The government is working on a suitable arrangement to engage a foreign payment provider company willing to establish Pakistan’s own international payment gateway and which will be pre-integrated with Paypal, Visa card, Master Card and Alipay.
The government revealed this during a meeting. The meeting was chaired by the Advisor to Prime Minister on Commerce, Textile, Industry and Production & Investment. E-Commerce Policy implementation was discussed. The key stakeholders will be from the public and the private sector.
In the meeting different problems were focused that are being faced by the private sector engaged with e-Commerce.
Senior officers from the National Information Technology Board (NITB) Federal Board of Revenue (FBR) State Bank of Pakistan (SBP) Pakistan Software Houses Association (P@SHA) Habib Bank Limited (HBL) and leading e-Commerce Platforms from the private sector were attended the meeting.
The Adviser expressed that the private sector can be given credit as the growth engine in every economy and the present government is committed to facilitating this sector by removing all the blockages being faced by it.
He added that the aim of this policy is to generate more employment opportunities, empower youth and SMEs with a focus on female entrepreneurs by connecting them to global e-Commerce platforms and ultimately enhancing the exports of the country.
Four main issues discussed during the meeting included; progress on establishment of international payment gateway in Pakistan, ease of doing business with reference to e-Commerce sector, taxation on e-Commerce and rescheduling of the date of the launch of e-Commerce Policy from 23rd December 2019 to the third week of January 2020.
CEO NITB said that his team is working on an appropriate arrangement to engage a foreign country to develop an international payment gateway of Pakistan.
