LAHORE: Pakistan Customs efforts to develop an e-commerce automated clearance facility in collaboration with the State Bank are commendable, said Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) on Monday adding the move will prove to be very effective for SMEs, helping them promote their business, especially in era of post-corona economic slowdown.
Speaking during an awareness programme, Central Chairman PRGMEA Sohail A. Sheikh and Chief Coordinator Ijaz Khokhar, briefed the members about e-commerce clearance facility developed recently by the Customs department of the Federal Board of Revenue.
Sohail Sheikh said that in post-pandemic age when e-commerce is transforming the entire trade globally government’s this facilitation is the right step in the right direction.
The government will also launch a digital market policy in this regard after consultation with the real stakeholders so that B2B and B2C business can be catered, he added.
Central Chairman PRGMEA said that estimated e-commerce sales value, which includes business-to-business (B2B) and business-to-consumer (B2C) sales, is equivalent to 30% of global gross domestic product. He said that the coronavirus crisis has accelerated the uptake of digital solutions, tools and services.
Quoting a World Bank report, he added that the Business-to-Consumer (B2C) transactions grew from $1.5 trillion in 2014 to $2.3 trillion in 2017 and now projected to grow to $4.88 trillion in 2021.
Sohail Sheikh observed that the value-added garment sector, which is also the major e-commerce operator, welcomes this initiative, expressing the hope that it will remove the difficulties faced by SME sector in exporting their goods, playing an effective role in improving country’s rating in the Ease of Doing Business Index.
Pakistan Customs efforts to develop an e-commerce automated clearance facility in collaboration with the State Bank are commendable, said Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) on Monday adding the move will prove to be very effective for SMEs, helping them promote their business, especially in era of post-corona economic slowdown.
Speaking during an awareness programme, Central Chairman PRGMEA Sohail A. Sheikh and Chief Coordinator Ijaz Khokhar, briefed the members about e-commerce clearance facility developed recently by the Customs department of the Federal Board of Revenue.
Sohail Sheikh said that in post-pandemic age when e-commerce is transforming the entire trade globally government’s this facilitation is the right step in the right direction.
The government will also launch a digital market policy in this regard after consultation with the real stakeholders so that B2B and B2C business can be catered, he added.
Central Chairman PRGMEA said that estimated e-commerce sales value, which includes business-to-business (B2B) and business-to-consumer (B2C) sales, is equivalent to 30% of global gross domestic product. He said that the coronavirus crisis has accelerated the uptake of digital solutions, tools and services.
Quoting a World Bank report, he added that the Business-to-Consumer (B2C) transactions grew from $1.5 trillion in 2014 to $2.3 trillion in 2017 and now projected to grow to $4.88 trillion in 2021.
Sohail Sheikh observed that the value-added garment sector, which is also the major e-commerce operator, welcomes this initiative, expressing the hope that it will remove the difficulties faced by SME sector in exporting their goods, playing an effective role in improving country’s rating in the Ease of Doing Business Index.
