Friday , June 23 2017
Home / News / Ali Baba Officials Visiting Pakistan with an Intention of Investing $400 Million of Dollars Here

Ali Baba Officials Visiting Pakistan with an Intention of Investing $400 Million of Dollars Here

ali baba buying daraz pk

The global tech and e-commerce giant, Ali Baba, is sending a high-level delegation to visit Pakistan one more time.

This is the second time in a span of only two months that the officials from Ali Baba are coming to Pakistan.

Mr. Michael Evans will be leading the delegation as per the confirmation by the sources. He is the President and Director of Ali Baba who is responsible for overlooking the international growth and globalization of the group. He leads all the expansion plans outside China.

The delegation will be meeting the Prime Minister of Pakistan, Mian Nawaz Sharif, Minister of Commerce, Mr. Khurram Dastagir Khan, Minister for IT and Telecom, Ms. Anusha Rehman along with other prominent designates in the capital.

A few months ago in Davos, Switzerland, the Chairman of Ali Baba, Jack Ma, met with Prime Minister of Pakistan on the occasion of World Economic Forum’s annual meeting. This was the time when Ali Baba had shown its interest in the Pakistani market for the first time and since then a lot of news have been surfacing.

According to the scheduled visit, it is being said that the delegation will reach Pakistan early morning tomorrow.

In the first session, the officials and the Pakistani ministers will be discussing investment, finance, and other monetary issues. Later, in the second session, the delegation will have a meeting with the IT and the Commerce Ministers to discuss all the matters relating to Ali Baba’s expansion plan in the country.

Other people which the delegation will be meeting include Chairman NADRA and Chairman Board of Investment, Mr. Miftah Ismail.

The sources have revealed that the government of Pakistan is hoping that the leading e-commerce giant will be investing around $400 million in the country’s e-commerce industry.

However, the final plans will only be revealed once the delegation meets with the government officials.

There have been talks about Ali Baba’s acquisition of Daraz as well but nothing has been confirmed by the official resources yet.

image source

  • ali baba buying daraz pk: Google

About Muzammil Baig

Muzammil Baig
Muzammil Baig Web trailblazer. Introvert. Business Nerd. Food aficionado. Zombie evangelist. Avid coffee enthusiast.a writer by day and reader at night.