Chinese e-commerce giant Alibaba expresses interest in investing in Pakistan
A delegation of the global technology giant, Ali Baba, is currently visiting Pakistan to discuss plans for investment in Pakistan’s e-commerce sector.
Alibaba is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services.
This is the second time in just two months that top officials of Ali Baba are visiting Pakistan. Ali Baba’s delegation held a meeting with Minister for Commerce, Engr. Khurram Dastgir Khan.
Alibaba can become an important part of the Pakistan’s digital economy and can play a significant role in its growth in decades to come, Minister for Commerce, Engineer Khurram Dastgir Khan Tuesday said.
“Ministry of Commerce is working on a Policy Framework for development of E-Commerce in the country. Government of Pakistan welcomes Alibaba Group to Pakistan and will extend full support and facilitation,” he added.
Mr. Michael Evans, president of Alibaba group appreciated the government of Pakistan for its hospitality and warm welcome. he said:“Alibaba is interested in starting its operations in Pakistan and to tap in to this high potential market”.
He further said, ” Alibaba can offer its services in bringing in contact the consumer and businesses of Pakistan in contact with the world and this will not only result in endless opportunities for the small and medium enterprises but also in creation of millions of jobs.”
The meeting was also attended by Secretary Commerce, Secretary Finance, Secretary and Chairman Board of Investment, representatives from FBR, State Bank and Commercial Banks and other relevant government departments.
Later on the Secretary Finance, chairman BOI and other distinguished participants shared their views followed by detailed question and answer session between Michael Evans and other participants.