Govt to invite Amazon, eBay, PayPal to start operations in Pakistan

Minister of IT and Telecommunication says SBP is working with partners to open up an e-payment gateway in Pakistan


Web Desk November 25, 2015

Pakistan is going to invite global tech companies including Amazon, eBay and PayPal to start their operations in Pakistan, Minister of IT and Telecommunication Anusha Rehman said at a conference on Tuesday.

The minister said that Pakistan is now listed in anti-money laundering body Financial Action Task Force’s (FATF) white-list. This means that Pakistan has agreed to FATF’s anti-money laundering and counter-terror financial standards. Pakistan was previously listed FATF’s grey-list, which discouraged technology companies from coming to Pakistan.

E-transactions: IT ministry reviews e-payment gateway

Rehman also informed that State Bank of Pakistan (SBP) was working with partners to open up an e-payment gateway in Pakistan.

“The IT ministry will continue supporting and facilitating e-commerce and e-payment gateway in Pakistan,” Rahman had said on Monday while chairing a meeting of the Inter-Ministerial Committee for establishing the e-payment gateway in Pakistan. “For successful establishment of an e-commerce gateway, a comprehensive e-commerce policy, comprising guidelines, rules and regulations along with dispute resolution and remedial mechanism for consumers, is a must.”

Focus: Need to market IT industry: Rahman

Ministry of Commerce is leading the work on the regulatory framework for the e-commerce industry, while Minister of State for Information Technology and State Bank of Pakistan were assisting in the formulation of protocols, Rehman said, adding that this framework will be formulated over the next few weeks.

This story originally appeared on technology website ProPakistani.

COMMENTS (44)

Nuzzo | 7 years ago | Reply Not entirely sure it will happen, but it is always good to hope it does. I still sell on the platforms using a USA account made by Auction Essistance, but I would much rather have the services here locally in Pakistan.
hi | 8 years ago | Reply thanks for post the wonderful...
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