Karachi, April 02: The global B2B e-commerce transactions have crossed US$ 12.4 trillion milestone in 2012 which was just US$ 3.4 trillion in 2005. If Pakistani businesses explore the online business opportunities, Pakistan has enormous potential to increase its exports many fold within few years.
These views were expressed by Hafiz Saqif, head of global business expansion of TradeKey while addressing the MIT enterprise forum Pakistan, at IBA Campus. TradeKey, a Pakistani B2B online portal which is 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 that world over the online trade business is touching new heights but Pakistan doesn’t have any substantial share in online trade. Internet is the future of Pakistani economy and if we utilize the full potential of opportunities available on the internet, country can easily accelerate its exports many fold.
The senior TradeKey official emphasized on the need to utilize universities and academia in developing resources that can explore the true strength of online businesses. He also shared the next year plan of TradeKey in reviving Pakistani exports by laying a comprehensive corporate club program that smartly integrate resources from the manufacturing industry and teams them up with universities students having online exposure. This, Tradekey claims, will not only reduce the gap between the industry and the online world but will also develop a pool of skilled resources that can take Pakistani export to the next level.
TradeKey facilitates importers and exporters worldwide by providing them with the opportunity to interact with the businesses of their interest around the world through its website. TradeKey is Pakistan’s first and only Business to Business website and has its major clientele in US and China. Over US$ 100 million buying and selling that takes place through TradeKey website is mainly from US, China and Europe.