This report … Online banking, e-ticketing for air travelling, share trading in stock exchange are few examples of e-commerce of modern advancement. The term e-trading (or electronic trading) covers a series of systems ranging from simple order transmission service to full-fledged trade execution. Pakistan Railway, in its first two months, reported a revenue of Rs. When the government started an information technology and e-commerce initiative in early 2000, the banks were expected to lead the way into e-commerce. Top 5 E-Commerce Websites, by Total Website Visits, in millions, incl. The world of e-commerce has recently emerged and progressed at an astonishing speed in Pakistan with many new and existing organisations, businesses, and customers. Customers have the ability to purchase a wide range of products and services from various industries. Ecommerce Pvt (LTD). An investor with a minimum amount of Pakistani Rupees 25,000/ to 1,00,000/ (or equivalent) can open an account with broker and do stock trade online. Rank Among All Websites in Pakistan, Pakistan’s Share of Website Visits on Desktop, in … Besides its other innovations E-trading is extending opportunities in the overall retail segment irrespective of business size, not only retailers are entering into market for sell of products by applying different web’s portals, telecast sell through different TV channel has also been added by medium or large firms for direct sell to consumer in addition to their web stores, To maintain the progress of active online customers, Pakistan’s pioneer e-commerce portal hosts more than 1.2 million distinctive visitors on its website every month and presents a selection of over 400 products and 16,000 merchandise. There Were 1.8 Billion Global Digital Buyers in 2018 (Statista) As of writing, there … Pakistan's e-trading mainly involves buying and selling goods and services using internet or telephone, through the use of electronic means such as computer, fax machine, cellular phone, automated teller machines (ATM) and other electronic appliances with or without using inter-net. The list is not difficult to jot down. However, in the general sense e-commerce is simply referred to online transactions. Your email address will not be published. sale, purchase, transfer, or exchange of products, services and/or information, that are conducted using the electronic means and technologies. In his speech Dr Muh… The size of Pakistan’s e-commerce market – one of the most important drivers of our digital side – is expected to grow up to $1 billion by the year 2020 which falls between $70-150 million. Sohail Yousuf is a content writer at SPF. 2018). Ecommerce Statistics. It proves that Pakistan is not the only country where pandemic hardships turned boon. The pandemic adversities are a godsend for the e-commerce market in Pakistan. We have to dismiss players like FoodPanda, Careem, and Uber because their payments are not processed in Pakistan. [5], There is a lot of scope of E-commerce in Pakistan, and most companies(of all categories) are moving to the digital world, The study found that 84% of the organizations have an internet account. Pakistan Mobile, Broadband Market, and Digital Media, Stats and Analyses This report looks at the development of the internet, including broadband, in Pakistan and provides some relevant statistics for the local market; there is also some information on the e-commerce … In the recent past, a number of different online grocery stores have started in Pakistan by conducting sell of domestic consumer items like rice, lentils, daals, oils, fruit, and vegetables, including household and personal items e.g. Asad Ali Shah, former provincial minister, speaking as a chief guest at a Student Seminar organized by Department of Computer Science of Sindh Madressatul Islam Universityon “Future of E-Commerce in Pakistan” stated that E-governance is essential for effective governance and administration, and in Pakistan besides e-commerce, m-commerce means business through mobile technology is also growing rapidly, that is giving boost to our economic and commercial activities in Pakistan. Online trading can be availed by resident and non-resident investors, subject to meeting criteria prescribed by the regulatory authority.[15]. Ecommerce Progression in Pakistan; Stats, Problems & Solutions. [13], All companies engaged in stock trading with or without on line trading platform are required to observe the Securities and Exchange Commission of Pakistan as the financial regulatory agency in Pakistan for their business. 30-40% surge the demands of products. (ii) shortage of power (huge gap between demand and supply of electricity due to insufficient production), This page was last edited on 8 July 2020, at 12:24. This report covers the B2C E-Commerce market in Pakistan. Sometimes the terms e-commerce and e-business are used interchangeably but they are distinct concepts involving three and four integrations respectively. The E-commerce trends would really help all the Cross border E-Commerce industry people do business globally surviving the Global E-commerce Competition. 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