According to the State Bank, there are 571 e-commerce merchants in Pakistan. Other large merchants include ticketing platforms such as Pakistan Railway and PIA, amongst others. Now e-commerce is getting its roots in the society, but there are also some obstacles in its way, that must be removed, he added. [5], There is a lot of scope of E-commerce in Pakistan, and most companies(of all categories) are moving to the digital world, The study found that 84% of the organizations have an internet account. Online banking, e-ticketing for air travelling, share trading in stock exchange are few examples of e-commerce of modern advancement. A sharp decline in the e-commerce transactions also witnessed in the 3rd Quarter of FY2020 as the government lifts the lockdowns and people started accessing the markets themselves. When the government started an information technology and e-commerce initiative in early 2000, the banks were expected to lead the way into e-commerce. [1] With its potential, e-trading can reduce the cost per transaction, increase efficiency, support contest, lower prices and boost international demand. E-commerce Future focused on Amazon dropshipping skills because Amazon dropshipping capital cost is very low as compared to #FBA & #PL and profit margin also very good and the success rate is also very high about 90%.Amazon dropshipping skill also can be used in freelancing because there is a lot of work in #Freelauncing related to #Amazon. According to the Pakistan Telecommunication Authority (PTA), there are 162 million mobile and 71 million 3G/4G subscribers in Pakistan. The Seattle-based e-commerce giant that offers e-retail, computing services, consumer electronics, and digital content registered over 5.2 billion unique visitors in June 2020. Required fields are marked *. Electronic Commerce or E-Commerce is already causing fundamental changes to the traditional economic market place, affecting every aspect of how business is, and will be conducted. With the ban of PayPal services in Pakistan, eCommerce business companies and merchants had to rely on cash on delivery, and bank payment methods. The size of Pakistan’s e-commerce market – one of the most important drivers of our digital side – is expected to grow up to $1 billion by the year 2020 which falls between $70-150 million. Typically, the e-commerce merchants that come to mind are players such as Daraz.pk and Yayvo.com. E-commerce Internet access In 2018, Pakistan had a population of 200.81 million people, out of which 44.61 million were Internet users, making the penetration rate 22.2%, according to Internet World Stats.Internet penetration is still very limited in Pakistan … Today a number of small and medium scale online stores are conducting business across Pakistan with the delivery of purchased items at doorstep of their consumers. [11], Many other sites have been established with the aim of fashion-oriented exports. E-commerce Internet access In 2018, Pakistan had a population of 200.81 million people, out of which 44.61 million were Internet users, making the penetration rate 22.2%, according to Internet World Stats. A broad definition of retail E-Commerce used by some original sources cited in this report might include both B2C and C2C E-Commerce. In the recent past, a number of different online grocery stores have started in Pakistan by conducting sell of domestic consumer items like rice, lentils, daals, oils, fruit, and vegetables, including household and personal items e.g. There is still a huge potential that is unexplored in the Pakistan e-commerce market. e-trade is location neutral and is scale able that mainly provides electronic order executed from users to the system owned by the seller or manufacturer. Google was asked 100 million times a month na na na na …, UBL became a member of Two Trillion Club after Habib and National Bank. Online share trading in Pakistan is available in 3 stock markets Karachi Stock Exchange (KSE), Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE). According to statista.com, retail e-commerce sales worldwide amounted to US$3.53 trillion in the year 2019. sale, purchase, transfer, or exchange of products, services and/or information, that are conducted using the electronic means and technologies. The pandemic adversities are a godsend for the e-commerce market in Pakistan. 2018). The E-Commerce industry has a predominant contribution to Pakistan’s GDP with a worldwide growth rate of 13%, and it is escalating with a phenomenal strategy of making lives easy. E-business is more difficult as compared to e-commerce. (i) low literacy rate in the society, as most parts of the country particularly rural areas are lacking education. [10] Web or phone based sell/purchase of grocery covers a vast area with good volume and variety. Recently, a friend took me to visit young entrepreneur Mr Javed’s Urban … With the introduction of the World Wide Web, almost all transactions can be carried out using a computer or mobile phone through proprietary software. In his speech Dr Muhammad Ali Shaikh, Vice Chancellor of Sindh Madressatul Islam said that e-commerce is a future of the country. Though there is a vast scope for e-commerce in Pakistan, it remains untapped. In the financial services area, it can make easy and speedy transactions and transfer of money at a minimum risk. In this article, we’re going to take a look at the most important ecommerce statistics for 2020 – from mobile commerce stats, consumer behaviour, social media and shopping cart abandonment to the ecommerce market share. The list is not difficult to jot down. Online trading can be availed by resident and non-resident investors, subject to meeting criteria prescribed by the regulatory authority.[15]. The world of e-commerce has recently emerged and progressed at an astonishing speed in Pakistan with many new and existing organisations, businesses, and customers. [12], Shares trading in stock exchange can provide reward and investment in stocks may increase in value besides paying dividends to its investor. In 2017, e-commerce sales were Rs20.7bn, and surged by 93.7 percent to Rs40.1bn in 2018. [25][26], Learn how and when to remove this template message, Securities and Exchange Commission of Pakistan, "SMIU organizes seminar on future of E-Commerce in Pakistan", "E-commerce expected to grow at a rapid pace", "Online grocery shopping on the rise in Pakistan", "Pakistani E-Commerce Ventures Look Global", "SECP's Internet Trading Guidelines March 2005 online", "4.1 to 4.6 of Vol-I (Pages 8-9) and Investor Guide ALL YOU NEED TO KNOW (Vol: II) 3.1 t0 3.4 Page-5", "LSE launches online trading competition", "SECP introduces online payment facility through credit cards", "SBP reports robust growth in e-banking for FY14", "e-banking transactions at Rs8.8trn in Oct-Dec", "Karachi police: Online FIR registration launched", https://en.wikipedia.org/w/index.php?title=E-commerce_in_Pakistan&oldid=966664059, Wikipedia articles with style issues from July 2015, Articles with unsourced statements from September 2016, Creative Commons Attribution-ShareAlike License. However, the need was fulfilled to an extent with the launch of mobile payment systems in Pakistan. Title Page Executive Summary Introduction Body: … We have to dismiss players like FoodPanda, Careem, and Uber because their payments are not processed in Pakistan. The stats revealed by the State Bank of Pakistan that COVID-19 hampered the e-commerce growth in Pakistan. The total revenue of e-commerce transactions due to the Government stringent lockdowns imposed in FY 2020 is around PKR 34.8 billion. Customers still have a fear of scam and this volatile online transaction system is not 100% safe due to the ongoing malware and ransom threats by unseen hackers. Please consider supporting us by disabling your ad blocker, COVID-19 a godsend for E-commerce Market in Pakistan. The year-on-year growth was recorded at 78.9% in the year 2020, which was 92% in the year 2019. E-commerce Market Stats. Strength to sustain this risk with careful planning results in reward and shareholders can receive the prospective return on their investment as much higher than that on other investments. The interesting feature of online trading is that an investor simply sitting in his office or home can buy or sell through the Internet via mobile/tablet or PC and before being an experienced trader he may learn a lot by watching market screens or web portals at his convenience. Since we have not established a ballpark number depicting the size of the e-commerce industry in Pakistan, we rely on the sales statistics to get a better understanding of the total quantum. but now in pandemic it is reported that e-commerce in Pakistan increasing by 10% in daily record, and 15% raise in internet users. View E-Commerce Industry in Pakistan (Roadmap).docx from ECONOMICS 50034 at Institute of Business Administration, Karachi (Main Campus). He is a Master's in International Relations and loves to write. [21] The quarterly report of October–December 2014 also recorded 112.3 million of e-banking transactions with reported amount of Rs.8.8 trillion. During the 1st quarter, the e-commerce revenues were Rupees 8.1 billion, 2nd Quarter, which is the highest, Rupees 10.2 billion, 3rd Quarter was Rupees 7.1 billion and 4th Quarter is sharply increased by 2.4% which is Rupees 9.4 billion, whereas the registered number of merchants associated with the commercial bank also increased by 30% in FY2020. Growing Trend of E-Commerce in Pakistan December 1, 2020 by admin In specialty-coffee-green-coffee-beans Tags: china ecommerce The rate of internet penetration by the Pakistani community has remarkably exceeded in comparison to the neighboring countries like India and China in recent years. In October 2009, Telenor launched "Easypaisa" Mobile Account Service through which users could pay bills, transfer money domestically, internationally and even can save money in their Easy Paisa Mobile Account. understands need of E-Commerce industry and always provides best services related to this to our customers. is carried out through automated trade execution. According to the Karachi Chamber of Commerce and Industry, with a population of 208 million the Pakistan e-commerce industry was estimated at Rupees 99 billion in 2018, with a Year-on-Year 92% growth. Pakistan’s e-commerce market has witnessed phenomenal growth recently. Pakistan is among those countries where a swift growth in e-commerce industry has been witnessed. The term e-trading (or electronic trading) covers a series of systems ranging from simple order transmission service to full-fledged trade execution. [citation needed], Asad Ali Shah, former provincial minister, speaking as a chief guest at a Student Seminar organized by Department of Computer Science of Sindh Madressatul Islam University on “Future of E-Commerce in Pakistan” stated that E-governance is essential for effective governance and administration, and in Pakistan besides e-commerce, m-commerce means business through mobile technology is also growing rapidly, that is giving boost to our economic and commercial activities in Pakistan. In addition, an article … Besides its other innovations E-trading is extending opportunities in the overall retail segment irrespective of business size, not only retailers are entering into market for sell of products by applying different web’s portals, telecast sell through different TV channel has also been added by medium or large firms for direct sell to consumer in addition to their web stores, To maintain the progress of active online customers, Pakistan’s pioneer e-commerce portal hosts more than 1.2 million distinctive visitors on its website every month and presents a selection of over 400 products and 16,000 merchandise. [23] The FIR registration for recording citizens’ grievances through the internet without visiting police stations is an exemplary initiative for other mega cities of sub-continent. description of offer, quality, cost, guarantee, validity, discounts, quantity etc. [13], All companies engaged in stock trading with or without on line trading platform are required to observe the Securities and Exchange Commission of Pakistan as the financial regulatory agency in Pakistan for their business. So this is what we do to improve our unit economics and stats. E-commerce statistics confirm the explosive pace at which this industry has developed as worldwide B2C e-commerce sales amounted to more than 1.2 trillion US dollars in 2013. It proves that Pakistan is not the only country where pandemic hardships turned boon. Experts predict that retail ecommerce sales will reach $4.13 trillion in 2020. The shift from physical to online wholesale and retail e-commerce plays a vital role in the e-commerce growth in Pakistan. Cheetay.pk is also launching in Peshawar and Faisalabad next month. Also Read: Google was asked 100 million times a month na na na na …. But if the company does poorly, the share price falls down and the value of an investment will be reduced. Pakistan Mobile, Broadband Market, and Digital Media, Stats and Analyses This report looks at the development of the internet, including broadband, in Pakistan and provides some relevant statistics for the local market; there is also some information on the e-commerce … In his speech Dr Muh… Growing Trend of E-Commerce in Pakistan December 1, 2020 by admin In specialty-coffee-green-coffee-beans Tags: china ecommerce The rate of internet penetration by the Pakistani … There was no dedicated online payment service operating in Pakistan, which was also not favorable for online buyers in Pakistan. Demographics 1. Also users of internet and mobile banking hit 18.62 million in the period under reference [22], The Karachi Police of Sindh capital with its plan to facilitate the citizens of Karachi to register online complaints that can be converted into First Information Reports (FIR) is another step towards online applications for the benefits of Pakistani people. It can open new areas for business in the service sector like on-line education, medical services, consultancy, and data exchange. Therefore, trading in the shares market is regarded as an investment in “risk capital”. Top 5 E-Commerce Websites, by Total Website Visits, in millions, incl. Your email address will not be published. To encourage the general public towards investment in stocks by availing online facilities, Government of Pakistan has taken some initiatives to have maximum domestic as well as foreign investment in Pakistan’s shares market. The number of Debit/Credit card transactions is also increased by 88% followed by 10.2 million transaction volume in the e-commerce transactions in FY2020. Listed below are some steps taken in this behalf: The rise of e-payment products like e-wallets, m-wallets, multi-purpose cards and smart applications evolved by new technologies like Near Field Communications (NFC) cards and non-bank players like Payment System Operators (PSOs) and Payment System Providers (PSPs) are incoming to the marketplace for joint manufactured goods or service modernization. The E-commerce trends would really help all the Cross border E-Commerce industry people do business globally surviving the Global E-commerce Competition. Among other issues, the performance of shares market, economic environment, and political stability are all responsible for an increase or decrease in the value of investments. Electronically distribution of offer with provision of transaction details i.e. [14] E-commerce is likely to develop at a fast rate if the challenge for customer satisfaction and operational efficiency is ensured at marginal level. The strict lockdown is packed as a godsend for e-commerce growth. https://goo.gl/3pc1E2 ReferDiscounts on January 10th, 2018 - 12:53pm This report is to be submitted after the hard endeavours and research [8] Online trade[9] or e-trade is one of the fastest emerging electronic commerce markets globally, Pakistan is enjoying the drive of e-commerce through its youth, rapidly growth proves their competency over latest approach and strategy. Estimates have it that revenue of Pakistan’s e-commerce sector will rise up to $1 billion by 2020. Sometimes the terms e-commerce and e-business are used interchangeably but they are distinct concepts involving three and four integrations respectively. An investor with a minimum amount of Pakistani Rupees 25,000/ to 1,00,000/ (or equivalent) can open an account with broker and do stock trade online. The world of e-commerce has recently emerged and progressed at an astonishing speed in Pakistan with many new and existing organisations, businesses, and customers. [20], Per quarterly reports, 61.7 million transactions through ATMs with an increase of 10.2% in ATMS uses have been witnessed during 2013. View E-Commerce Industry in Pakistan (Roadmap).docx from ECONOMICS 50034 at Institute of Business Administration, Karachi (Main Campus). Top 5 E-Commerce Websites, by Total Website Visits, in millions, incl. Title Page Executive Summary Introduction Body: Landscape of shares of public or private limited companies over the Internet including sale purchase of commodities, currencies, and gold. Internet penetration is still very limited in Pakistan due to a lack of resources and infrastructure. 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