Daraz highlights problem of cross-border payments

Daraz highlights problem of cross-border payments

ISLAMABAD: Daraz, an online marketplace operating in Pakistan, has highlighted problem cross-border payments.

Ehsan Saya, Managing Director of Daraz along with a delegation highlighted the issues at a meeting with Finance Minister Ishaq Dar on Wednesday.

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SAPM on Finance Tariq Bajwa and other senior officers from Finance Division participated in meeting.

The delegation of Daraz expressed gratitude to the Finance Minister and shared their business profile and their contribution to the economic development of Pakistan.

They also apprised the Finance Minister about various operational issues being faced by them especially cross-border payments.

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The delegation requested for resolving their issues and sought support of government in this regard.

MD Daraz also apprised the Finance Minister that M/s Alibaba in collaboration with Daraz is extending a humanitarian support of US$ 0.5 million to the flood affectees in Pakistan.

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Finance Minister Mohammad Ishaq Dar greeted the delegation and shared that present government is keen to see IT sectors increasing their contribution to the economic development of Pakistan.

The Government is placing high priority to IT related business activities in Pakistan. The Finance Minister appreciated their support for the flood affectees and extended support to address and resolve the issues of Daraz at earliest time possible. The delegation thanked the Finance Minister for cooperation and support.

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