AliBaba, Ant Financial and TDAP sign a MoU to foster e-commerce growth across Pakistan

MG News | May 16, 2017 at 01:04 PM GMT+05:00

0:00

The Chinese e-commerce giant has decided to start operations in Pakistan by facilitating exports for Pakistan’s SME’s by providing them access to the platform. The decision has been taken after a MoU was signed between AliBaba, TDA Pakistan and Ant Financial.

The MoU aims to increase growth in financial services in Pakistan in areas such as online and mobile payment services. The participating members of the MoU have also agreed to adopt cloud computing services to support the online and mobile e-commerce businesses in Pakistan.

The development took place after Prime Minister Nawaz Sharif’s visit to company headquarters. Under the agreement AliBaba, Ant Financial and TDAP vowed to grow worldwide exports of Small and medium enterprises in Pakistan through e-commerce.

Online and offline training sessions will be conducted by AliBaba to help facilitate the SME’s to increase e-commerce business. TDAP will help assist finding suitable e-commerce candidates whereas AliBaba will assist in providing industry analysis to help identify potential businesses.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,281.77 321.60M	-0.93% -1521.39
ALLSHR	97,970.36 897.81M	-0.89% -882.05
KSE30	48,994.96 132.16M	-1.02% -502.39
KMI30	231,448.14 91.20M	-1.31% -3070.88
KMIALLSHR	63,889.05 388.38M	-0.96% -621.10
BKTi	45,037.73 48.43M	-1.45% -662.00
OGTi	31,025.58 8.22M	-1.53% -480.71

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	104,225.00	107,770.00 103,920.00	-2845.00 -2.66%
BRENT CRUDE	64.03	64.80 63.82	-0.86 -1.33%
RICHARDS BAY COAL MONTHLY	86.80	86.80 86.50	1.10 1.28%
ROTTERDAM COAL MONTHLY	97.10	97.45 97.10	0.85 0.88%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.14	61.03 59.94	-0.91 -1.49%
SUGAR #11 WORLD	14.42	14.72 14.41	-0.23 -1.57%