Islamabad January 19 2022: “Government is focused on creating startup-friendly ecosystem to unleash huge potential of e-commerce in the country,” said Prime Minister Imran Khan while chairing a meeting of Young Entrepreneurs/Startups.
“The future of business in the world is technology-driven e-commerce platforms. Cognizant of its importance, we are working to clear all kinds of impediments hindering its growth”, he added.
The Prime Minister appreciated the role of Startups in generating employment opportunities for our huge tech-savvy young population, which is 2nd largest in the world. He vowed to fully facilitate and back them to materialise their true growth potential.
He directed the authorities concerned to take effective measures to address concerns of Startups relating to capital gains tax, digital signatures, intellectual property rights and attracting foreign direct investment. Earlier the Prime Minister was briefed that e-commerce is growing at an unprecedented speed.
Valued at $1.5 Billion, Pakistani startups raised an investment of $375Million during 2021.
Major startups were in the fields of E-Commerce, Fintech, Logistics and Health Tech. The meeting was attended by Advisor on Commerce Abdul Razzak Dawood, SAPM on Political Communication Dr Shehbaz Gill, Chairman BOI Azfar Ahsan,, Chairman FBR Dr Muhammad Ashfaq Ahmed, Chairman STZA Amir Hashmi and other senior officers concerned.