Alibaba.com, PSGI form strategic partnership to support Pakistani SMEs

KARACHI: Pearl Shine Group International (PSGI), a nationally & internationally recognized diversified group of companies, recently entered into a strategic partnership with one of the world’s largest B2B portals, Alibaba.com. The platform provides an online space that brings together buyers and sellers to communicate, collaborate and carry out global trade. More than 650,000 Pakistani SMEs are currently members of Alibaba.com, and the new local partnership will help grow and solidify new potential for local suppliers to enjoy more exposure in the global market. 

“Pakistani exporters need a stronger online presence because the world has turned into a global village,” said PSGI CEO, Irfan Haider Awan. “Local business owners should explore and avail the opportunities beyond our national territory by making intelligent use of e-commerce mechanisms in this new technological era. Such steps will not only help Pakistani SMEs benefit from economies of scale but will also contribute to better balance of trade.” 

He further added, “Many countries today are enjoying economic growth by effectively using the Internet for business. The global B2B e-commerce transactions have crossed US$12.4 trillion milestone in 2012 which stood was just $ 3.4 trillion in 2005. Although Pakistan still lacks a substantial presence in terms of online business, it also highlights the high potential this medium represents for us, especially for our 3 million-strong SME community.” 

“Alibaba.com is excited about this new partnership with PSGI for it gives us a chance to work closer with the Pakistan market,” said Head of Global Supplier Development and Sales, Timothy Leung, Alibaba Group. “Online business and e-commerce can potentially take Pakistan’s trade opportunities to the next level. We understand the potential of Pakistani SMEs and will continue to offer new programs and services, both online and offline, so these businesses can learn how to capitalize from online trade through Alibaba.com.” 

The new partnership between PSGI and Alibaba.com aims to help small businesses market their products internationally, find genuine buyers, sell their products/ services and explore domestic and international business opportunities. It is expected that the partnership will contribute to the development of Pakistan’s e-commerce environment which has the potential to increase business activity, drive economic growth and create new job opportunities for budding entrepreneurs.