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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.
The Adviser to Prime Minister on Commerce chaired the 4th meeting of the National e-Commerce Council (NeCC) at the Ministry of Commerce (MOC) on Thursday.
Pakistan ranks 3rd in govt support for SMEs
Survey reveals many enterprises were facing cash flow, raw material shortage
LAHORE:
Pakistan ranks third in terms of support provided by the government to small and medium enterprises (SMEs) to mitigate the impact of Covid-19, revealed the Small and Medium Enterprises Development Authority (Smeda) on Tuesday.
According to a survey titled “Impact of Covid-19 on SMEs”, which was conducted online by Smeda, Asian Development Bank Institute (ADBI) and Asian Productivity Organisation (APO), a majority of the enterprises in Pakistan were facing cash flow (82%) and raw material (65%) shortage.
However, 11.44% of SMEs expect their sales revenue to increase as compared to 2019, while 12.29% of respondent enterprises expect their sales revenue to remain the same.