce.
So far, 152 businesses have registered on its portal, reducing the company's registration time to four hours.
Speaking on the occasion, the Commerce Secretary said that the Ministry of Commerce is constantly engaged with Pakistan's foreign trade missions to promote trade and find new markets for exporters. In this regard, the new development is the registration of Pakistani sellers with Amazon.
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