Karachi,November 2024: Galaxefi, an innovative tech company, and Skillsrator, a member of Extreme Commerce Incubation Network (ExCIN), has announced their strategic alliance aimed to revolutionize the cross-border trade in Pakistan. The strategic alliance, 1NEP or the One Network for Pakistan Cross-border Trade, aims to empower and create more traders, manufacturers, service providers, and logistics partners by incubating and offering a unified digital platform that simplifies and streamlines complex trade processes.
Galaxefi, as a private-sector port community system, connects the traders, freight forwarders, NVOCCs, and logistics partners with tools that reduce dependency on manual processes, offering an integrated digital solution that can scale with businesses of any size. The flow of information, documents, and payments will occur seamlessly across the supply chain, enhancing transparency and operational efficiency. Whereas, Skillsrator, known for nurturing startups and fostering ecommerce entrepreneurial spirit, will provide the expertise needed to mentor new traders and manufacturers looking to tap into global markets. By offering training, co-working spaces, and business mentorship, Skillsrator will ensure that businesses are equipped to leverage Galaxefi’s advanced technology, enabling them to navigate the intricacies of international trade with ease.
Speaking at the occasion, Mr. Asif Pervez, CEO Galaxefi said, “we at Galaxefi aims to streamline the largely offline freight forwarding and shipping industry, where approximately 80% of operations still rely on outdated methods. To overcome this, we have partnered with the top organizations from the relevant sectors. This alliance comes at a crucial time for Pakistan, where the government’s push towards digitalization aligns with the broader global trend of building Single Window and Port Community Systems. Through this collaboration, Pakistan’s exports are expected to grow significantly, as manufacturers gain access to international markets and traders find it easier to conduct business across borders.”
The “1NEP” One Network for Pakistan Cross-border Trade concept offered by Galaxefi ensures that every stakeholder in the supply chain benefits from a unified digital experience, creating an environment where traders can focus on growing their businesses, while the platform takes care of everything from operational processes to compliance.
Sharing his thoughts, Mr. Gulfam K. Bhagoor, CEO stated, “The strategic alliance between Galaxefi and Skillsrator is a monumental step toward digitizing Pakistan’s trade infrastructure and fostering economic growth. By offering businesses one unified network from A-to-Z, where supply chain visibility and operational transparency are at the forefront, the partnership is creating a streamlined ecosystem for Pakistan’s importers, exporters, and logistics providers. More importantly, this alliance is addressing the critical need for trained human capital in the logistics and trade sectors. With Skillsrator’s mentorship and Galaxefi’s technology, businesses can operate with leaner resources, maximize their operational efficiency, and contribute to building a stronger, digitally-enabled Pakistan.”
The strategic vision is to enable Pakistan’s small and medium enterprises (SMEs) to compete on a global stage by providing them with the digital tools they need to reduce operational costs and increase efficiency. Whether it’s through creating new manufacturers that produce world-class goods or empowering existing traders to reach new markets, this partnership has the potential to unlock billions of dollars in export potential, boosting the economy and creating a ripple effect of growth.
