Islamabad, July 16, 2014 (PPI-OT): The Minister of State for IT Mrs. Anusha Rahman said that the Establishment of E-Commerce gateway in the country is need of time because most of the economics worldwide are getting “electronized”.
She said this while chairing an inter-ministerial meeting regarding the establishment of E-commerce gateway in Pakistan. The Minister said that E-commerce markets are thriving whereby in 2013 the E-commerce industry has grown rapidly with global business of consumer e-commerce sales passed US $ 1250 billion mark.
By following the examples, the E-commerce industry of Pakistan can provide a significant boost to our economic growth. So establishment of E-commerce gateway has become indispensable that can ensure that such transaction occur without hitches and in total security over electronic networks.
Mrs. Anusha Rahman reiterated that to boost the confidence of consumers on E-commerce it is necessary to provide a secure mechanism for reliable authorization and authentication of transactions performed online. Buyers and merchants both need to feel confident in placing their sensitive information online for which stringent regulations of State Bank Pakistan need to be in place .
Minister of IT stressed that inter-ministerial committee should devise regulatory and legal framework on urgent basis. Unfortunately we are still in rudimentary stage due to absence of E-commerce gateway. Initially this initiative was taken in 2002 but could not be completed due to lack of interest. Now the present government has decided to complete this mission with clear road map and minimum time frame, the Minister added.
The Minister also directed to constitute a working group within the inter-ministerial committee to device a strategic plan for the establishment of E-commerce gateway, infrastructure for E/M transactions, with time lines. This working group would complete the task within the next 30 days and would come up with a complete viable plan.
The meeting was attended by Federal Secretary IT Mr. Azmat Ali Ranjha, Member Telecom, Mr. Mudassir Hussain, MD PSEB, senior officials from the Ministry of Commerce, Finance Division, State Bank of Pakistan and PTA.
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