Chinese Tech Giant Alibaba Group Set To Enter Pakistan; Signs First MoU

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Pakistan on Tuesday signed a Memorandum of Understanding with Alibaba Group Holdings Limited to promote Pakistan’s worldwide exports by Small and Medium Enterprises (SMEs) through e-commerce.

Alibaba Group’s Executive Chairman, Jack Ma and Prime Minister Nawaz Sharif witnessed the signing ceremony.

Speaking at the headquarters of the e-commerce giant, the prime minister appreciated the success and performance of the Alibaba group.

“I am glad my meeting with Jack Ma at the World Economic Forum in January has come to fruition in the shape of the MoU we have just signed,” the premier said.

“My appreciation of Ma’s dynamism and performance of [the Alibaba] group comes not only from its success as a e-commerce giant but more so from the focus of the group on job creation and livelihood generation,” he added.

“Indeed, the Alibaba group is a business with strong humanistic dimension. These are the values that are the pivot of the policies my government has pursued with determination and commitment since taking office in 2013.”

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