{"id":47071,"date":"2024-09-02T12:10:11","date_gmt":"2024-09-02T07:10:11","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=47071"},"modified":"2024-09-02T12:10:11","modified_gmt":"2024-09-02T07:10:11","slug":"pakistans-e-commerce-sector-skyrockets-to-46th-global-rank","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/pakistans-e-commerce-sector-skyrockets-to-46th-global-rank\/","title":{"rendered":"Pakistan&#8217;s e-commerce sector skyrockets to 46th global rank"},"content":{"rendered":"<p>ISLAMABAD: Pakistan&#8217;s e-commerce industry has achieved a significant milestone, securing the 46th position globally, as reported by the<a href=\"https:\/\/dailyausaf.com\/en\/featured\/pakistani-traders-observe-nationwide-strike-against-taxes-utility-bills\/\"> International Trade Administration (ITA)<\/a>.<\/p>\n<p>This remarkable growth can be attributed to a combination of factors, including a burgeoning middle class, widespread adoption of smartphones and internet, improved e-commerce infrastructure, and supportive government policies.<\/p>\n<p>Earlier in 2023, <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/chamber-of-commerce-petition-supreme-court-to-nullify-policies-governing-ipps\/\">Pakistan&#8217;s e-commerce market<\/a> generated an impressive $5.2 billion in revenue, surpassing many developing nations. The sector is poised for continued growth, with a projected <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/govt-announces-reduction-in-petroleum-prices-check-latest-rates-here\/\">compound annual growth rate (CAGR)<\/a> of 5.92% from 2024 to 2029.<\/p>\n<p>In addition, Pakistan&#8217;s mobile-first culture is evident, with over 80% of internet users accessing the web through smartphones. This mobile dominance extends to e-commerce, with 58% of users making purchases through mobile devices in 2023, a figure expected to rise further.<\/p>\n<p>As of July 2024, the number of monthly active users of mobile shopping apps in Pakistan exceeded 16.6 million, highlighting the rapid growth of mobile e-commerce and increasing consumer acceptance of app-based shopping.<\/p>\n<p>Pakistan&#8217;s e-commerce market&#8217;s allure has attracted international and local players. Global giants like Alibaba&#8217;s AliExpress and Amazon are expanding into the Pakistani market, while homegrown platforms like Daraz, DealCart, and Savyour are also thriving.<\/p>\n<p>Moreover, International players like SHEIN and Temu have entered the top 15 shopping apps in Pakistan by mid-2024, further solidifying the market&#8217;s growth potential.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Pakistan&#8217;s e-commerce industry has achieved a significant milestone, securing the 46th position globally, as reported by the International Trade Administration (ITA). This remarkable growth can be attributed to a combination of factors, including a burgeoning middle class, widespread adoption of smartphones and internet, improved e-commerce infrastructure, and supportive government policies. Earlier in 2023, Pakistan&#8217;s [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":47072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4674,21161,21162,21159,21160],"class_list":["post-47071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-pakistans-e-commerce-market","tag-alibabas-aliexpress","tag-daraz-online-shopping-app","tag-international-trade-administration-ita","tag-pakistans-mobile-first-culture"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/47071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=47071"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/47071\/revisions"}],"predecessor-version":[{"id":47073,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/47071\/revisions\/47073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/47072"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=47071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=47071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=47071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}