Pakistan has (once again) said that it’s working aggressively on legislation to pave the way for international payment gateways, such as Paypal and AliPay, to enter the local market.
This time around, Khurram Dastgir Khan, Commerce Minister, claimed that government of Pakistan — under the supervision of State Bank of Pakistan — is working on streamlining the processes that will enable international payment gateways to start offering services in Pakistan very soon.
Timeline for this, however, was not communicated.
Mr. Dastgir, who was in China recently with Mr. Nawaz Sharif, Prime Minister of Pakistan, when they visited Alibaba group headquarters, said that government is moving in the right direction to digitize the economy of the country and hoped that PayPal and other payment gateways would be in Pakistan very soon.
It must be mentioned here that this is not the first time a minister has promised the entry of PayPal and other payment gateways but since you never know, it is hoped that international payment gateways will finally come to Pakistan.
Anusha’s Promise of Paypal, Amazon & Ebay in Pakistan Still A Distant Dream
It maybe recalled here that Pakistan is ranked fourth in the world for number of freelancers in the world, however, they are left with no option but to use either illegal or very expensive means of getting paid from foreign clients.
With arrival of PayPal, this will change and Pakistani freelancers will be able to get funds for the work they do for international clients with just few clicks.
Freelancers have been demanding the government to pave way for PayPal for over 10 years now, however, it’s apparently only now that they have realized the validity of the request and finally a good outcome is anticipated.