Chinese e-commerce giant Alibaba expresses interest in investing in Pakistan
Alibab delegation says it would like to benefit from growing e-Commerce market in Pakistan
People walk at the headquarters of Alibaba in Hangzhou, Zhejiang province, April 23, 2014. PHOTO: REUTERS
Chinese e-commerce giant Alibaba on Friday expressed interest in investing in Pakistan’s booming e-commerce sector.
Alibaba delegation led by Max Bittner called on Finance Minister Ishaq Dar in Islamabad.
While recognising efforts for the development of the e-commerce sector in the country, the members of the visiting delegation said they were happy to see great headway being made in the realm of digitisation [of economy] in Pakistan. The growing e-Commerce market in Pakistan presents opportunities for entrepreneurs and companies and the group would also like to benefit from it, the delegation added.
Alibaba testing Pakistan’s e-commerce market
Further, the delegation said they were impressed by the progress made by Pakistan in the field of IT, telecom and broadband penetration.
Welcoming the group’s interest to invest in the country, Dar said that the expanding e-commerce sector could further facilitate the incumbent government’s aim of inclusive economic growth, promoting socio-economic development and providing livelihood for the marginalised segments of society, including women.
Could Daraz be Jack Ma's next big purchase?
Referring to a meeting between Prime Minister Nawaz Sharif and Alibaba Chairman Jack Ma on the sidelines of World Economic Forum at Davos in January where Ma expressed his intention to establish an e-commerce platform in Pakistan and support small scale industries, the minister urged the Chinese e-commerce giant to invest in Pakistan’s digital trade industry.
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Alibaba delegation led by Max Bittner called on Finance Minister Ishaq Dar in Islamabad.
While recognising efforts for the development of the e-commerce sector in the country, the members of the visiting delegation said they were happy to see great headway being made in the realm of digitisation [of economy] in Pakistan. The growing e-Commerce market in Pakistan presents opportunities for entrepreneurs and companies and the group would also like to benefit from it, the delegation added.
Alibaba testing Pakistan’s e-commerce market
Further, the delegation said they were impressed by the progress made by Pakistan in the field of IT, telecom and broadband penetration.
Welcoming the group’s interest to invest in the country, Dar said that the expanding e-commerce sector could further facilitate the incumbent government’s aim of inclusive economic growth, promoting socio-economic development and providing livelihood for the marginalised segments of society, including women.
Could Daraz be Jack Ma's next big purchase?
Referring to a meeting between Prime Minister Nawaz Sharif and Alibaba Chairman Jack Ma on the sidelines of World Economic Forum at Davos in January where Ma expressed his intention to establish an e-commerce platform in Pakistan and support small scale industries, the minister urged the Chinese e-commerce giant to invest in Pakistan’s digital trade industry.
Have something to add to this story? Share it in the comments section below.