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Ecommerce And Its Impact In Pakistan

Summary
The technology of today is vastly innovative and beneficial to those who know how to manipulate it. The Internet era is unfolding; anybody can now log on to their computers and take care of their financial business, online in the comfort of their own homes. This is called e-commerce, within the past few years; companies have been excited with the idea of online shopping and connecting with customer¡¦s worldwide. This is mainly because of over exaggerated headlines, outrageous market appraisals and so-called ¡§instant billionaires¡¨. The hype began in 1994, when the Internet and the World Wide Web gained popularity; companies competed to be the first ones out with convenient online shopping sites, for busy, tech savvy individuals. E-commerce is a very hot issue these days. After the revolution of Internet, more and more countries are getting involved in it. However, in general, if we use any type of electronic devices in getting orders and sending catalogues, like telephone, fax or any other such instruments, we are supposed to be applying electronic business techniques. However, the real sense of e-commerce is the business on the Internet of which there are different modes, like opening a retail store on Internet, where all transactions are done on line, from selection of product to payment of bills. The over-all volume of e-commerce is more than $4 billion annually. Doing business on Internet is not a very costly investment. It is estimated that in near future, almost 25 per cent of the traditional business will be converted into Internet business. E-commerce is an information technology trend developing fast in the business world. The corporate and the business world, aptly supported by the IT industry, already stand transferred, which by recent estimate will exceed $400 billion this year. The most common and popular forms of e-commerce are business-to-consumers (B2C) and business-to-business (B2B). Business-to-government (B2G) and...