Entertainment

Good news for freelancers as govt plans to bring PayPal, Stripe to Pakistan

There is good news for freelancers as the Ministry of Information and Technology (IT) and Telecommunications received a green signal from Caretaker Prime Minister Anwaar-ul-Haq Kakar to bring PayPal and Stripe, international online payment processing platforms, to Pakistan.

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27 Sep 2023

The development was confirmed by interim IT minister Dr Umar Saif in a post on micro-blogging site X.

Dr Saif discussed a new comprehensive policy with the interim premier, aiming to bring PayPal, Stripe and Starlink to Pakistan.

"[the new policy aims to] Enhance IT exports by institutionalising dollar retention accounts, IT corporate debit cards to enable easy flow of money in and out of retention accounts, streamlining tax issues and training 200,000 IT professionals to add $5 Billion to IT exporters," he said in a post.

"Bring PayPal and Stripe to Pakistan and establish co-working spaces for 500,000 freelancers to increase their potential to additional $3 billion per year."

He added that the government will also launch Starlink in Pakistan to "improve connectivity throughout the country".