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Tag Archives: E Commerce

Chinese e-commerce giant Alibaba acquires Daraz

Chinese e-commerce giant Alibaba acquires Daraz

China’s e-commerce giant, Alibaba Group, has entered the Pakistani retail market by fully acquiring Daraz, an online retail subsidiary of Germany-based Rocket Internet. The announcement was made through separate press statements released by both companies on Tuesday. “With the acquisition, Daraz will …Continue reading

IT-Specific Announcements in the Federal Budget

“In the future, the gap between industrialized and non-industrial economies will become less pronounced than the one between Information Technology-enabled economies and the rest,” said Finance Minister Ishaq Dar in his speech on the Federal Budget. The Federal Budget for 2017-2018 was …Continue reading

Pakistan Partners up with Alibaba for SMEs

Prime Minister Nawaz Sharif on Tuesday stressed the importance of e-commerce, saying it had the potential to revolutionize market access for Pakistanis enterprises. He was addressing a ceremony held to ink an agreement between the Government of Pakistan and Alibaba Group Holdings …Continue reading

Challenges to net payment solutions in Pakistan

Regulatory framework of financial sector disallows any intermediary to play a role between customers and sellers for payment solutions. By Jawwad Rizvi Strict rules and regulations are the basic hindrance to the development of Internet payment PayPal-type solutions in Pakistan, restricting the …Continue reading