AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)
Technology

Pakistan officially added to Amazon’s sellers' list, says Dawood

  • Amazon has confirmed that it has added Pakistan to its sellers' list, according to a recent tweet by Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood.
Published May 21, 2021

Amazon has confirmed that it has added Pakistan to its sellers' list, said Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Friday.

The development comes as a welcome relief for Pakistan’s entrepreneurs who have for years seen the e-commerce giant grow its operations in neighbouring countries like India. Past practice has seen most Pakistani sellers registering their companies in other countries to bypass this barrier to entry.

However, Dawood said the government has been engaging with Amazon since 2020 to clear this hurdle for Pakistan. As digital penetration and investment increase in the country, access to Amazon's marketplace would prove to be a growth opportunity for small and medium-scale enterprises, women entrepreneurs, and young talent in Pakistan.

"It is a big accomplishment for our e-commerce and will open up vast opportunities for a new breed of young men and women entrepreneurs. We congratulate everyone involved," said Dawood.

Vice President of Amazon International Seller Services Eric Broussard, who was quoted in the tweet by Dawood, said that Amazon is eager to work with “Pakistan's dynamic business community, including small and medium-scale sellers, and help connect them with customers around the globe”.

Pakistan's e-commerce market size grew by over 35% in the first quarter of the fiscal year 2021 to Rs96 billion compared to Rs71 billion over the same period last year, according to data provided by the Ministry of Commerce,. These trends point towards the growing inclination of Pakistani consumers towards online channels.

Other factors such as increase in mobile broadband penetration, enhancements in international payment methods and government support for e-commerce are also positive signs.

Comments

Comments are closed.