Banking

Alibaba Exploring to Start E-Commerce, Digital Payment Services in Pakistan

Minister of State for IT, Anusha Rahman while chairing a multi-stakeholder meeting with Mr. Michael Evans, president of AliBaba group, laid out the initiatives and policy measures being undertaken by the Government for enabling a broad based digital ecosystem in the country.

The focus on achieving full value chain digitization of the economy have reaped immense dividends and the situation is ripe to exploit potential of the digital infrastructure for enabling e-commerce and digital payments across the Business to Business (B2B) and retail markets.

Alibaba, a Chinese e-commerce giant has one of the biggest market shares in the world in consumer-to-consumer, business-to-consumer and business-to-business sales services via E-commerce web portals. A high level delegation of Ali Baba Group is on a two day visit to Pakistan to discuss and explore investment opportunities in the E-commerce space in the country. Delegation is led by Mr. Michael Evans, President Alibaba Group.

Ad Powered By Advergic
Loading ad . . .
Ad - Continue scrolling to read

Detailed presentations were delivered by the MoIT, Karandaz and NADRA on various segments.

Mr. Michael Evans, president of Alibaba group during the meeting appreciated the Minister of IT and her team for tremendous achievements in ICT Sector.

He said that Ministry of IT has expressed impressive commitment, dedication and focus in all digital development initiatives.

“Our Group is aggressively pursuing diligence process for setting-up their E-Commerce and digital payments services in Pakistan and to tap in to this high potential market”, said the president of Alibaba Group.

AliBaba Group expressed confidence in ICT Policy and infrastructure for E-Commerce market and Digital Payments in Pakistan.

The Minister of State for IT appreciated the efforts of Alibaba Group for continuing the engagement and due diligence for establishing their E-Commerce presence in Pakistan.

The meeting was also attended by the Secretary (IT & Telecom), Additional Secretary (Finance), Joint Secretary (Implementation – PM Office), Chairman PTA, CEO Mobilink, CEO Karandaz, Member (IT), Member (Telecom), Member (Legal), Member (HRD) of MoIT&T and Heads of Mobiles companies, representative of Ministry of Commerce, State Bank of Pakistan and other senior officers of public and private sector entities.

Stay Connected with ProPakistani

Get the latest news, tech updates, telecom insights, and business stories wherever you prefer.

Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.

Share
Published by
Amin Yusufzai