This file is about PayPal in Pakistan

1. Pypal in Pakistan
It’s a time for celebrations for Pakistani freelancers, who have been complaining about
unavailability of Paypal, an online payment system that allows its users to send and
receive money around the world, since long.
The reason for suggesting celebrations to the freelancers is latest statement of
caretaker Federal Minister for Information Technology and Telecommunication Dr Umar
Saif, who has expressed resolve to bring “PayPal and Stripe to Pakistan”.
Saif, one of the best techies in the country, shared a roadmap for online freelancers in
Pakistan on social media platform X, formerly Twitter. He wrote, “Our roadmap for
online freelancers in Pakistan:
1. Bring PayPal and Stripe
2. Treat online freelancing at the same tax rate as IT industry: 0.25%
3. Create co-working spaces for 500,000 freelancers in Pakistan.
“I believe our online freelancers can earn up to $2.5 Billion within the next 2 years!” he
said.
The IT minister unveiled the roadmap to achieve the target of $10 billion in annual
exports through four major dimensions at a ceremony related to ITCN Asia 2023.
He stated that the annual IT export could be increased to $3.5 billion by providing
confidence to IT companies to retain their exports income in special accounts of
Pakistan banks rather than offshore offices in different countries.
The ministry, through a partnership with the private sector, will train 100,000 software
developers to enhance the exports by $2 billion per annum, which will translate the
export values to $5.5 billion.