Karachi, Global B2B e-commerce transactions crossed US$12.4 trillion milestone in 2012 which was just US$3.4 trillion in 2005. If Pakistani businesses explore online business opportunities, it has enormous potential to increase its exports many fold within few years.
This was stated by Hafiz Saqif, head global business expansion of TradeKey addressing MIT enterprise forum Pakistan, at IBA Campus. TradeKey, a Pakistani B2B online portal ranked 3rd largest business to business website in the world, facilitates over US$100 million import, export transactions every month through its website.
TradeKey claims world over online trade business is touching new heights but Pakistan doesn’t have any substantial share in online trade. Internet is future of Pakistan economy. “If we utilize full potential of opportunities available on internet, country can easily accelerate its exports many fold.”
He stressed need to utilize universities, academia in developing resources that can explore true strength of online businesses. He shared next year plan of TradeKey in reviving Pakistan exports by laying comprehensive corporate club program that smartly integrate resources from manufacturing industry and team with varsities students having online exposure. This will not only reduce gap between industry and online world but also develop pool of skilled resources that can take Pakistani export to next level.
