Cheezmall and The Association of Chartered Certified Accountants (ACCA) have signed an Memorandum of Understanding (MoU) for the promotion of eCommerce in Pakistan. Cheezmall itself is an eCommerce store in Pakistan that is based out of Shanghai, China. It was founded by a group of entrepreneurs from Fortune 500 and Alibaba.
The CEO of Cheezmall, Aurangzeb Khan, had issued the following statement pertaining to the MOU signing:
“e-Business in Pakistan is growing at a very fast pace, with 50% of the population less than 24 years of age and with over 100 million mobile phone users and government’s proactive initiatives for digital payment platforms. It is a key recipe of growth for e-business. E-commerce in Pakistan is expected to grow from $60 million to over $1 billion by 2020 which is a very positive indicator. This change shall require an altogether different governance and control environment, without which this growth would not be sustainable for the companies and the industry as a whole.”
Cheezmall’s board of directions are happy with this partnership and hope that this will help create awareness from eCommerce in Pakistan.
The head of ACCA in Pakistan, Sajjeed Aslam, has said,
“Our finance professionals have to support this new business environment and work toward learning its dynamic mechanism and prepare themselves accordingly. ACCA would like to get engaged more profoundly and help students, affiliate and members to get proper insight of this industry segment. There is not only a change in process involved here but also in the mindset.”
This statement illustrates that ACCA and Cheezmall will be working together to help groom financial talent in Pakistan. This collaboration will work together to devise policies and framework for the eCommerce industry in Pakistan.