eBay is one of the largest online shopping stores. The CEO of eBay, Devin Weing; has recently said that Pakistan is a ‘HOT DESTINATION’ and he is hopeful that a good profit can be made in Pakistan through online shopping stores and greater and better services can be provided.

He also said that Pakistan is one of fastest growing e-commerce markets in the world.

Devin has been reported to have said,

“It’s the fastest growing markets we have around the world. Anywhere where wealth is growing and technology is being adopted, e-commerce is being adopted like crazy.”

When he went live on Facebook, a question was raised about Pakistan’s prospects in online shopping space and about the newly introduced markets. To it he made the response declaring Pakistan as ‘Hot Destination’.

Pakistan no doubt is moving towards a better stage but there are still many products in international market that are not available for the people of Pakistan. This makes Pakistan a really suitable country to  introduce such online stores that provide products that are not available on shops. With the increasing hunger for new products Pakistan can benefit many investors. This is the reason the Mr. Devin made a prediction about the wealth expected to be generated in Pakistan through online shopping stores.

He was of the view that, “The success of online shopping in Pakistan is poised to change all that.”

Here it is important ti share that the interest in online shopping is increases and causing an increase in mobile adoption rates. The increase is estimated to have been in 3G and 4G users amongst Pakistanis. The rate was about 36 million and still continues.

This makes Pakistan a suitable and beneficial place for big international stores like Amazon, PayPal, eBay and many more to sow the seeds.

AliExpress is being used continuously and the recent Black Friday sales were great success. Big stores like Daraz made huge profits. Daraz claims to have made Rs. 1 Billion during the sale.

Another question was asked that if Pakistan is such a beneficial country than why is eBay not in Pakistan?

To this he answered, “Even though eBay did not have a version geared for buyers/sellers from Pakistan, the service was still extensively being used by Pakistanis on various eBay sites.”

At the end he made hinted that eBay is to launch in Pakistan sooner or later.

He said,

“We absolutely encourage you to shop, and we will get our goods and services in Pakistan for sure. Go and use eBay in Pakistan.”

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Ann Lavin who is the Google Director of  Southeast Asia and Finance Minister of Pakistan Ishaq Dar met and at the meeting Ann Lavin suggested some ways in which Google could help to promote eCommerce Pakistan.

The two met in Islamabad on Thursday an Lavin had all the praise for Pakistan for its economic progress in the past years. She said that her company was willing to promote digitization of economy and IT development in Pakistan.

She also assured that Google is really willing to promote e-commerce in Pakistan and wants to make good investments for development.

Defence Minister Ishaq Dar also said on the occasion,

“The Government of Pakistan works on providing a level playing field to all the potential local and foreign investors.”

He also requested Ann Lavin to put forward all the plans and proposals so that they can be reviewed and the work could be started soon.

On the event Ishaq Dar also mentioned that Pakistan has a potential economy.

He said,

” Pakistan has been projected by many foreign institutions as the second best place for investment in the world. With Pakistan’s improved energy and security situation, macroeconomic stability and conducive environment for investment many new investors have also shown a keen interest to invest in IT sector of Pakistan.”

The event was graced by Google Representatives and also the Finance officials from Pakistan.

Google already is working in collaboration with Pakistan. The projects like Nest I/O, Startup Summit 2016 and many more were financed by Google.

Source: Express Tribune

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