What Is The Future Of E-Commerce In Pakistan?

 

As per the official sources, E-commerce in Pakistan is expanding rapidly and is becoming a major trend among internet users. The flow of E-commerce in Pakistan is increasing due to the dexterity of legitimate online businesses or websites where the sales and purchases are good. Furthermore, easy access to internet connectivity and availability is also a prime factor that contributes to the wellness of E-commerce in Pakistan.

 

For our neophyte audience, let’s first have a look at what E-commerce literally means?  E-commerce typically refers to commercial transactions that are conducted electronically via the internet system. In simpler terms, the buying or selling of goods or services through online services on the internet.

 

The term E-commerce has different meanings to it. For example, it is also the transmitting of funds and data through an electronic service, majorly the internet. The business transaction made in the E-commerce platforms can be of many types; like B2B – business to business or also B2C – business to consumer, but not only confined to this but also  C2C – consumer to consumer and C2B – consumer to business.

 

E-commerce in Pakistan is majorly contributing to the country’s economy. Pakistan, for a long span of time now, has been thriving to make a strategic plan to accomplish broad commercialization. The IT sector, the development of the populace of the country, and the development of the individuals utilizing the platform have upheld the mission tightly.

 

The most frequently asked question about the E-commerce field is how to start this business. It is perhaps very easy if you first do your homework in the field of business you are stepping in. If you want to sell a product then you must know all the technicalities of it to avoid any mishaps. However, you can also sell your products to the various E-commerce websites or you can simply make your own brand and market it through social media apps.

The future of E-commerce is expected to be on the brighter side with more fortuity and expansion. Moreover, the contribution of E-commerce has also contributed to the economic sector of the country for its betterment and is expected to increase during this and the upcoming years. The scope of E-commerce in Pakistan is also anticipated to grow in the upcoming years as the trend continues to increase. 

This industry will definitely give Pakistan a sector that will allow the local residents to work towards their national perception of the wealth and their inaugurated potential as this is something that will benefit them in the long run. 

Assuredly, it will provide Pakistan with an optimal way to even cover a vast distance of the country as they will cover the social as well as the economic development that is coupled with the mechanical development in a short span of time.

According to several reports, E-commerce in Pakistan will also prominently contribute to improving the livelihoods of the people and also in constructing ambitious enterprises along with increasing the shares in the global market. However, in regards to this increasing global trade and closing digital divides currently act as a barrier between the already developed and developing countries of the world. 

Furthermore, there are crucial facts and figures which need to be set up and put in place which will surely strengthen the competence, both materially and subjectively. However, the finest E-commerce websites in Pakistan are also predicted to grow more and expand their business within international borders. 

In today’s realm, the youth are far happier to take advantage of technology than the older generation with their own primitive ways. However, the promotion, as well as the regulation of E-commerce, will also be more essential in terms of offering employment opportunities for about a 130million people over the next 30 years period in Pakistan. 

Let’s have a further look at the benefits and the opportunities of E-commerce in Pakistan. 

• Freedom for everybody to start off their new business at home.
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• Expand the global reach.
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• No time limit because normally E-commerce websites are 24/7 available.
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• Fuel cost is also eliminated as your order is just a click away.
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• Online discount offers 
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• Security and protection of data
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• No need for physical storehouses or warehouses.
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• Choices to set up the business
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• Independence of setting location for custom or seller
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• No need to carry cash around with you, you can pay online in an electronic form
• It creates more employment opportunities.

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Courtesy ecommerce

Pakistani teams ranked first and second place in 5th Huawei ICT Competition Middle East

 

• Two Pakistani teams to compete in the Huawei ICT Competition 2021-2022 Global Finals

• 8 teams from the Middle East will compete in the global event held in Shenzhen, China in June

ISLAMABAD, MAY 31: Two Pakistani teams are participating in the global finals of the Huawei ICT Cometption 2021-2022 to be held in June and taking place in Shenzhen, China. 

Ranked in first and second place in the 5th Huawei ICT Competition Middle East region which was held in partnership with Higher Education Commission Pakistan, the teams will now proceed to the Global Finals in Shenzhen, China in June, part of an eight-team delegation that will represent the Middle East at the global competition. The event will be streamed live to a worldwide audience. 

Huawei ICT Competition 2021-2022 is the culmination of a one-year journey that started in June2021, beginning with the national preliminary competition followed by the national finals and, finally, the regional finals. 

This year's competition provided training and competition tracks in advanced technologies such as intelligent applications, cloud computing and big data. Worldwide, over 125,000 students, 2,000 universities and 85 countries/regions participated in this year's contest. 

The Pakistan team ranked in first place included Bhagchand Meghwar and Sateesh Kumar from Mehran University of Engineering & Technology, Jamshoro, Syeda Iqra Fatima from Islamiya University Bahawalpur, and Faheem Yar Khuhawar from Mehran University of Engineering & Technology. 

The Pakistan team ranked in second place included Hafiz Muhammad Rizwan from Government College University, Faisalabad, Adnan Ali from Virtual University, Islamabad, Mukhtar Memon from Mehran University of Engineering & Technology, Jamshoro and Muhammad Salman from UET Lahore, Al-Khawarizmi Institute Of computer Science. 

Mark Meng , CEO Huawei Pakistan said, "We are delighted with returning to the physical-style ICT competition where we again celebrate innovation and creativity. As digital transformation accelerates, we want to support the communities where we serve with the opportunity and platforms to develop impactful technologies that will change lives. 

Teams from Jordan and Pakistan made it to the podium in last year’s global competition finals and we are confident our teams from Pakistan will perform as admirably this year." 

The Huawei Innovation Competition was held for the second consecutive year parallel to the ICT Competition. The Innovation Competition empowers undergraduate students and their teachers to use innovative technologies – such as artificial intelligence (AI), cloud computing, and big data – to create valuable and impactful applications for society. 

With the theme of "Connection, Glory, Future," the Huawei ICT competition bridges the gap between Huawei and universities/colleges, education, and the ICT industry, students and enterprises' talent requirements, and promotes competition, learning, and development. 

The competition provides an international stage for up-and-coming students, giving them recognition, and raising the industry's profile of teachers and universities/colleges. The contest allows participants to grow in the process, improve the start point of their career, benefit from digital technologies, and develop towards a better future.

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Imran to opt for a different strategy if PTI marchers don’t get SC’s protection for next protest

 

PESHAWAR, MAY 30: PTI Chairman Imran Khan said on Monday that if the Supreme Court does not provide his party “protection” from police action for the next round of their protest, he would opt for a different strategy wherein his supporters would be “prepared” to deal with the situation.

Addressing a lawyers’ convention in Peshawar, the former prime minister said: “If they (SC) don’t give us protection, today I stand here in front of you and say that I will have another strategy.”

Under this strategy, Imran said the PTI would make a plan for dealing with the obstacles. “[That] time round we weren’t prepared […] we were stuck unprepared. This time we will be prepared,” he said, declaring that this was a jihad for him. “I will not accept this imported government at any cost.”

Imran march for haqeeqi azadi — true freedom — was preceded by the authorities invoking of Section 144, a measure used to curb gatherings. Shipping containers were put in place on major thoroughfares to block their path.

Undeterred by the moves, the marchers, who tried to force through the containers to make their way to Islamabad, were met with tear gas as police tried to disperse them. Police also charged at them with batons.

PTI’s Azam Swati has also filed a police complaint seeking the registration of a first information report (FIR) against Prime Minister Shehbaz Sharif, Interior Minister Rana Sanaullah, Inspector General of Police Islamabad Dr Akbar Nasir and others over “police brutality and unreasonable use of force” against PTI supporters.

During his speech, Imran came down hard on the ruling coalition, reiterating that they were brought in through a “foreign conspiracy”. He also lambasted the government for the crackdown on the participants of the much hyped but short-lived Azadi March held on May 25.

“We have asked for a ruling from the SC over whether or not we have the democratic right to stage a peaceful protest? If this is a democracy […] under what basis were we stopped? How can they stop the chief ministers of Khyber Pakhtunkhwa and Gilgit-Baltistan?” he asked.

He asserted that his party did not have a “history of violence”, pointing to the PTI’s 126-day sit-in in Islamabad in 2014. He said that he called of the sit-in on May 25 in an effort to avoid bloodshed.

Imran said the brutality of the police had angered the people, adding that he feared that it would lead to violence and chaos. He said that it would also have developed hatred against the police as well as the army as Rangers had also fired tear gas shells.

“I did not want my country to be divided and for our enemies to benefit,” he said.

Imran asked the apex court to give a ruling providing an explanation why obstacles were placed to stop the PTI from holding the long march. He also questioned whether the SC would still allow such “undemocratic” moves when the PTI announces the date for its next march.

“This kind of brutality doesn’t even happen in dictatorships,” he said.

‘Defining moment’

During his speech, Imran said that Pakistan was currently witnessing a “defining moment”, and called on the legal fraternity and the judiciary to play their role in saving the country.

“I want you all to think of this as a jihad. This is a fight for our haqeeqi azadi (true freedom),” he said. He went on to say that future generations would not be forgiving if they did not raise their voice.

Turning his guns towards the Sharif family, Imran said that when he entered politics he was warned about them. “I was warned that they were cheap and disgusting and would not spare my family.”

He accused the Sharif family of functioning like a mafia where it would either buy off people’s loyalties or eliminate them.

Imran also lamented that the law only applied to the country’s poor, pointing out how the indictment of Prime Minister Shehbaz Sharif and Punjab Chief Minister Hamza Sharif was being delayed.

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Courtesy Dawn News

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Armenia tries to disrupt process of regional cooperation with its baseless statements: Khalid Taimur

 

ISLAMABAD, MAY 30: “The latest statement realized by the Armenian media about Azerbaijan’s military killing of David Vardanyan depicts a hostile agenda of spreading misinformation,” Khalid Taimur Akram, Executive Director Pakistan Research Center for a Community with Shared Future.

According to him, the Yerevan leadership is trying to ignite conflict by disrupting the process of regional cooperation commenced by Azerbaijan: “All these statements are baseless and far from the truth. Therefore, such despicable moves to weaponize people’s empathy and goodwill through lies in order to delegitimize Azerbaijan will certainly face righteous opposition globally and from all those who value truth, equality, and justice.”

He also noted that Armenia must provide maps of the mines and cooperate with Azerbaijan rather than spreading fake news, halting the Brussels meeting’s outcomes and regional peace.

Earlier, the Azerbaijani Ministry of Foreign Affairs denied the accusations of the Armenian Foreign Ministry that the Azerbaijani side violated the ceasefire.

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Courtesy report.az

Pakistan invites Japanese companies to invest in Pakistan

 

ISLAMABAD, MAY 27: Prime Minister Shehbaz Sharif Friday while underscoring his government’s efforts for creating business-friendly opportunities, invited new Japanese companies to avail themselves of such opportunities and invest in Pakistan.

The prime minister, in a meeting with Ambassador of Japan to Pakistan Mitsuhiro Wada here, assured that the government would extend all possible facilitation to Japanese investors.

Conveying Pakistan’s firm resolve to elevate this relationship to new heights, the prime minister emphasized the importance of deepening bilateral cooperation, especially in the areas of trade, development, education, IT, climate change, and infrastructure.

During the course of their conversation, views were exchanged on further strengthening the existing Pakistan-Japan bilateral relationship. The prime minister recalled that the year 2022 was being observed as the 70th anniversary of the establishment of diplomatic ties between the two nations.

He also appreciated that the special events being organized to commemorate this landmark occasion were a reflection of the special relationship that Pakistan enjoyed with Japan. The prime minister was deeply appreciative of JICA’s ongoing programmes and meaningful contribution for supporting socio-economic and development sectors in Pakistan.

Ambassador Wada recalled Japan’s longstanding bilateral cooperation with Pakistan in diverse fields and expressed his government’s commitment to working together for the achievement of shared goals and objectives.

The ambassador also conveyed Japan’s appreciation for Pakistan’s facilitation in the post-15 August 2021 evacuation of Japanese nationals from Afghanistan, following the takeover of the Taliban.

While underlining the need to maintain the momentum of high-level exchanges, the prime minister extended a cordial invitation to Prime Minister Fumio Kishida to undertake a visit to Pakistan, at an early date.

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