The Ministry of Commerce has shared an initial list of 38 exporters for registration with the international e-commerce giant Amazon in a bid to boost the country's trade and exports.
As per reports published by local media houses, the initial list includes 38 exporters belonging to the sports and surgical goods and home textile sectors.
According to the Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood, more exporters from other sectors are expected to be on-boarded once a successful trial is completed with the initial shortlisted companies.
With the spread of the Covid-19 pandemic, while several sectors have taken a hit, the e-commerce sector has been able to capitalise on new opportunities created by more people choosing to stay at home and using digital means to carry out their day to day activities.
Now the government wants to test e-commerce' effectiveness in boosting cross-border trade.
As per the reports, the central bank has developed a regulatory framework for the facilitation of cross-border Business-to-Consumer (B2C) e-commerce. The framework will be adopted after the completion of its integration with the Federal Board of Revenues (FBR) e-commerce module.
Additionally, the Securities and Exchange Commission of Pakistan (SECP) has announced the introduction of a separate sectoral classification for e-commerce and various other initiatives to promote e-commerce in the country.
© Pakistan Press International, source Asianet-Pakistan