Abb Takk News

Govt Decides to Establish Payment Gateway

ISLAMABAD: The federal government has decided, the first time in the country, to establish payment gateway aimed to facilitate mid and small industries.

The decision was taken in a high-level meeting held to review measures taken for effective implementation of recently introduced E-commerce policy in the country.

Under the payment gateway PayPal, Money gram,  visa master like companies will be the stakeholders and the small traders can get the advantage by exporting their products abroad.

Addressing the meeting, the prime minister said E-commerce policy will help provide job opportunities to youth, promote small and medium-scale businesses, provide empowerment to women and enhance foreign direct investment in the country.

During the meeting, the prime minister was given a detailed briefing on the government’s measures taken for effective implementation of the policy.

The meeting was told that an effective strategy has been chalked out for the early implementation of the E-commerce policy, and E-Commerce Export Board will be established soon for this purpose.

The prime minister directed the State Bank of Pakistan and the Ministry of Commerce to chalk a roadmap to help youth to take maximum benefits from this policy.

The prime minister also directed the authorities to review proposals regarding waiving off taxes on Cash on Delivery and digital transactions.

The meeting was attended by Prime Minister’s Advisor Dr Abdul Hafeez Shaikh, Secretary Finance, chairman National Information Technology Board, and senior officers of Ministry of Commerce, State Bank of Pakistan and Pakistan Post.