Nov 26

foodpanda demonstrates Pandafly drone at Dubai Expo

KARACHI: foodpanda has exhibited Pandafly drone at the Pakistan Pavilion in Dubai expo. foodpanda Pakistan’s leading food delivery company and is also the largest e-commerce platform. The event is a testament to foodpanda’s commitment to grow and innovate through adoption of disruptive technology, as well as showcase the tremendous support and an enabling environment offered […]

by Hamza Shah

Pakistan offers huge potential for e-commerce: PM Imran

Nov 25

IT & Telecom, Top stories, Trade & Industry

Pakistan offers huge potential for e-commerce: PM Imran

ISLAMABAD: Prime Minister Imran Khan has said that Pakistan offered huge potential for e-commerce which will generate employment opportunities and help in economic growth. The prime minister expressed these views in a meeting with Group CEO of Daraz (online E-Commerce platform) Bjarke Mikkelsen. The Prime Minister Imran said that the government is providing full support […]

by Hamza Shah

Mobilink Bank, Daraz facilitate women entrepreneurs

Nov 23

IT & Telecom, Money & Banking, Trade & Industry

Mobilink Bank, Daraz facilitate women entrepreneurs

KARACHI: Mobilink Microfinance Bank Limited (MMBL) and Daraz Pakistan have joined hands to facilitate MMBL borrowers specifically women entrepreneurs, by enabling them to become sellers on Daraz. Through this collaboration, MMBL and Daraz will provide adequate opportunities to promote Small and Medium Size Enterprises (SMEs), more so now as the e-commerce platform is going through […]

by Faisal Shah

MCB Bank, UnionPay ink pact for e-Commerce

Nov 18

Money & Banking

MCB Bank, UnionPay ink pact for e-Commerce

LAHORE: MCB Bank Limited has entered into an agreement with UnionPay International (UPI) to further facilitate e-Commerce businesses partnered with MCB e-Gate with access to UnionPay International’s globally recognized payment services. Under this agreement, MCB Bank will be enabling partner eCommerce businesses to access UnionPay International as a payment scheme in the MCB eGate internet […]

by Faisal Shah

International payment gateway setup discussed

Sep 22

IT & Telecom, Money & Banking

International payment gateway setup discussed

ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday presided over a meeting on the establishment of Pakistan International e-payment gateway (IPG). The IPG will pave the way for financial inclusion and payment digitization which is a sub-component of the 09-pillars of the E-Commerce policy. Federal Minister for IT & Telecommunication Syed Amin-ul-Haque, Adviser on Commerce Abdul […]

by Hamza Shah

Foodpanda to deliver medicines through pandago

Sep 7

Corporate

Foodpanda to deliver medicines through pandago

LAHORE: Enhancing the e-commerce avenues, Foodpanda has partnered with Servaid Pharmacy to deliver medicines and other pharmaceutical products via pandago, a rider on demand service. A signing ceremony took place in Lahore, attended by Raafay Munir, Head of New Verticals foodpanda, and Tahir Abbas, Chief Commercial Officer Servaid. Under the strategic partnership, foodpanda’s wide network […]

by Hamza Shah

Pakistan signs pact to build SCO e-commerce platform

Aug 25

Finance

Pakistan signs pact to build SCO e-commerce platform

Pakistan has signed a Memorandum of Understanding (MoU) on Building a Cross-border E-commerce Platform with nine trade organizations of Shanghai Cooperation Organization (SCO). The MoU has been signed to promote collaboration among SCO member states in the digital economy. The signing ceremony held at the Digital Commerce Conference of the 2021 China-SCO Forum on the […]

by Hamza Shah

Tarin assures support for e-commerce industry growth

Aug 13

Finance, IT & Telecom

Tarin assures support for e-commerce industry growth

ISLAMABAD: Finance Minister Shaukat Tarin on Thursday assured online market-place operator for the growth of e-commerce industry in Pakistan. He made this assurance at a meeting with CEO Daraz, Bjarke Mikkelsen. Shaukat Tarin affirmed his support for the growth of e-commerce industry in Pakistan and directed Daraz to propose initiatives where the Government could work […]

by Anjum Shah

Online market places to collect 2% withholding sales tax

Jul 6

Taxation

Online market places to collect 2% withholding sales tax

ISLAMABAD: The online market places have been brought into the tax net as through the Finance Act, 2021 the owner of online market place has been made withholding agent and made responsible for collecting withholding tax at two per cent on sales made through digital platform. A new definition has been including in the Sales […]

by admin

Online market places to withhold sales tax from July 01

Jun 28

Taxation

Online market places to withhold sales tax from July 01

ISLAMABAD: Online market places will collect sales tax on supply of goods and services through digital platforms on behalf of the Federal Board of Revenue (FBR) from July 01, 2021, sources said on Monday. The sources said that through Finance Bill, 2021 the term online marketplace was introduced. According to KPMG Taseer Hadi & Co. […]

by admin