Large sellers are the key for e-comm
Online sales | Large sellers expand the scope of consumer choice - istock×
They source an array of goods from MSMEs. The notion that they hinder small sellers is misplaced
The National E-Commerce Policy has been in the works for the past few years. The policy presents a tremendous opportunity to boost small and medium businesses, facilitate their migration to online channels, and help them expand their reach. A recent study by Nasscom shows that offline and online collaborations will be the mainstay of retail in the next decade. This collaboration is projected to add $640 billion to the retail market by 2030. A progressive policy can help create the right kind of environment to support this kind of growth. Since selling online comes with a unique set of challenges, the e-commerce policy should lay the groundwork for ease of doing business and offsetting costs associated with online sales.
Pakistan’s e-commerce market size posted a growth of over 35 per cent in the first quarter of the fiscal year 2021 to Rs96 billion. CBC/File
ISLAMABAD: Pakistan’s e-commerce market size posted a growth of over 35 per cent in the first quarter of the fiscal year 2021 to Rs96 billion compared to Rs71bn over the corresponding period of last year, the Ministry of Commerce said on Thursday.
The data was shared in the fourth meeting of National e-Commerce Council (NeCC) chaired by Commerce Adviser Razak Dawood and attended by representatives of the public and private sectors. The meeting was informed that e-Commerce merchants with prepayment have been increased to 2,164 from 1,410 in the past 12 months.