It
was in 1998 when the e-commerce explosions linking products and markets with each other,
with a 24-hour ease took place. It is estimated that the volume of global transactions on
the Web by 2003 may exceed US$4 trillion changing the traditional distribution channels.
Pakistan should not miss the train. To implement e-commerce, the country needs to address
issues like infrastructure, customs duties and taxes, privacy and protection of personal
data and consumer protection.
OICCI
The Overseas Investors Chamber of Commerce and
Industry (OICCI) has submitted a policy paper to the government to address the concerns of
the foreign investors. PAGE talked to the secretary general of OICCI, Mr Zahid
Zaheer who welcomed the inclusion of such essentials for good governance as credibility,
consistency, predictibility and effective implementation of policies on the agenda of the
new government.
KIA
12,000 customers of KIA are attaching great
hopes with the new government for recovery of Rs640 million they had paid to Nayadaur of
Tawakal Group against the booking for Kia vehicles. 700 of them had made full payments
while rest of them had deposited 20 per cent of the total price.
WTO
Under the WTO agreement, the deletion programme of Pakistan's
automotive industry may come to a stand still after Dec.31, 1999, if Pakistan did not
seriously seek a review of TRIMS at the Seattle conference to be held in the last week of
current month.
