Pakistan’s Sahiwal, Mian Channu registered most sellers with Amazon in 2022 — study

An Amazon.com Inc. delivery driver carries boxes into a van outside of a distribution facility on February 2, 2021 in Hawthorne, California. (AFP/File)
Short Url
Updated 29 June 2022
Follow

Pakistan’s Sahiwal, Mian Channu registered most sellers with Amazon in 2022 — study

  • Pakistan ranked third on list of countries registering the greatest number of sellers with the global e-commerce giant
  • After year-long talks, Pakistan was in May 2021 added to the list of countries allowed to sell products on Amazon

KARACHI: Two relatively small cities in Pakistan topped the list of places where the greatest number of merchants have registered with global ecommerce giant Amazon during the ongoing year, latest research by Marketplace Pulse said, ranking the country in third place for the registration of new sellers.

Marketplace Pulse, a New York-based e-commerce intelligence firm, collects data on some of the biggest businesses in cyberspace including Amazon, eBay, Etsy, Walmart, Wish, and other platforms. The firm maintains up-to-date dataset of millions of Amazon marketplace sellers.

According to its research, Pakistan is the top third country on the list of maximum number of new sellers, with the cities of Sahiwal and Mian Channu leading the way.

Unsurprisingly, the United States and China are at the top of the list.

“The thousands of Pakistani sellers dwarf in comparison to the two largest locations, but that’s more than the rest of the countries in the world, including export hubs like India and neighboring countries like Canada,” the Marketplace Pulse said in a latest statement.

The founder of the research firm said a majority of registrations had come from the two cities in Punjab, followed by Pakistan’s commercial hub Karachi and other major urban centers.

“Over 4,000 sellers from Pakistan have registered to sell on Amazon.com so far this year,” Juozas Kaziukėnas, founder of Marketplace Pulse, told Arab News this week. “Most from cities Sahiwal, Mian Channu, Lahore, Multan, and Karachi.”

“The list of cities is ordered by the number of sellers,” he added. “The most so far have been from Sahiwal. The number of registrations has been accelerating month-to-month (over 1,000 so far in June), so I expect by the end of 2022, tens of thousands of Pakistani sellers would have joined Amazon.”

In May 2021, Pakistan was added to the list of countries that were allowed to sell products on Amazon after talks between the e-commerce firm and the country’s authorities which lasted for almost a year.

“This [account opening with Amazon.com] means sellers have registered with the marketplace … but it is not necessary that they have actually sold their products,” Badar Khushnood, member of the government’s National E-Commerce Council, who also played an important role in Pakistan’s inclusion in Amazon’s list, told Arab News on Wednesday.

“Pakistani sellers want to export their goods through e-commerce platforms like Amazon and now they have registered and are analyzing the requirements of the marketplace, such as how to meet its standards, packing and shipping requirements,” he added.

He noted that Pakistan’s inclusion in the list of countries that can sell their products on Amazon validated that people wanted to export various products from the country.

“Now we have to see how many people can export their products to Amazon warehouses across the globe and how quickly they are able to sell the goods,” Khushnood said. 

“Registration at the Amazon platform means the trade will be cross-border and things will go out of Pakistan. The cost of shipping at the moment is too high.”
He noted the shipping cost faced by small exporters needed to be curtailed to facilitate them, adding this could be done by “offering them tax rewards etc.”

According to Marketplace Pulse, Pakistan is home to the world’s largest Amazon seller groups. These include “eCommerce by Enablers” with over 1.2 million members, “Extreme Commerce by Sunny Ali” with more than 1.1 million members, and “Ecommerce Success Pakistan” with nearly 200,000 followers.

These groups started years before Pakistani sellers were officially allowed to sell on Amazon.


IMF board to approve Pakistan reviews today ‘if all goes well,’ say officials

Updated 4 sec ago
Follow

IMF board to approve Pakistan reviews today ‘if all goes well,’ say officials

  • IMF’s executive board is scheduled to meet today to discuss the disbursement of $1.2 billion
  • Economists say the money will boost Pakistan’s forex reserves, send positive signals to investors

KARACHI: The International Monetary Fund’s (IMF) executive board is scheduled to meet today, Monday, to approve the release of about $1.2 billion for Pakistan under the lender’s two loan facilities, said IMF officials who requested not to be named.

The IMF officials confirmed the executive board was going to decide on the Fund’s second review under the $7 billion Extended Fund Facility (EFF) and first review under the $1.4 billion Resilience and Sustainability Facility (RSF), a financing tool that provides long-term, low-cost loans to help countries address climate risks.

“The board meeting will be taking place as planned,” an IMF official told Arab News.

“The board is on today yes as per the calendar,” said another.

A well-placed official at Pakistan’s finance ministry also confirmed the board meeting was scheduled today to discuss the next tranche for Pakistan.

The IMF executive board’s meeting comes nearly two months after a staff-level agreement (SLA) was signed between the two sides in October.

Procedurally, the SLAs are subject to approval by the executive board, though it is largely viewed as a formality.

“If all goes well, the reviews should pass,” said the second IMF official.

On approval, Pakistan will have access to about $1 billion under the EFF and about $200 million under the RSF, the IMF said in a statement in October after the SLA.

The fresh transfer will bring total disbursements under the two arrangements to about $3.3 billion, it added.

Experts see smooth sailing for Pakistan in terms of the passing of the two reviews, saying the IMF disbursements will help the cash-strapped nation to strengthen its balance of payments position.

Samiullah Tariq, group head of research at Pakistan Kuwait Investment Company Limited, said the IMF board’s approval will show that Pakistan’s economy is on the right path.

“It obviously will help strengthen [the country’s] external sector, the balance of payments,” he told Arab News.

Until recently, Pakistan grappled with a macroeconomic crisis that drained its financial resources and triggered a balance of payments crisis.

Pakistan has reported financial gains since 2022, recording current account surpluses and taming inflation that touched unprecedented levels in mid-2023.

Economists also viewed the IMF’s bailout packages as crucial for cash-strapped Pakistan, which has relied heavily on financing from bilateral partners such as Saudi Arabia, China and the United Arab Emirates, as well as multilateral lenders.

Saudi Arabia, through the Saudi Fund for Development, last week extended the term of its $3 billion deposit for another year to help Pakistan boost its foreign exchange reserves, which stood at $14.5 billion as of November 28, according to State Bank of Pakistan statements.

“In our view this [IMF tranche] will be approved,” said Shankar Talreja, head of research at Karachi-based brokerage Topline Securities Limited.

“This will help strengthen reserves and will eventually help a rating upgrade going forward,” he said.

The IMF board’s nod, Talreja said, would also send a signal to the international and local investors regarding the continuation of the reform agenda by Pakistan’s government.