Excellent potential of E-Commerce with huge opportunity for small investors present in Pakistan: Mian Zahid Hussain.

President Pakistan Businessmen and intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said that e-commerce is being promoted in Pakistan, given to increased use of internet, smart phone and broadband. The state bank's report disclosed that the e-commerce stood at Rs. 21 billion in 2017 which has increased by 94 percent to Rs. 40 billion in 2018, economically very encouraging and appreciative. It is pertinent to state that the amount did not include the e-commerce transactions carried through cash on delivery mode.

The veteran business leader while talking to the business community said that currently the retail business has been benefited through e-commerce but keeping the inclined trend of online business in mind, it is expected that the business-to-business online activities will be promoted accordingly. The e-commerce is further expected to grow by 25 percent in the coming years of 2019 and 2020 respectively.

The former minister said that unlike to traditional business, the e-commerce provides a unique platform that widely benefits customers at their doorstep with several attractions including saving of time, fuel and travelling cost. On the other hand, the business can easily communicate to customers online in addition to save the utilities and various expenses unavoidable in traditional setup, saves the cost of doing business.

Mian Zahid Hussain said...