SAPM asks FBR to facilitate startups, e-Commerce – Business
Published on January 19, 2022 09:33
Aon Abbas Buppi has specifically called for the abolition of minimum turnover taxes.
ISLAMABAD (APP) – Special Assistant to the Prime Minister on E-Commerce, Senator Aon Abbas Buppi on Tuesday asked the Federal Board of Revenue (FBR) to offer facilitation to cross-border e-commerce startups and exporters in the country.
SAPM also said that startups are a growing economy and this segment needs all government facilitation to promote the digital economy and the promotion of e-commerce, said a press release posted here.
Special Assistant to the Prime Minister on E-Commerce, Senator Aon Abbas Buppi met with the Chairman of the Federal Board of Revenue (FBR)/Secretary of the Revenue Division, Dr. Muhammad Ashfaq Ahmed, as well as the Principal Assistant Secretary for E-Commerce , Ms. Aisha Moriani, discussed issues relating to the e-Commerce sector.
Aon Abbas Buppi specifically called for the removal of minimum turnover taxes for new startups to provide them with a conducive business environment.
SAPM discussed with FBR President to offer facilitation to cross-border e-commerce startups and exporters, FBR President agreed to work on SAPM proposals and assured that FBR will work with Ministry of Commerce to create an environment conducive to e-commerce. ecosystem.
Meanwhile, the Special Assistant to the Prime Minister (SAPM) on e-commerce said the government has built the country’s first e-commerce university and is pursuing a revolutionary program to provide skilled manpower in the sector. .
The e-commerce university will begin work by March 2022, which will provide affordable and quality education for students.
The country needs standard college time for e-commerce.
He said the Pakistani government Tehreek-e-Insaf (PTI) introduced the first e-commerce policy in October 2019 which would create new job opportunities for the country’s youth.
Aon Abbas said the e-commerce policy provides communities with a guideline on how they can take advantage of this innovative opportunity.
He said that the country currently has more than 50% of young people for whom there would be huge employment opportunities in the e-commerce sector.
SAPM said Prime Minister Imran Khan gave us a target of opening 10 million new jobs in the e-commerce sector.
He said 10,000 new businesses need to be opened and 10,000 new people need to be trained to create more workforce in this sector.
He said that currently the global e-commerce market is $30 trillion, of which Pakistan’s share is very small.
It has $4 trillion in business-to-business commerce and $4 trillion in business-to-business commerce.