It has been recently reported that the government of Pakistan is trying to bring PayPal and other international online payment platforms in the country. Minister of Commerce Khurram Dastgir Khan claimed that the government is working with the State Bank of Pakistan (SBP) to streamline the processes that will allow international payment gateways to offer their services in Pakistan.
The government is determined to digitize the economy of Pakistan for which the country needs international payment gateways, the minister claimed.
Khurram said that “the government is currently working towards bringing PayPal and other online payment gateways to the country.” He added that “we are hopeful that the international payment gateway will start its regular services in Pakistan very soon.”
The minister explained that the government is already working on necessary legislation to pave the way for international payment gateways, including PayPal, Alipay and more, to enter Pakistani market. Khurram also highlighted the fact that the government has successfully brought Chinese e-commerce giant, Alibaba, to Pakistan.
It is pertinent to mention here that this is not the first time a minister is making efforts to bring PayPal and other international payment platforms in the country.
Despite the growing number of freelancers in the country, many freelancers have no option but to use expensive methods to receive payments from foreign clients. However, the arrival of PayPal and other payment gateways will surely change the situation of Pakistani freelancers, who will then be able to receive funds for their jobs without any hassle.
Unfortunately, the minister has not communicated the timeline for this.
In any case, we’ll keep a track on the story to keep our readers updated. If you like what you read, subscribe to BizUpdates.net and like our Facebook page to keep yourself updated with the current trends and insights of the business ecosystem of Pakistan.