Small and medium enterprises: E-commerce offered huge opportunities: president

ISLAMABAD: President Dr Arif Alvi chaired a meeting on E-commerce to review the action plan with regards to implementation of e-commerce policy in the country, said a press release issued on Monday.

The meeting was attended by Minister for IT and Telecom Syed Aminul Haque, Advisor to PM on Commerce Abdul Razak Dawood, Deputy Governor, State Bank of Pakistan, Jamil Ahmed, Secretary to the President, Tariq Najeeb Najmi, Secretary IT and Telecom, Shoaib Ahmad Siddiqui, Additional Secretary Finance Dr Arshad Mahmood, Chairman FBR Muhammad Javed Ghani, Member (IT), M/o IT&Telecom Syed Junaid Imam, CEO NITB Syed Shabahat Ali, and Joint Secretary, Ministry of Commerce, Aisha Humaira Moriani.

While addressing the meeting, the president said that promotion of e-commerce was highly essential for strengthening economy of the country.

He said that e-commerce offered huge opportunities for small and medium enterprises that connected them with Pakistani online markets and international markets through global e-commerce platforms.

Highlighting the importance of e-commerce, the president said that it provided access to distant markets, reduced cost of doing business and created employment opportunities.

The Ministry of Commerce briefed the meeting about the e-commerce initiatives and their role in economic development of the country.

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