Pkrevenue.com

Category: IT & Telecom

Explore IT and Telecom stories with Pakistan Revenue, your go-to source for the latest updates on Pakistan’s technology and telecom sector. Stay ahead with real-time industry insights and economic developments.

  • PTCL registers eight-year high revenue growth

    PTCL registers eight-year high revenue growth

    ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL), posted seven per cent growth in its revenues for the year 2021, which is eight-year high or the highest revenue growth since 2013.

    The revenue growth may be attributed to a robust commercial strategy which cements its market standing.

    According to a statement issued on Friday, the company announced its annual financial results for the year 2021 at its Board of Directors’ meeting on February 10, 2022.

    READ MORE: PTCL Group wins GDEIB award in five categories

    PTCL Group

    PTCL Group posted a revenue of Rs 138 billion in the year 2021 which is 6.3% higher as compared to 2020.

    PTCL continued its growth trajectory by posting 7% YoY revenue growth which is the highest since 2013.

    PTML (Ufone) also posted a revenue growth of 4.3% despite stiff competition in the market.

    U Bank continued its growth momentum and has achieved 8.4% growth in revenue.

    PTCL Group has posted a net profit of Rs 2.6 billion.

    READ MORE: PTCL registers 7.3% revenue growth for nine months

    PTCL:

    PTCL continued its strong performance throughout 2021. PTCL’s revenue of Rs 77 billion for the year 2021 is 7% higher than 2020, mainly driven by Broadband and Corporate & Wholesale business segments.

    PTCL registered highest Fixed broadband Sales and Net Adds in 2021 since 2015, which allowed PTCL to grow in the broadband business segment.

    PTCL is the fastest growing Fiber-To-The-Home (FTTH) operator with highest Net adds within FTTH market in 2021.

    The company has posted operating profit of Rs 4.2 billion, which is higher by 21% compared to 2020.

    Net profit of Rs 6.9 billion is higher by 14% as compared to last year.

    The company is continuously upgrading its existing infrastructure and network, besides expanding FTTH across the country to offer seamless connectivity for greater customer experience. Prompt deployment of FTTH and strong performance in Corporate and Wholesale segments are the cornerstone in PTCL’s topline growth, which along with focus on cost optimization program, has significantly increased the company’s profitability.

    READ MORE: PTCL, Dell to launch Azure Services in Pakistan

    PTCL Consumer Business:

    During 2021, the company’s Fixed Broadband business grew by 11.7% YoY, whereas PTCL IPTV segment also grew by 13% YoY. Within broadband business, PTCL Flash Fiber, the company’s groundbreaking FTTH service, showed a tremendous growth of 61.5%, whereas PTCL CharJi /Wireless Broadband Segment grew by 16.5%. Voice revenue stream has declined on account of lower voice traffic and continued conversion of customers to Over-The-Top (OTT) services.

    Business Services:

    Business services segment continued its momentum sustaining market leadership in IP Bandwidth, Cloud, Data Center, and other ICT services segments. PTCL’s Enterprise business grew by 10% as compared to last year, while Carrier and Wholesale business continued its growth momentum and achieved 9% overall revenue growth. Similarly, international business growth was recorded at 4%.

    Being the national telecom carrier and connectivity backbone in Pakistan, PTCL Group strives to provide innovative solutions to accelerate growth for a ‘Digital Pakistan’ through robust telecommunication infrastructure and a diverse portfolio of services with enhanced customer experience.

    PTML – Ufone:

    READ MORE: Ufone signs Rs21 billion agreement for 4G spectrum

    Ufone’s financial year 2021 ended on a high note despite challenging operating environment

    Ufone revenues grew by 4.3% as compared to 2020 mainly driven by growth in data services

    Ufone acquired additional 9 MHz 4G spectrum in the 1800 MHz Band in NGMS spectrum auction in September 2021, fulfilling its commitment to provide enhanced customer experience through quality services across Pakistan.

    Post spectrum auction, significant network modernization activity was carried out in Q4 2021 that has allowed Ufone to significantly improve its share of the 4G net adds within the industry.

    PTCL Group is playing a key role in supporting Universal Service Fund’s (USF) efforts for the development of telecommunication services in un-served and under-served areas of the country. This year, PTCL was awarded seven USF optical fiber projects for far flung areas of Punjab, KPK and Sindh provinces. Under these projects, PTCL will deploy a total of 4,690 KM optical fiber. Ufone was awarded five USF projects under the Broadband for Sustainable Development (BSD) umbrella during 2021 for the unserved and under-served areas of Baluchistan which involve deployment and network upgrade of 205 BTS sites.

    UBank:

    UBank, the microfinance and branchless banking subsidiary of PTCL, continued its growth trajectory and has achieved 8.4% growth in its revenue over last year by increasing its advances portfolio. The balance sheet footing of the bank crossed the Rs 100 billion mark as the bank diversified its funding streams and asset classes while ensuring positive bottom-line impact.

    Major strategic initiatives undertaken by the bank include venturing into the low-cost housing loans, international remittance, and the launch of Islamic Banking. The bank intends to invest in state-of-the-art technology to become a leading digital banking player. With the core mission of microfinance at its heart, the business model of the bank is evolving to capture new segments and customer classes to include more of Pakistan into the banking net and further its ambition of financial and social inclusion.

    Corporate Social Responsibility (CSR):

    During 2021, PTCL ran the second cohort of its flagship internship program ‘Justuju’ for Persons with Disabilities (PWDs) in collaboration with ‘Network of Organizations Working with Persons with Disabilities, Pakistan’ (NOWPDP).

    PTCL provided internet connectivity to 11 campuses of the Pehli Kiran Schools Islamabad in an effort to support the Education Sector in Pakistan. PTCL Razakaar and the company’s employee volunteer force undertook a comprehensive clothes donation drive in partnership with Akhuwat Clothes Bank for deserving communities across Pakistan.

    Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC) recognized the PTCL Razakaar Trust for its generous donation towards augmenting COVID-19 testing facilities of the center during the peak of the pandemic in 2020.

  • Jazz recognized for driving change beyond workplace

    Jazz recognized for driving change beyond workplace

    KARACHI: To recognize the commitment in improving the lives and livelihood of women through technology, the Overseas Investors Chamber of Commerce and Industry (OICCI) awarded Jazz with the ‘Driving Change Beyond Workplace’ award at the Women Empowerment Awards 2021 held on Thursday.

    Abdul Aleem, Secretary General, OICCI presented the award to Wajida Leclerc, Chief People Officer, Jazz.

    READ MORE: OICCI organizes Women Empowerment Awards

    Jazz is dedicated to enhancing diversity and women’s empowerment within its business model and focuses on uplifting women in the society through the power of the internet.

    Female specific products and services are designed to help address many of the wider gender inequalities by digitally enabling them to access health, financial, and other life-enhancing services.

    READ MORE: Jazz Digital Park inaugurated in Islamabad

    The company’s digital financial service, JazzCash, under the GSMA Connected Women Commitment Initiative, has committed to increase the proportion of women in their mobile money customer base by 2023. In addition, all its sustainability programs ensure 50% women participation ranging from urban to rural areas so women can lead the change.

    “Inclusivity being at the heart of all our policies, we have always paved the way for gender equality within the organization as well as the society at large. This recognition further validates our holistic approach towards empowering women internally and externally and renews our vigor as we move forward in our journey of creating a digitally inclusive ecosystem in Pakistan,” said Wajida Leclerc, Chief People Officer, Jazz.

    READ MORE: Jazz’s investment in Pakistan crosses $10 billion

    Jazz is an equal opportunity employer and is creating and nurturing an inclusive and empowering culture. It’s one of the first telecom companies with a high female representation in its executive leadership. Not only does the company promote gender diversity in its work environment, it also has programs focused entirely on attracting and facilitating the female gender including the most recent ‘She’s Back – Women Returnship Program’ for women looking to return to work following a career break. Jazz is among the few early adopters in Pakistan to fully commit itself to the Women Empowerment Principles, introduced by UN Women and the UN Global Compact that focus on steering corporates to promote gender equality and women empowerment.

    Champions of Change Coalition, a globally recognized, high-profile coalition working to achieve change on gender equality issues recently welcomed Jazz CEO Aamir Ibrahim as the coalition’s member aiming to accelerate progress in creating more inclusive and progressive organizations in Pakistan.

    READ MORE: PTA renews Jazz license for $449.2 million

  • Etisalat ranked as world’s strongest telecom brand

    Etisalat ranked as world’s strongest telecom brand

    ISLAMABAD: Etisalat has been ranked as the world’s strongest telecom brand and is the first in the Middle East and Africa (MEA) region to achieve this milestone recognition by Brand Finance, the world’s leading brand valuation authority.

    With a telecom portfolio of well over $12.5 billion, Etisalat not only retained its AAA brand rating but also its position in MEA as the strongest brand across all categories and the most valuable brand portfolio.

    Eng. Hatem Dowidar, CEO, Etisalat Group, said: “To be recognized as the world’s strongest telecom brand and as the most valuable telecom brand portfolio in MEA underline the success of our strategic initiatives to build a robust telecom infrastructure that creates added value for our customers wherever we serve. With our relentless focus on being customer-centric, we continue to push our horizons by investing in next generation technology that enhance our service offering and help shape the digital future.”

    He added: “In this digital-first era, our focus is to be agile to meet the evolving requirements of our customers and deliver relevant and flexible services. Since our inception in 1976, we have been led by a vision to create a world-class telecom infrastructure that is central to economic progress.”

    Brand Finance also named Eng. Hatem Dowidar to the Elite List of Brand Guardians globally, jumping 4 places compared to last year’s ranking. This recognises the ground-breaking initiatives that he launched since he joined Etisalat in September 2015, which played a key role in propelling Etisalat’s business growth. Assuming the role of Group CEO in 2020, he stewarded the company’s growth through the fast-changing telecom and technology landscape following the COVID-19 pandemic. His astute brand stewardship served as the foundation for enhancing Etisalat’s brand reputation as well as employee engagement.

    David Haigh, Chairman and CEO, Brand Finance, said: “Guided by the vision to ‘drive the digital future to empower societies’, Etisalat is the world’s strongest telecoms brand of 2022, as well as retaining its status as the strongest brand in the Middle East and Africa for the second consecutive year. Etisalat’s brand focuses on togetherness and plays its part by providing a first-class telecoms infrastructure across its footprint. Exceptional rollout of 5G technology has also meant that the Etisalat Group’s portfolio of brands is the most valuable amongst telecoms organisations in the Middle East.”

    Attributing the success to his team at Etisalat, Dowidar added: “Our significant brand value growth is the result of the contributions and dedication of our employees across all the markets where we operate. Alongside our partners, they are the cornerstones of our efforts to be a digital-first company that is future-ready, while upholding our vision to empower societies, and turn challenges into opportunities.”

    Etisalat’s robust fibre-optic infrastructure enhances the customer experiences across all business operations. Etisalat raised the benchmark as the world’s fastest network by delivering the best 5G experience at Expo 2020 Dubai as its official telecommunication and digital services partner, surpassing the expectations of millions of visitors. Etisalat has built a dedicated network for Expo 2020, which is the first 5G commercial site in MENA with more than 8,000 Wi-Fi access points, 8,500 mobile access points, and 700 km of fibre-optic cable.

    Etisalat has leveraged its 46 years of telecoms experience and its investment in telecom infrastructure to enable the progress of the people and business alike, in addition to supporting vital sectors such as healthcare and education, especially following the pandemic.

    As the telecom sector continues to evolve at breakneck speed, Dowidar is focused on strengthening Etisalat’s strategic role in empowering the communities it serves in global markets. “Our proven ability to deliver seamless connectivity is our differentiating strength. We are fully equipped to unlock the potential of digital technologies to drive digital transformation at all levels – from government to business to individuals.  Our recognition as the world’s leading telecom brand further fuels our ambition to expand to new geographies and build innovative partnerships, underpinning Etisalat as a brand that makes a positive difference.”

    Etisalat’s digital arm has already made great strides in its digital B2B services, particularly in cybersecurity, the Internet of Things (IoT), and cloud connectivity. Help Ag, Etisalat Enterprise Digital’s cybersecurity arm, protects customers against identity theft and serve as an effective digital transformation vehicle.

    Brand Finance is the world’s leading independent branded business valuation and strategy authority. Founded in 1996 and headquartered in the City of London, it aims to ‘bridge the gap between marketing and finance.’ Brand Finance evaluates over 5,000 brands across all sectors and geographies every year. The 500 most valuable brands are included in the Brand Finance Global 500 report.

    Earlier, Brand Finance also declared PTCL, an Etisalat subsidiary and the leading telecom operator in Pakistan as the fastest growing brand in Pakistan at a special ceremony held in Barcelona during the Mobile World Congress 2018.

  • FBR issues updated rates of duty, taxes on mobile phones

    FBR issues updated rates of duty, taxes on mobile phones

    ISLAMABAD: The Federal Board of Revenue (FBR) has issued the updated applicable rates of duty and taxes for clearance of mobile phones.

    The FBR said that following rate of duty and taxes for the clearance of mobile phones shall be applicable during (2021-2022) (with passport applied within 60 days of arrival in Pakistan):

    READ MORE: FBR collects mobile phone tax, PTA clarifies

    Mobile Phones having cost and freight (C&F) value up to $30, the rate of duty and tax has been fixed at Rs430.

    Mobile Phones having C&F value above $30 and up to $100, the rate of duty and tax has been fixed at Rs3,200.

    Mobile Phones having C&F value above $100 and up to $200, the rate of duty and tax has been fixed at Rs9,580.

    Mobile Phones having C&F value above $200 and up to $350, the rate of duty and taxes shall be Rs12,200 + 17 per cent Sales Tax Ad Valorem.

    READ MORE: FBR increases income tax to 15% on cellular services

    Mobile Phones having C&F value above $350 and up to $500, the rate of duty and tax shall be Rs17,800 + 17 per cent Sales Tax Ad Valorem.

    Mobile Phones having C&F value above $500, the rate of duty and tax shall be Rs27,600 + 17 per cent Sales Tax Ad Valorem.

    Rate of duty and taxes on mobile phones 2021/2022 (Applied with CNIC):

    Mobile Phones having C&F value up to $30, the rate of duty and tax has been fixed at Rs550.

    READ MORE: FBR issues new FED rates on motor vehicles

    Mobile Phones having C&F value above $30 and up to $100, the rate of duty and taxes has been fixed at Rs4,323.

    Mobile Phones having C&F value above $100 and up to $200, the rate of duty and tax has been fixed at Rs11,561.

    Mobile Phones having C&F value above $200 and up to $350, the rate of duty and tax shall be Rs14,661 + 17 per cent Sales Tax Ad Valorem.

    Mobile Phones having C&F value above $350 and up to $500, the rate of duty and tax shall be Rs23,420 + 17 per cent Sales Tax Ad Valorem.

    READ MORE: Banks to share business account details to FBR

    Mobile Phones having C&F value above $500, the rate of duty and tax shall be Rs37,007 + 17 per cent Sales Tax Ad Valorem.

  • Jazz Digital Park inaugurated in Islamabad

    Jazz Digital Park inaugurated in Islamabad

    VEON Group CEO, Kaan Terzioğlu on Monday inaugurated the Jazz Digital Park (JDP) that was established with an investment of over $8 million.

    Located in Islamabad, JDP will accelerate the country’s digital transformation ambition by significantly improving the existing level of IT services being provided to various sectors.

    READ MORE: Jazz’s investment in Pakistan crosses $10 billion

    With a current capacity of more than 300 racks, expandable up to 450 racks, and a 3-megawatt power infrastructure, JDP is Pakistan’s largest Telecommunications Industry Association (TIA) Tier-III certified data center in terms of white space and power capacity. Jazz will utilize this digital park to offer secure IT infrastructure and hardware hosting facilities to businesses as well as local startups.

    JDP will also be hosting the new cloud platform about to be launched by Jazz. The onshore cloud will be a significant step forward in ensuring that data created in Pakistan is hosted within the country.

    Speaking at the inauguration, Kaan Terzioğlu said, “Utilising our leadership position in Pakistan and global expertise, we are focused on creating a flourishing digital ecosystem in Pakistan. Jazz Digital Park will serve as a key enabler of our digital operator strategy and is in line with our mission to simplify digital infrastructure challenges for local and regional enterprises.”

    READ MORE: PTA renews Jazz license for $449.2 million

    According to Aamir Ibrahim, CEO, Jazz: “Since the pandemic and the subsequent acceleration to digital platforms, businesses across various sectors are re-assessing their cloud adoption strategies and cloud readiness. The Jazz Digital Park represents a milestone for the country’s ICT industry as it is expected to simplify digital infrastructure challenges local businesses face. This facility is at the heart of our business strategy and validates our commitment to our customers as they continue their digital transformation journey.”

    READ MORE: Jazz awarded contract worth Rs154 million

    Jazz also plans to facilitate the Pakistani startup ecosystem by offering cloud credits under its premium startup accelerator program Jazz xlr8 at the National Incubation Center. The cloud infrastructure is not only expected to reduce the entry barrier for upcoming Pakistani startups, but is also expected to enable existing startups to accelerate their scaling up programs.

    Jazz Digital Park provides one of the largest IT capacities, enabling businesses, including service providers to co-locate their critical IT infrastructure. It is equipped with four-directional fiber connectivity, 100 per cent. redundancy for all power and cooling systems, a Bus Trunking System, a VESDA smoke detecting system, and a Performance Optimized Data Center solution to reduce its carbon footprint. These state-of-the-art features fulfill all operational requirements for a business, including 24/7 customer service, security, and system backups.

  • FBR collects mobile phone tax, PTA clarifies

    FBR collects mobile phone tax, PTA clarifies

    In response to the recent surge in taxes and duties on the registration of cellular mobile devices and handsets, the Pakistan Telecommunication Authority (PTA) issued a clarification on Monday, emphasizing that the applicable duty and taxes are solely collected by the Federal Board of Revenue (FBR).

    (more…)
  • FBR increases income tax to 15% on cellular services

    FBR increases income tax to 15% on cellular services

    ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday said the advance income tax on cellular services has been increased to 15 per cent from 10 per cent.

    The FBR issued Circular No. 12 of 2022 to explain amendments to Income Tax Ordinance, 2001 made through Finance (Supplementary) Act, 2022.

    The increase in advance tax rate on cellular service would generate additional 4.5 billion for the FBR.

    READ MORE: FBR issues new FED rates on motor vehicles

    The changes in the withholding tax regime on usage of internet and mobile phones services were introduced through the Finance (Supplementary) Bill, 2021, which was later approved by the national assembly.

    The FBR said that through the Finance Act, 2021 federal excise duty (FED) was levied on telecom services. However, telecom companies challenged the duty and got a favourable decision.

    “A marginal increase in adjustable advance tax has been proposed from 10 per cent to 15 per cent to make up for revenue loss from telecos,” the FBR added.

    READ MORE: Banks to share business account details to FBR

    The FBR collects the advance tax on telephone and internet users under Section 236 of Income Tax Ordinance, 2001.

    According to the ordinance:

    “Telephone and internet users.- (1) Advance tax at the rates specified in Division V Part IV of the First Schedule shall be collected on the amount of – (a) telephone bill of a subscriber; (b) prepaid cards for telephones; (c) sale of units through any electronic medium or whatever form ; and (d) internet bill of a subscriber; and (e) prepaid cards for internet.

    (2) The person preparing the telephone or internet bill shall charge advance tax under sub-section (1) in the manner telephone or internet charges are charged.

    READ MORE: Debt, credit card machines must for POS retailers: FBR

    (3) The person issuing or selling prepaid cards for telephones or the internet shall collect advance tax under sub-section (1) from the purchasers at the time of issuance or sale of cards.

    (3A) The person issuing or selling units through any electronic medium or whatever form shall collect advance tax under sub-section (1) from the purchaser at the time of issuance of sale of units.

    (4) Advance tax under this section shall not be collected from the Government, a foreign diplomat, a diplomatic mission in Pakistan, or a person who produces a certificate from the Commissioner that his income during the tax year is exempt from tax.”

    READ MORE: FBR slashes sales tax rates on petrol, HSD

  • Supernet, Avara awarded project for supply, maintenance

    Supernet, Avara awarded project for supply, maintenance

    ISLAMABAD: Supernet Limited on Wednesday announced that they, in conjunction with their Australian technology partner Avara Technologies Pty Ltd have been awarded a new project within a long-term program that they were awarded in 2021 by a major Pakistani customer.

    The new project valued at approximately Rs250 million constitutes Phase 3 of the program for the supply of multiservice multiplexers and associated operations, maintenance, warranty and support services.

    READ MORE: Supernet awarded telecom projects worth Rs100 million

    The program includes establishment of a repair facility in Pakistan and transfer of knowledge through an expansive training program enabling in country engineers and technicians to rectify faults throughout the equipment’s lifecycle.

    Avara’s DynaFlex product family is a flexible, fully featured, access multiplexer with powerful cross-connect and protection capabilities.

    READ MORE: Suprenet gets project for optic fiber supply

    With the ability to handle a wide range of interfaces like POTS, SCADA, Ethernet, Serial Data and Tele-Protection, the DynaFlex platform is an ideal choice for transporting mission critical TDM services over PDH, SDH, Ethernet or MPLS-TP packet-based interfaces. DynaFlex offers a broad range of hot pluggable channel cards to complement a range of physical interfaces in a modular manner.

    In 2021 Supernet and Avara successfully delivered in time the first batch of DynaFlex multiplexers under Phase 1 of the program despite supply chain and logistics challenges due to the COVID-19 pandemic.

    The delivery for Phase 2 is under implementation with the newly awarded Phase 3 expected to reach completion towards the tail end of 2022.

    Ali Akhtar. Supernet’s Head of BU, Telecoms & Defense and Lasha Aponso, CEO, Avara jointly stated: “This is a major triumph for us right at the start of 2022 and we are thrilled to have been awarded this new project. It reaffirms the trust and satisfaction of the customers in our products and services. On the back of this victory, we’re charging full steam ahead with our plans to expand business in Pakistan.”

  • Starlink not legal internet service provider: PTA

    Starlink not legal internet service provider: PTA

    ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Wednesday said that Starlink is not a legit internet service provider in the country.

    The PTA in a press release informed the general public that satellite broadband provider Starlink had neither applied for nor obtained any license from PTA to operate and provide internet services in Pakistan.

    READ MORE: PTA allows free mobile calls for Murree emergency

    Therefore, general public is advised in their own interest that they must refrain for engaging in any pre-booking orders being placed on Starlink or any of its associated websites.

    The directions came in the wake of reports that Starlink, through its website, is asking intended subscribers to pay a deposit of $99 (refundable) as pre-order for equipment/services.

    READ MORE: PTA issues procedure to block telemarketing messages

    PTA has already taken up the matter with Starlink to stop taking pre-order bookings from intended consumers with immediate effect as the Company has not been granted any license for provision of internet services in Pakistan.

    READ MORE: PTA renews Jazz license for $449.2 million

  • FBR asked to facilitate startups, e-commerce

    FBR asked to facilitate startups, e-commerce

    ISLAMABAD: Federal Board of Revenue (FBR) has been asked to facilitate startups and e-commerce across border exporters in the country.

    Special Assistant to the Prime Minister (SAPM) on E-Commerce, Senator Aon Abbas Buppi on Tuesday issued the directives at a meeting with FBR Chairman Dr. Muhammad Ashfaq.

    The SAPM also stated that startups is a growing economy and this segment needs all the facilitation by the government to promote digital economy and promoting e- Commerce, said a press release issued here.

    READ MORE: FBR slashes sales tax rates on petrol, HSD

    Aon Abbas Buppi specifically asked to abolish minimum turnover taxes for new startups to provide a conducive business environment for them.

    SAPM discussed with the FBR chairman to offer facilitation for startups and e-Commerce cross border exporters, Chairman FBR agreed to work on proposals from SAPM and assured that FBR will work along with the Ministry of commerce to create a conducive environment for the e-commerce ecosystem.

    Meanwhile Special Assistant to the Prime Minister (SAPM) on E-Commerce said the government has built the first e-commerce university in the country and is pursuing a revolutionary program to provide skilled labor in the sector.

    READ MORE: FBR to re-notify property values on February 01

    The e-commerce university will start its work by March 2022, which will provide affordable and quality education to the students. The country needs standard e-commerce university time.

    He said that the government of Pakistan Tehreek-e-Insaf (PTI) has introduced the first e-commerce policy in October 2019, which would create new avenues of employment opportunities for the youth of the country.

    Aon Abbas said that E-Commerce policy provides communities with a guideline on how they can take advantage of this innovative opportunity.

    He said the country currently has more than 50 percent youth population for whom there would be huge job opportunities in the e-commerce sector.

    READ MORE: FBR extends date for filing sales tax return

    SAPM said that Prime Minister Imran Khan has given us a target to open 10 million new jobs through the e-commerce sector.

    He said that 10,000 new companies have to be opened and 10,000 new people have to be trained to create more manpower in this sector.

    He said that at present the global market for e-commerce is $30 trillion, of which Pakistan’s share is very small.

    It has $4 trillion in Business to Business and $4 trillion in Business to Companies trade.

    READ MORE: Cash transactions above Rs50,000 not admissible