Joining Amazon's sellers list earns Pakistan $48.5m in e-commerce exports
Business
Joining Amazon’s sellers list earns Pakistan $48.5m in e-commerce export
(Web Desk) - During the 9th National e-Commerce Council (NeCC) meeting held on Tuesday, it was revealed that Pakistan's inclusion in Amazon's sellers list has generated $48.5 million in e-commerce exports.
The meeting assessed notable accomplishments since the adoption of the National e-Commerce Policy in 2019.
These achievements included the establishment of a dedicated category for e-commerce business registration by the Securities and Exchange Commission of Pakistan (SECP).
Additionally, there was an increase in the monthly earning limits for freelancers from $5,000 to $25,000, providing them with more opportunities.
Furthermore, a Business-to-Business-to-Consumer (B2B2C) framework was introduced for international online marketplaces, facilitating smoother transactions between businesses and consumers in the global e-commerce landscape.
Additionally, the SRO(14) scheme has facilitated small packet e-Commerce exports, leading to $66 million in exports, and the launch of the Pakistan Trade Portal has seen registration from over 3,000 businesses.
Looking ahead, the council aims to develop AI tools for online businesses, open new international market access, revisit the policy action matrix, and formalize social commerce. In closing remarks.
Minister Jam Kamal Khan praised the TDAP for the impressive registration on the Pakistan Trade Portal in the last three to four months and recommended linking it with other portals to further facilitate clients.
