Pakistan’s e-commerce sector is rapidly making its mark on the global stage, now ranked as the 46th largest market in the world
BEIJING: , according to the International Trade Administration.
Recent projections by Statista, a leading global data and business intelligence platform, underscore the impressive progress of Pakistan’s e-commerce sector. In 2023, the market generated $5.2 billion in revenue, positioning Pakistan ahead of many other developing nations. The sector is expected to maintain its momentum, with a compound annual growth rate of 5.92% from 2024 to 2029. By the end of this period, revenue is anticipated to reach $6.711 billion, as reported by China Economic Net .
Data from DataSparkle highlights the growing engagement with mobile shopping applications. As of July 2024, the number of monthly active users of these apps in Pakistan surpassed 16.6 million, showcasing rapid growth in mobile e-commerce and increasing consumer acceptance of app-based shopping.The lucrative potential of Pakistan’s e-commerce market has attracted both international and local platforms.
Despite its current scale, Pakistan’s e-commerce market holds immense potential. The sector is entering a phase of rapid expansion, driven by favorable government policies that include tax incentives and financing options for e-commerce businesses. With ongoing infrastructure investments, Pakistan is poised to catch up with regional counterparts like Indonesia, the Philippines, and Bangladesh.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Chinese e-commerce group JD.com beats profit forecasts in second quarterChinese e-commerce group JD.com beats profit forecasts in second quarter
مزید پڑھ »
Serving humanity key to nation's development: CM MaryamWorld Humanitarian Day is being celebrated across Pakistan and worldwide today
مزید پڑھ »
Pakistan urges global action against 'Fitna-ul-Khawarij' and DaeshPakistan global action Fitna-ul-Khawarij Daesh is urgently needed, as Pakistan calls for a unified international effort to combat...
مزید پڑھ »
What are carry trades and how did they contribute to this week's global market mayhem?What are carry trades and how did they contribute to this week’s global market mayhem?
مزید پڑھ »
Samsung Galaxy S24 Price & PTA Tax in Pakistan for August 2024Android phones dominate the mobile market in Pakistan, with Samsung leading by a significant margin in terms of market share.
مزید پڑھ »
China's spending slump weighs as e-commerce giant Alibaba misses estimatesAlibaba Group Holding (9988.HK) missed market expectations for first-quarter revenue on Thursday
مزید پڑھ »