In a significant feat, Qist Bazaar, a prominent online platform, has achieved a notable milestone, reaching a remarkable 2 billion in sales. Beyond the financial success, this accomplishment underscores the platform’s profound impact on the Pakistani community.
The platform’s growth is exemplified by its journey from the first billion in sales within 18 months to the second billion in just 8 months. This rapid trajectory speaks to Qist Bazaar’s robust business model and its increasing popularity among consumers, as noted by Arif Lakhani, Co-Founder and CEO.
Lakhani emphasizes, “Adrenaline from the exponential growth, combined with serving the unique needs of the average Pakistani, is what truly makes our business a pleasure.” Qist Bazaar stands out by offering thousands of essential products on easy monthly instalments, catering to the overlooked and forgotten sector, according to Lakhani.
Beyond the impressive sales figure, the true significance lies in what it represents for thousands of Pakistanis. Qist Bazaar has become synonymous with providing necessities like ceiling fans, crucial in Pakistan’s climate. Moreover, its diverse product range contributes to employment generation, offering opportunities through the sale of items such as bikes, laptops, and phones.
A noteworthy aspect of Qist Bazaar’s success is its commitment to regulatory and ethical standards. As a regulated Non-Banking Financial Company (NBFC) adhering to Shariah compliance, Qist Bazaar has positioned itself as a trustworthy and responsible player in the market. This compliance is particularly significant in Pakistan, where adherence to Islamic principles in financial dealings holds high value.
