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Technology

Sialkot stands out, Alibaba calls on other cities to enhance exports through platform

  • At event in Karachi, Head of Alibaba.com Pakistan says massive opportunity exists for suppliers to start export journey
Published September 16, 2022
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Majority of sellers, approximately 85%, from Pakistan on e-commerce platform Alibaba are based in Sialkot with around 63% of the country's overall number selling their products in the apparel category, it emerged at an event in Karachi on Thursday.

At the ‘Go Export with Alibaba.com’ event, experts also called upon manufacturers and traders belonging to other cities, and specialising in industries other than apparel, to utilise Alibaba, one of the largest global platforms for e-commerce, to increase their sales and widen their access to foreign markets.

“Despite our modest progress in Pakistan, there is still a massive opportunity for suppliers of high-quality products to start their export journey,” said Song Song, Head of Alibaba.com Pakistan.

Alibaba to hold seller summit on Sept 15

Alibaba was founded in 1999 with e-commerce as its key business. It expanded into fast-growing sectors such as cloud services and internet of things in recent years and also owns AutoNavi, a large Chinese digital mapping and navigation firm.

The event highlighted the opportunities available to exporters, manufacturers, wholesalers, traders and retailers of Karachi aimed at expanding the digital business-to-business customers.

The main agenda behind the summit was to educate local manufacturers and businesses about the e-commerce export space and also talk about the capability of online export business.

“Through the platform, we encourage traders to grow beyond their domestic market and breach the digital space that holds a community of 40 million customers,” he added.

He said that SMEs in Pakistan, specialising in fields other than apparel, should utilise the digital marketplace to widen their market access and amplify sales through exports.

Song said that based on information from the World Trade Organization, Pakistan's B2B e-commerce market is experiencing rapid growth and its B2B segment is projected to achieve an annual growth rate of 28% in the next three years.

He added that the rupee depreciation has made exports viable for the country.

“Pakistan is one of our most important supplier markets given its geographical advantage, skilled labour force and budding entrepreneurial SMEs looking to export,” he said.

“We have notable growth in Pakistani suppliers on our platform over the past few years, and Pakistan is also among our top overseas supplier market.”

He lamented that only 3.3% of the total Pakistan exporters on the platform were from Karachi. He stressed that these dynamics should change.

Song invited Karachi-based exporters to embrace the e-commerce export route.

“Its time we look for new ways to do commerce,” he said. “We have to diversify our business and update it at the same time. We promising to invest as much resources as we can to transform Karachi into the next digital trade hub of the world.”

Trade and Development Authority of Pakistan (TDAP) Deputy Director Haider Zamin announced that TDAP would soon sign a Memorandum of Understanding with Alibaba.com.

“We look forward to drafting a holistic export policy that will not only promote export industry but also ensure collective good with our local as well as international stakeholders,” he said.

According to him, there are 5.2 million SMEs in Pakistan that add 40% to the GDP.

“There is a huge potential for e-commerce exports in Pakistan,” he said.

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SAMIR SARDANA Sep 17, 2022 02:39am
ALIBABA AND THE MERRY MEN - PART 1 FOR THE TICKET SIZE OF ALIBABA TRADE DEALS TO BE VIABLE ON E-COMM,1ST ALIBABA HAS TO TIE UP WITH LOW COST FREIGHT FORWARDERS TO KEY EXPORT HUBS - FROM WHERE SEVERAL TRANSSHIPMENT OPTIONS ARE THERE.THE CUTTING EDGE IS QUALITY AND FOB PRICE OF GOODS + COST AND TIME FOR LOGISTICS.SO THE QUALITY IS THE CORE COMPETENCE OF THE EXPORTER AND THE LOGISTICS IS THE KEN OF ALIBABA ! THEN ALIBABA HAS TO HOST VIRTUAL TRADE FAIRS,WHERE PAKISTANI EXPORTERS CAN SHOWCASE PRODUCTS,INNOVATION,TECH,LABOUR STANDARDS ETC. ALIBABA HAS TO TIE UP WITH LOW COST EXPORT FINANCING OPTIONS,AS IN FACTORING.FORFAITING ETC.,TO PROVIDE AN ALT TO PAKISTANI EXPORTERS AND OFFER FREE TRAINING AND MARKET INT ON THE SAME ALIBABA CAN CREATE THE EXPORT MARKET,AS FOR EXAMPLE IN EU,WHERE POWER AND GAS HAS HIT THE ROOF,AND MANUFACTURING WILL CLOSE DOWN.SMALL RETAIL STORES IN EU, CAN ONLY USE ALIBABA TO CONNECT TO PAKISTANI SME EXPORTERS TO IMPORT QUALITY AT LOW COST ON DEFERRED PAYMENT.S
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SAMIR SARDANA Sep 17, 2022 02:44am
ALIBABA & THE MERRY MEN - PART 2 ALIBABA NEEDS TO DEVELOP A SYSTEM OF RATING,OF PAKISTANI EXPORTERS & THEIR IMPORTERS,ON VARIED PARAMETERS,SO THAT PAYMENT & CREDIT RISK CAN BE ACCURATELY, CAPTURED & FORECASTED. THIS WILL AID IN EXPORT FINANCING & THE LOWERING OF THE COST OF EXPORT FINANCING & ALSO AID ALIBABA IN FUNDING THE POST EXPORT FINANCE OF GOLD RATED EXPORTERS & IMPORTERS (BASED ON RATING & WITH GROUP CREDIT INSURANCE). ALIBABA IS CASH RICH,& CAN ENTER INTO THE POST SHIPMENT EXPORT MARKET - TO USE ITS TREASURY,AT MUCH HIGHER ROI (& NIL RISK) & ALSO BOOST EXPORT VOLUMES THIS WILL ALSO AID ALIBABA IN OFFERING CREDIT INSURANCE TO PAKISTANI EXPORTERS,WHICH THEN ALIBABA CAN REINSURE,ON A GROUP BASIS,BASED ON A RATING CLASS OR GEOGRAPHY OR PRODUCT SEGMENT. THIS WILL ALSO AID ALIBABA IN FINDING A LOGISTICS VENDOR WHO CAN ISSSUE MULTIMODAL BL AT KARACHI WAREHOUSE,O/S PORT QASIM FOR GOLD RATED EXPORTERS & IMPORTERS,WHICH THEN CAN BE DISCOUNTED BY EXPORTERS.dindooohindoo
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SAMIR SARDANA Sep 17, 2022 03:09am
ALIBABA AND THE MERRY MEN - PART 4 MOST IMPORTANTLY,SINCE ALIBABA WILL BE A PAYMENT GATEWAY FOR EXPORTS & IMPORTS FROM & INTO PAKISTAN GARMENT SECTOR,IT CAN DO OFFSET HEDGES & CLEAR DUES WITH PAKISTANI EXPORTERS IN PKR - THUS MAKING THEM EXIT THE PKR-USD MARKET. AT THE SAME TIME,ALIBABA TREASURY,CAN PLAY THE FX MARKET,BOTH WAYS THIS WILL REMOVE A HUGE BURDEN,FROM THE PAKISTANI GARMENT EXPORT SECTOR,& CAUSE AN EXPLOSIVE SURGE, IN ALIBABA EXPORTS,FROM PAKISTAN OF ALL ITEMS - & THIS MODEL CAN BE USED ALL OVER THE DEVELOPING WORLD. THIS WILL ALSO AID THE GOP, AS ALL THE EXIM PAYMENTS WILL BE VIA BANKING CHANNELS. & NO DUTY EVASION .NOW, FOCUS WILL BE ON, BRANDING AND MAXIMISING NSR OF PRODUCT,S AND INNOVATION. THE CRUX = ALIBABA HAS TO OFFER COMPREHENSIVE SOLUTIONS,ACROSS THE SUPPLY CHAIN,TO LOWER COST & OBVIATE RISK - & LET THE EXPORTER,FOCUS ON MANUFACTURING EXCELLENCE,& INNOVATION & CREATIVITY. THAT IS THE WIN-WIN-WIN FOR EXPORTER-ALIBABA & IMPORTER IN EU/ASIA.
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Hassan Raheem Sep 17, 2022 05:49am
Hi, I.am interested to sale jeans on Ali baba from Lahore. Kindly guide me. Hassan Raheem 00923008009932
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M. Ahmed Fiaz Sep 17, 2022 02:24pm
@Hassan Raheem , Just search " how to sell on Alibaba " on YouTube and Google
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