Islamabad (mnm.com.pk) Under Pakistan's e-commerce policy framework, the Ministry of IT and the Pakistan Telecommunication Authority are in the process of formulating Pakistan's first cloud policy, while the draft of the Data Protection Law is in an advanced stage. consultation.
Why is Amazon coming to Pakistan in the middle of this year?
Seattle-based online retailer Amazon could soon enter Pakistan's e-commerce market. They can get admission through the electronic shopping portal click.pk located in Pakistan. Talks are underway between senior Amazon officials and Kalki.pk, as reported by the Economic Times of India.
Amazon already owns 33% of Kalki.pk, after Dubai-based online retail e-commerce giant Souq. Souq started investing in a Pakistani company in late 2016. An official also said:
Pakistan's history in banning social sites
Pakistan has banned 1,200 items that cannot be imported from India. As a result, the two countries trade informally through Dubai or occasionally through Afghanistan. According to the ICRIR report published in 2016, the two South Asian neighbors had 7.777 billion in fiscal 2013 and then continued to decline with 6 6.2.6 billion in fiscal 2016 and again in 2017. Again, 2 2.3 billion.
Most of the products go through the large merchants in Dubai and Karachi who import them. From Karachi, the product is then distributed throughout the country. If Amazon is entering the Pakistani e-commerce market through clicky.pk, it will be very beneficial for the American company as Alibaba is one of the biggest online merchants. platforms in Pakistan owned by Rocket Internet. Acquisition negotiation.
Pakistan's e-commerce market is estimated at 100.1 billion in 2017, which is estimated in 2017. Click.pk sold 33% of its shares in 2017 for 1 million. Amazon acquired the Dubai-based Souk in its entirety in 2017 for $ 580 million. Although we tried to reach Click.pk, they have not confirmed the news yet. According to industry experts,
"These three geographic locations, India, Dubai, and Pakistan, are destined to reach Amazon scale. Amazon will enter several Asian countries, which will be the only country to increase its volume, improve its sourcing and revenue stream. New strategy for reducing dependency.
According to the Pakistan Telecommunications Authority (PTA), Pakistan's e-commerce market is expected to exceed 1 billion by 2020. Adam Ghaznavi, co-founder of e-commerce site Chemo.pk, which is also a popular online store in Pakistan, said:
"Amazon & Alibaba both are interested to work in Pakistan, because Pakistan has 70% mobile phone penetration in the population of 220 million. The China-Pakistan Economic Corridor will also bring a large amount of Chinese investment into the country, attracting investors ".
