Eng. Daroo Khan Achakzai President of the Federation of the Pakistan Chambers of Commerce and Industry (FPCCI) hailed the Prime Minister of Pakistan for devising first ever E-Commerce Policy and underlined the need of its implementation and facilitation to enhance competition and reduce transaction cost and facilitate the large companies as well as Small and Medium Enterprises (SMEs).
He added that E-Commerce trade in Pakistan is currently an unexplored sector in Pakistan due to lack of awareness amongst the masses, weak regulatory mechanism for protection, insurance liability, lack of payment facilities and dispute resolution mechanism etc.
While quoting the statistics, he stated that the Global E-Commerce retail sales has reached $2.9 trillion in 2018 followed by China US$ 600 billion and USA US$461 billion. India has also enhanced its trade of E-commerce to US$ 25 billion.