In Pakistan, e-commerce has a huge potential to create 2m jobs in the country. It will boost the GDP of the country by up to $40 billion in the next couple of years. In order to promote the ICTs sector to change the digital economy of Pakistan, transformation is key, as reported by Express Tribune.
In a statement the Rawalpindi Chamber of Commerce and Industry (RCCI) President Saboor Malik said that the Pakistan government needs to adopt new economy dimensions as the online platform is increasingly growing. He said that Pakistan is still lagging behind in this race.
The e-commerce policy has been approved by the federal cabinet to promote digital culture and paperless trade to boost the trade volume. But right now, it is high time that the online platforms specifically for e-payments are utilized. Over 66% payments for e-shopping are done through cash-on-delivery (COD) basis which negates the basic aim of a digital platform.
It is pertinent to mention here that considering the ongoing COVID-19 situation, the world has realized the importance of technology. It is the need of the hour to establish such platforms that ease users and allow them to adopt tech-based solution to daily problems.
Researchsnipers earlier reported about how the forecasted population of Pakistan will be up to 210 million by the year 2020 and 245 million by 2030, and as per those numbers the consumer market could positively drive the economic growth of the country.