Ef­forts to de­velop e-com­merce gate­way frame­work: Anusha

The Pak Banker - - NATIONAL -

Min­istry of In­for­ma­tion Tech­nol­ogy and Telecom­mu­ni­ca­tions (MoIT) is work­ing along­side Min­istry of Com­merce to de­velop an e-com­merce gate­way frame­work so that on­line com­mer­cial projects can flour­ish.

This frame­work will also help in­crease con­sumers' and busi­nesses' con­fi­dence in on­line pay­ment sys­tems. Min­is­ter of State for In­for­ma­tion Tech­nol­ogy, Ms. Anusha Rah­man who had a meet­ing with Chi­nese del­e­ga­tion led by Chair­man of China In­vest­ment Pro­mo­tion Cen­tre, Yan Li­jin as­sured the Chi­nese side that in­ter­na­tional com­pa­nies would be in­vited to in­vest in e-com­merce ini­tia­tives.

Any Chi­nese party in­ter­ested in in­vest­ing in es­tab­lish­ing an In­ter­net Pay­ment sys­tem or an e-com­merce gate­way would re­ceive full as­sis­tance for be­ing an es­sen­tial el­e­ment of e-com­merce value chain, she said. Chi­naPak­istan Eco­nomic Cor­ri­dor (CPEC) is of great im­por­tance to prin­ci­pal stake­hold­ers and in an at­tempt to in­crease re­gional con­nec­tiv­ity be­tween the coun­tries, the re­cent meet­ings with Chi­nese del­e­ga­tion also dis­cussed sup­ple­men­tary e-cor­ri­dor com­po­nent.

The del­e­ga­tion dis­cussed how to en­hance co­op­er­a­tion be­tween China and Pak­istan's pub­lic and com­mer­cial sec­tors re­lated to IT parks, elec­tronic pay­ments, in­no­va­tion and sim­i­lar IT ser­vices. Both par­ties dis­cussed ways to en­able de­vel­op­ment of a range of ini­tia­tives in the In­for­ma­tion and Com­mu­ni­ca­tion Tech­nol­ogy (ICT) sphere.

Ms. Anusha Rah­man said the govern­ment be­lieves in a "Dig­i­tal Pak­istan" and any as­sis­tance or col­lab­o­ra­tion from Chi­nese would help in ma­te­ri­al­iz­ing the vi­sion of "ac­cel­er­ated dig­i­ti­za­tion."

The Chi­nese del­e­ga­tion put for­ward a pro­posal for es­tab­lish­ing pub­lic-pri­vate part­ner­ship and a joint ven­ture in­vest­ment mech­a­nism which is com­pletely backed by Chi­nese IT and in­no­va­tion groups. The min­is­ter guar­an­teed that any pro­pos­als from the Chi­nese del­e­ga­tion in this re­gard would be thor­oughly and swiftly eval­u­ated to en­sure com­plete trans­parency and con­form­ity with the coun­try's le­gal sys­tem.

The del­e­gates pointed out that Pak­istan has a lot of po­ten­tial in IT and Tele­com sec­tor and joint ef­forts needed to be made to op­ti­mize the fi­nan­cial out­put from th­ese tech sec­tors. Min­istry of IT and Pak­istan Soft­ware Ex­port Board (PSEB) would work with their Chi­nese coun­ter­parts for co­or­di­nated ef­forts on ev­ery­thing re­lated to ICT in­dus­try and tech­nol­ogy park de­vel­op­ment.

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