E-commerce in Pakistan has the potential to create two million jobs and it can boost the country’s Gross Domestic Product (GDP) up to the level of $40 billion in the next couple of years.
President of Rawalpindi Chamber of Commerce and Industry (RCCI) Saboor Malik, stated that transformation is required in the Information, Communications, and Technology sectors to uplift the digital economy of Pakistan.
Saboor Malik has urged the government of Pakistan to adopt new dimensions of the economy as the digital platforms have been rapidly growing around the world and countries like Pakistan are still far behind in this race.
More than 66 per cent of payments for e-shopping are being made as Cash on Delivery (COD) which does not reflect the true sense of digital platform.
The Federal cabinet has already approved the E-commerce policy for promoting the digital culture and paperless trade to help enhance the trade volume.
RCCI President remarked that Pakistan has huge participation in the global mobile market, with over 160 million mobile phone subscribers and around 150 million internet users.
He suggested that the government must overhaul the whole banking infrastructure and encourage businesses, retailers, petrol pumps, PIA, Railways ticketing, superstores, schools and colleges to introduce payment gateways and banks should offer credit cards to businessmen.