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E-commerce in Pakistan was first started in 2001. With the ban of PayPal services in Pakistan, eCommerce business companies and merchants had to rely on cash on delivery, and bank payment methods. There was no dedicated online payment service operating in Pakistan, which was also not favorable for online buyers in Pakistan.
Pakistan is the world's fifth most populous country. [431] Between 1951 and 2017, Pakistan's population expanded over sixfold, going from 33.7 million to 207.7 million. The country has a relatively high, although declining, growth rate supported by high birth rates and low death rates.
Information technology in Pakistan is a growing industry that has the potential to expand more in the future. Matters relating to the IT industry are overseen by the Ministry of Information Technology of the Government of Pakistan. [1] [2] [3] The IT industry is regarded as a successful sector of Pakistan economically, even during financial ...
e. Electronic business (also known as online business or e-business) is any kind of business or commercial transaction that includes sharing information across the internet. Commerce constitutes the exchange of products and services between businesses, groups, and individuals and can be seen as one of the essential activities of any business.
The Pakistan Single Window ( PSW) stands as a prominent undertaking spearheaded by Pakistan Customs. Its overarching objective is to diminish the time and expenses associated with conducting business by transitioning Pakistan's cross-border trade into a digital realm, thereby eliminating the need for paper-based manual procedures.
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
Parent. Rocket Internet, Africa Internet Group, Asia Pacific Internet Group. Launched. 2013. Kaymu is an online marketplace founded in 2013, providing localized C2C and B2C products in Africa, [1] Europe and Asia. [2] The platform lets buyers and sellers meet to make deals on new and used fashion items, mobile phones, jewelry, and home appliances .
Pakistan's industrial sector (in FY21) accounts for 28.11% of the GDP. Of this, manufacturing makes up 12.52%, mining constitutes 2.18%, construction makes up 2.05%, and electricity and gas 1.36%. The majority of industry is made up of textile units, with textiles contributing $15.4b to exports, making up 56% of total exports.
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