PayPal Payments for Freelancers in Pakistan Set to Begin

paypal in pakistan

In a game-changing move for Pakistan’s freelancers, the Caretaker Federal Minister for Information Technology and Telecommunication, Dr. Umar Saif, has announced a groundbreaking initiative to enable PayPal payments for freelancers. This announcement was made during Dr. Saif’s address at the Tech Destination Pakistan event, coinciding with the launch of E-Rozgar Centers across the country.

The pilot project, set to commence in February, aims to facilitate payments to 10,000 freelancers through PayPal. Dr. Umar Saif emphasized that this initiative is a significant step forward for Pakistan’s freelance community, opening doors to seamless and efficient payment processes.

While PayPal itself may not establish a direct presence in Pakistan, an innovative agreement has been reached to enable remittances through PayPal via a third-party intermediary. Dr. Saif explained that freelancers won’t need to create PayPal accounts. Instead, payments from individuals outside the country will be swiftly deposited into freelancers’ accounts, streamlining the entire process.

To participate in this program, freelancers only need to provide evidence of having accounts on popular platforms like Fiverr, Upwork, Elance, Toptal, or Crossover. Dr. Saif highlighted the government’s commitment to simplifying procedures, ensuring that freelancers can smoothly access payments from global platforms.

In a move that will benefit freelancers even further, the government introduced a 50 percent dollar retention policy. This policy allows freelancers to retain half of their earnings in dollars, providing them with increased flexibility. Additionally, freelancers will receive a debit card for both domestic and international transactions, facilitating easy access to their funds.

Dr. Umar Saif also shared insights into the E-Rozgaar program, which aims to establish over 250 centers across Pakistan. Through a public-private partnership, these centers will provide interest-free loans to qualified individuals and companies, fostering an environment conducive to freelancing and entrepreneurship. With 40 centers currently in progress, the initiative is expected to be operational by February 19, 2024.

Highlighting the government’s dedication to nurturing talent, Dr. Saif announced the first standardized quality test for 75,000 information technology graduates scheduled for January 15. Successful candidates will have access to job opportunities through the Industry Placement Program, which includes government stipends and cash awards for participating companies.

Furthermore, the government plans to provide international certification training for 16,000 individuals in technologies such as Salesforce, Cisco, Microsoft, and Oracle financials. This strategic move aims to meet the industry’s demand for highly skilled manpower, aligning with global technology trends.

The positive impact of the government’s initiatives is already evident, with a 13 percent increase in IT revenue in the past month, driven by measures like the creation of Specialized IT Zones.

Federal IT Secretary Hassan Nasir Jami commended the IT ministry’s initiatives to boost IT exports and support freelancers. Encouraging entrepreneurs, students, and developers, he emphasized the abundant opportunities available in Pakistan’s growing IT ecosystem.

In conclusion, the announcement of PayPal payments for freelancers in Pakistan marks a transformative moment for the country’s freelance community. The government’s comprehensive initiatives, from E-Rozgar centers to standardized tests and international certification programs, demonstrate a commitment to fostering a thriving IT ecosystem. As Pakistan moves towards greater integration with global payment platforms, freelancers can anticipate a more accessible and lucrative freelancing landscape in the months to come.

Leave a Reply

Your email address will not be published. Required fields are marked *

Prove your are not robot by selecting the Flag.