Business

‘Govt determined to bring PayPal to Pakistan’

Latest Update: May 23, 2017 | 296 Views
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SIALKOT: Commerce Minister Khurram Dastgir Khan said that the government was making sincere efforts to bring PayPal and other payment gateways to Pakistan.

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While addressing the business community at Pakistan Sports Goods Manufacturers and Exporters Association in Sialkot, Khan said the government was determined to digitalise the economy, which can be proved by its effort to persuade PayPal to begin operations in Pakistan.

“The government is currently working towards bringing PayPal and other online payment gateways to the country,” he said. “We are hopeful that the international payment gateway will start its regular services in Pakistan very soon.”

He added that the necessary legislation was already in process under the supervision of the State Bank of Pakistan.

Additionally, Khan said that the present government had already gained success in bringing Chinese tech giant Alibaba to Pakistan, signing a Memorandum of Understanding with the world’s largest e-commerce company last week.

Meanwhile, the commerce minister outlined that the government was successfully removing all the hurdles which stood in the way of economic stability. “The present government is making effective and positive efforts to boost the country’s trade and exports by taking business community into confidence and ensuring the continuity of effective economic, trade and export policies,” he said. “The government is well aware of the business community’s problems and making strenuous efforts to resolve them amicably.”

The minister also said that commercial consulars have been appointed in Pakistan’s foreign missions with special tasks to improve their performance for facilitating exporters. He also sought the regular feedback from Sialkot exporters about performance of Pakistan’s commercial consulars abroad.

On CPEC

The commerce minister said that the government would soon organise awareness-raising seminars on the China-Pakistan Economic Corridor (CPEC) project in all the industrial cities.

He asserted that the grand project was opening the possibilities of promotion and strengthening mutual trade ties and business activities between business personnel of Pakistan and China.

APP