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Pakistani e-commerce platform Daraz aims to bolster the Amazon eyes market

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Pakistani e-commerce platform Daraz aims to bolster the Amazon eyes market

By Asif Shahzad

ISLAMABAD (Reuters) – Pakistan’s largest e-commerce retail platform, Daraz, aims to host up to 300,000 small to medium-sized enterprises (SMEs) in two years, the CEO said, as the company looks to strengthen its position in its home market in light of potential competition from global giant Amazon.

The country’s 220 million e-commerce growth has yet to fully take off, such as in neighboring India, where the market is made up of retail heavyweights such as Amazon and Walmart, and major local platforms run by India. Reliance and Tata groups.

Founded in Pakistan in 2012 and acquired by Chinese giant Alibaba in 2018, Daraz has 100,000 SMEs in Pakistan on its platform.

“We want to reach 300,000 active and well-educated SMBs selling on our platform within the next two years, and that will actually create a million jobs,” CEO Bjarke Mikkelsen told Reuters in an interview on Wednesday.

Pakistan’s burgeoning middle class, over 60% youth and over 100 million broadband subscriptions,

makes it a lucrative destination for ecommerce platforms.

Amazon announced earlier this year that it will allow Pakistani entrepreneurs to sell products on its marketplace.

Before the interview, Mikkelsen met with Prime Minister Imran Khan and his finance and investment teams to discuss coordination on free zones where tech companies would receive special incentives to flourish, and an e-commerce university Khan said Pakistan will open.

Daraz operates in four other South Asian countries – Sri Lanka, Bangladesh, Nepal and Mayanmar – with access to 500 million customers with a team of 10,000 employees. It has invested $100 million in Pakistan and Bangladesh over the past two years, Mikkelsen said.

It targets sales of nearly $1 billion through its platform this year, after growing 100% year-over-year over the past four years, he said.

Pakistan’s e-commerce sector grew by more than 35% in value to Pakistan’s 96 billion rupees ($548.89 million) in the first quarter of 2021 compared to 71 billion ($405.95 million) in the same period last year. according to data from the Ministry of Commerce.

Of the 70 million users who visited the Daraz website last month, 35 million were from Pakistan. Mikkelsen said Pakistan saw that more people were now ready to use digital services.

He added that in the South Asian countries where Daraz operates, e-commerce accounts for only 2% of the retail market, which can be scaled 10 to 20 times.

($1 = 174,9000 Pakistani rupees)

(Writing by Asif Shahzad; editing by Emelia Sithole-Matarise)

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Assam Lottery Results Today 8pm

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assam lottery

Assam is known for its tea plantations, rich wildlife and silk production. It is also famous for its lotteries. Lotteries are a great way for people to try their luck and win a huge amount of money. With the lottery buzz in the country increasing, people should be aware of the fact that there are various illegal lotteries online and offline. There was a time when lotteries were completely banned in India. Now, however, times have changed and the Supreme Court has authorized 13 states to hold legal lotteries. The state of Assam is one such state where drawing a lottery is legal.

Assam State Lottery Results for March 31 | ‘Kuil Gold Lottery’ results announced at 8:00 PM; 1st Prize at ₹10 Lakhs

The government of Assam controls the operating system. The 12 other states that organize legal lotteries are Goa, Maharashtra, Kerala, Madhya Pradesh, Punjab, West Bengal, Arunachal Pradesh, Meghalaya, Manipur, Sikkim, Nagaland and Mizoram. The Assam Lottery consists of three results that are published daily.

  • The results of the Assam Future Lottery will be announced at 12 noon.
  • The results of the Assam Singam Lottery will be announced at 5:00 PM.
  • The results of the Assam Kuil Lottery will be announced at 8 p.m.

The Assam Lottery will be held at PWD-IB Complex, Tengapara, Kokrajhar, Assam 783370. The results of the ‘Kuil Gold Lottery’ will be announced at 8pm on the official website http://assamlotteries.com/. The first prize for the Kuil Gold Lottery is ₹10 lakhs. The ticket costs ₹6. Several other prizes and categories are as follows:

ASSAM PIT GOLD LOTTERY RESULTS – 8pm

  • 1st Prize – ₹10 Lakhs
  • 2nd Prize – ₹10,000
  • 3rd Prize – ₹1,000
  • 4th Prize – ₹500
  • 5th Prize – 200

ASSAM SINGAM LOTTERY – 5:00 PM

  • 1st Prize – ₹15 Lakhs (one person)
  • 2nd Prize – ₹20,000 (ten people)
  • 3rd Prize – 2,000 (ten people)
  • 4th Prize – 1,000 (ten people)
  • 5th Prize – ₹250 (ten people)

ASSAM FUTURE LOTTERY – 12 HOURS

  • 1st Prize – ₹10 Lakhs (one person)
  • 2nd Prize – 10,000 (ten people)
  • 3rd Prize – 1,000 (ten people)
  • 4th Prize – ₹500 (ten people)
  • 5th Prize – ₹200 (ten people)

The Assam Lottery is organized and regulated by the state recognized authority, ‘Bodoland Territorial Council (Assam)’. The ‘Claim Forms’ can be derived from the official website http://assamlotteries.com/. The information must be entered in capital letters. The winner may also be required to enclose a valid photo ID with this form. The forms must be submitted within 30 days of the declaration of results.

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Controversial Facebook mega data center cuts line for grid connection

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Controversial Facebook mega data center cuts line for grid connection

A mega data center for Facebook was given priority over other companies to connect to the electricity grid, although the center would put an extra burden on the already congested network. Several officials within the Ministry of Economic Affairs had expressed their doubts about the mega data center, De Telegraaf reported on the basis of released documents.

“The growth of data centers leads to an increase in electricity consumption. As long as production is not fully renewable, this will lead to additional CO2 emissions,” officials from the Ministry of Economic Affairs and Climate Policy wrote in a letter. to former Minister of Economic Affairs Eric Wiebes in 2020.

Electricity demand has increased enormously in recent years and the electricity grid has not been able to cope with the increase, RTL Nieuws reported in November. The transition to renewable energy also requires a redesign of the electrical infrastructure that is still underway.

Facebook took precedence over other companies waiting years to connect to the electricity grid. Facebook’s parent company, Meta, was given priority after they threatened to move the data center to another European location. Officials expressed concern that other companies will now demand priority as well.

Officials also warned that the data center’s economic gains were “limited” and “out of line with existing and planned policies that a hyperscale data center should be located on the borders of the Netherlands”.

The municipality of Zeewold still has to cast a final vote on the data center on December 16. A small majority of the city council seems to be in favor of the center, according to NU.nl.

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Facebook Messenger gets a new bill splitting feature

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Facebook Messenger gets a new bill splitting feature

Meta (formerly Facebook) has introduced a new feature called “Split Payments” on Facebook Messenger.

As the name implies, the new feature allows you to easily share costs with your friends and family for free – be it a restaurant bill or a house rent.

To split the bill, all you need to do is click the “Get Started” button in a group chat or the Payments Hub in Messenger. You can then split the bill equally among the group or change the amount of the contribution for each individual, with or without yourself.

After that, enter a personal message and confirm your Facebook Pay details, and your request will be sent to the group, visible to everyone in the chat thread.

Facebook Messenger gets a new bill splitting feature

Meta will begin testing the new feature in the US next week, but it’s unclear when it will expand to other regions.

In addition to introducing the bill-splitting feature, Meta has also added four new AR-based group effects to Facebook Messenger, created in collaboration with King Bach, Emma Chamberlain, Bella Poarch, and Zach King. You can view them below.

The company also reminds us of a new chat theme and two recently launched sound mojis for fans of Stranger Things, and a new sound moji released to celebrate Taylor Swift’s new album “Red.”

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