Commerce Minister proposes 5-year e-commerce roadmap ahead of budget

May 29, 2024 (MLN): Emphasizing the need for a new cross-sectoral policy, Federal Minister for Commerce Jam Kamal Khan proposed the formulation of a five-year roadmap and action plans to be presented to the Prime Minister and Foreign Minister before the budget session.

To achieve this, he directed the formation of two to three working groups with clear Terms of Reference (TORs), including a group focused on payment systems.

He presented this while presiding over the 9th National eCommerce Council (NeCC) meeting on Tuesday, underscoring the importance of digital trade and eCommerce for Pakistan's economic future.

The meeting, held in Ministry of Commerce, brought together key public and private sector stakeholders to discuss the growth and challenges of eCommerce in the country.

Minister Jam Kamal Khan expressed his appreciation for the council's efforts in promoting the eCommerce sector.

Secretary Commerce Muhammad Sualeh Ahmed Farooqui introduced the upcoming Export Readiness Program (ERP), aimed at training and counseling small businesses to expand their export markets.

The Minister endorsed this initiative, recognizing its potential to enhance Pakistan's export capabilities.

Earlier in the meeting Director General (Services) provided an overview, setting the stage for a series of presentations on various facets of the e-commerce landscape and highlighting opportunities and challenges for the growth of e-commerce and digital trade in Pakistan.

The focus was on leveraging technology to enhance market access and competitiveness.

Copyright Mettis Link News