ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb announced the government’s decision to impose taxes on those conducting business through e-commerce platforms. In his budget speech, Muhammad Aurangzeb stated that goods sold via online platforms would now be subject to taxation, including items and services ordered digitally. The minister further clarified that individuals and entities operating … Read more
RIYADH: Saudi Arabia’s e-commerce market value increased 60 per cent between 2019 and 2020, and is now forecast to exceed SR50 billion ($13 billion) by 2025, Arab News quoted a new analysis. Boston Consulting Group’s report, prepared jointly with Meta, explains e-commerce’s large growth relative to the traditional retail sector. E-commerce sales in Saudi Arabia have been … Read more
ISLAMABAD: Daraz aims to host up to 300,000 small to medium enterprises (SMEs) in two years, its CEO said, as the firm seeks to bolster its position in its home market in the face of potential competition from global giant Amazon, Reuters reported. E-commerce growth in the country of 220 million is yet to take off fully, … Read more
