Rising Trend of Digital Payment in Pakistan’s Retail Landscape
Quarterly Payment Systems Report for the quarter Q1 of FY-2023-24 is released by the State Bank of Pakistan, highlighting key advancements within the country’s payment ecosystem and providing an inclusive overview of digital transactional activities.
Editor
Amazon hit by strikes, protests across Europe during Black Friday sale
AMAZON workers came out on strike at multiple locations across Europe on Friday (Nov 24) as protests against the US e-commerce giant’s working practices picked up pace on one of the busiest shopping days of the year.
SECP registers 2,477 new companies in September
Foreign investment has been reported in 82 new companies The Securities and Exchange Commission of Pakistan registered 2,477 new companies in September 2023, bringing the total number of companies in Pakistan to 202,892. The total capitalization (paid up capital) of newly incorporated companies stood at Rs. 1.59 billion, said a press release issued. Private limited…
Adil Aziz
Digital transactions sustained its growth during the fiscal year 2022-23
Annual Payment Systems Review for the fiscal year 2022-23 is released by the State Bank of Pakistan. The review presents growth and trends in banking transactions accompanied by the usage of payment systems’ infrastructure and instruments in the country. Digital transactions continued its growth trajectory owing to the increased consumers’ preference for digital channels of…
Indonesia bans e-commerce transactions on social media
INDONESIA has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday (Sep 27), citing a new regulation. The government says the move is aimed at protecting offline merchants and marketplaces in South-east Asia’s biggest economy, adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises. Trade Minister…
Daraz, Meezan Bank partner to drive electric bike
Meezan Bank, Pakistan’s leading Islamic bank, and Daraz, Pakistan’s largest e-commerce platform join hands to support and encourage the use of electric bikes in Pakistan. Both parties have signed a Memorandum of Understanding (MoU) in this regard and through this partnership, Meezan Bank will provide Shariah-compliant financing for electric bikes to Daraz delivery staff, riders…
Ufone 4G & JoChaho join forces to transform online shopping
Pakistani telecom operator, Ufone 4G has joined forces with JoChaho, a leading e-commerce mobile application, to revolutionize the online shopping experience for millions of customers across the country. The partnership is in line with Ufone 4G’s sustained commitment to enable customers and transform user journeys to the realm of digital technology and innovation. JoChaho is…
Commerce minister engages leading retailers to boost exports
Federal Minister for Commerce, Industries and Production, Dr. Gohar Ejaz engaged in productive dialogue with leading retailers to strengthen Pakistan’s retail sector to boost exports. The minister chaired a meeting with prominent retailers from across Pakistan to discuss strategies aimed at enhancing the retail market conditions and improving the nation’s exports, said a press release…
2023 CIFTIS: Pakistani companies attract large number of visitors
As 2023 marks the 10th anniversary of the Belt and Road Initiative (BRI) and China Pakistan Economic Corridor (CPEC), Pakistani Ambassador to China Moin ul Haque noted that the Government of Pakistan was stepping up to facilitate the exchanges and cooperation between both countries. This year, at the ongoing 2023 China International Fair for Trade…
SMEDA to organize webinar on Amazon Private Label for SMEs
Small Medium Enterprises Development Authority (SMEDA) is going to organize a webinar on “Amazon Private Label for SMES” for profitable business growth on August 19 (Saturday). SMEDA under National Business Development Programme (NBDP) for SMEs, is offering free online awareness sessions on various e-commerce verticals through pre-qualified services provider M/S Extreme Commerce across Pakistan The…