Rawalpindi: Rawalpindi Chamber of Commerce & Industry (RCCI) President Saboor Malik on Tuesday stated that the e-commerce sector had the potential to boost Pakistan’s Gross Domestic Product (GDP) by USD 40 billion within the next two years, a news source reported. He added that the sector could also create around two million jobs in the country.
The RCCI President opined that Pakistan’s information, technology, and communications sectors should undergo transformation to reposition the country in the digital economy market. He added that digital platforms across the world had been growing rapidly, and Pakistan needed to make progress on this front. He cited that the country lacked the availability of digital platforms for e-payments – stating that over 66% of e-shopping payments were via cash on delivery (COD).
Referring to the statistic that developed economies account for 20% digital transactions of their total transactions, Malik said that the government should overhaul the banking infrastructure. He added that there was a need to encourage businesses, petrol pumps, retailers, Pakistan Railways, Pakistan International Airlines (PIA), schools and colleges, and superstores to introduce payment gateways. He opined that digitalisation would also have a significant impact on jobs transformation.