Pakistan’s Caretaker Federal Minister for Information Technology and Telecom Dr. Umar Saif has announced that Pakistani freelancers will now be able to easily receive funds from PayPal into their bank accounts.
PayPal is an international money transfer and payment service provider.
In a video posted on social networking site X, the caretaker IT minister said, “There has been a long-standing demand of freelancers to bring PayPal, Stripe and Visa to Pakistan so that they can easily transfer their funds to Pakistan.” I can receive.’
Pakistani freelancers and e-commerce people have been demanding for a long time to tie up with this company to make remittances possible in the country.
Umar Saif said that the good news is that Pakistani freelancers will be able to receive money through PayPal.
Caretaker IT Minister Dr. Umar Saif explained the feasible plan of payment gateway from foreign countries for freelancers. What has revolutionized the world of communication, what is Low Orbit? The mystery of how this facility will be available where there are no mobile networks and internet has also been revealed.#PayPal pic.twitter.com/ZUJ9m68TZx
— Ministry of IT & Telecom (@MoitOfficial) January 7, 2024
“We have designed this program in such a way that now you don’t need to open a PayPal account while sitting in Pakistan, but through the system that has been designed, anyone sitting outside can open their PayPal wallet for you. will be able to give the money, which you will receive in the Pakistani bank account at the same time.
How beneficial is this development?
Many freelancers in Pakistan were struggling due to lack of institutions like PayPal and used to receive their funds from other sources which took some time.
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Talking to Independent Urdu, young Pakistani freelancer Mohsin Ali said that ‘currently, receiving money from PayPal in Pakistan is an expensive and long-awaited process. Transferring money to a Pakistani bank account is done through a third party, with a lower dollar rate than the market and may take several days. While there is also a risk of fraud.
Appreciating the recent initiative of the government of Pakistan, he said that ‘this will not only facilitate quick transfer but also save the money which had to be given to the third person earlier and there will be no possibility of fraud.’
Aqsa Zulfiqar, a female freelancer in the IT sector, while talking to Independent Urdu said, “This is a good news for all of us, especially freelancers, because they have a lot of difficulty in receiving money from their clients abroad. Difficulties had to be faced. This will also have a positive impact on freelancers and the IT industry.’
He said, currently, receiving money from PayPal is a risky and risky process because this international money transfer gateway can also withhold money suspected of money laundering and third parties can escape by committing fraud. It can happen and you can’t spoil anything for anyone.’
What is Low Orbit Satellite Communication Technology?
Dr Umarsif said that there is a new innovation in the world of communication called Low Orbit Satellite Communication Technology, with the help of which services like Starlink can now provide internet and connectivity to users easily anywhere.
‘For this we had to create a new space policy which we have created. Pakistan is one of the few countries in the world where such a forward looking and balanced space policy was made, through which Sparco and Paksat can continue their work and private players can also come and provide communication services to Pakistan.
Dr Umar Saif said that ‘now due to this new space policy private companies in Pakistan who will be able to provide communication to people with the help of modern low orbit satellite technology will be able to come to Pakistan and our customers, wherever they are. , they will have internet service.’
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2024-08-28 23:34:08
