Govt to Invite PayPal to Pakistan Next Week

The new government is going to initiate efforts to bring PayPal — an American company operating a worldwide online payment system to provide online payment solutions — to Pakistan.

An official source told ProPakistani that Prime Minister (PM) Shehbaz Sharif will attend the annual meeting of the World Economic Forum in Davos, Switzerland next week where he will meet global leaders, the CEOs of energy sectors, and commerce delegations. He will also meet with PayPal representatives and invite the company to launch its services in Pakistan.

They added that the Ministries of Finance and the Ministry of Information Technology and Telecommunication (MoITT) are researching the endeavor and the meeting will also be attended by the representatives of at least one of the ministries.

During the meeting of the Cabinet today, PM Sharif sought a briefing from the MoITT on the reforms in the IT sector and the reasons why PayPal has not been brought to Pakistan.

Attempts had been made in 2015 and 2019 to bring the global online payment giant to Pakistan but it had refused. PayPal’s major concern for entering the Pakistani market is the long list of regulatory restrictions by the State Bank of Pakistan (SBP) and the complicated three-step approval process.

Sources stated that Pakistan being on the FATF gray list is also among these problems. International electronic payment service providers have to comply with strict regulations for customers due to FATF and avoid money laundering or the SBP can cancel their licenses.

  • Aghar yeh Govt. lekar agahi to Salaam hai! but aise hi yeh youth ko choona lagha rahe hein :D

  • Ghanta.. as if Pierre Omidyar doesnt know what’s happening in Pakistan. Account mein paisay hain nahe, Paypal layein gy. I’m sure next week the statement will be; “We request the establishment to help us in bringing paypal to pakistan”.

  • chalo ye kaam to acha hua paypal pakistan mai aa jata hai tu bohat achi baat hai

  • Citing sanctions on russia and how the American business community haphazardly acted, there is a risk that PayPal accounts of Pakistani citizens may be seized or blocked at will and without any warning.

  • Pichli dafa Asad Ummar PayPal la raha tha, Lolz
    Pahly FATF se to nikalo mulk ko..

  • They want more corruption and for that they will use this platform as well.

  • Choran hy.. jab le yebgy Tb Baat krna.. jab ye aye thy rb bhi ik din k liye stock market achi hogai thi us k Baad badtareen hogai hy

  • Choran hy.. jab PayPal le Ayengy Tab Baat krna.. ye laa hi nhi payengy q k ghulam brdy fesly nhi krskty jab ye aye thy rb bhi ik din k liye stock market achi hogai thi us k Baad badtareen hogai hy

  • مولانا مسلم لیگ بھٹو
    اناللہ وانا الیہ راجعون
    Next week inka janaza prha jaye ga phr bad mn PayPal b ajye ga don’t worry

  • PayPal Pakistan Q ni a ra?? Qk CEO khta ha wahan money laundering bht zyada ha . Fraud scam zyada han. Heavy corruption ki wajaa sa wo PayPal service provide nhi kr rhy tu ap corrupt government sa umeed kr rhy han hahahaha. Ya tu wahe bat hwi na thaaany sa choori ho gy🤣🤣🤣🤣🤣🤣

  • Good Shahbaz sahib. This is the step in the right direction. China k Steave Job Mr. Asad Umar say to hua ni tha ya. bri char mah ke deadlines d theen. Ap say he bs hope hay. Youthio ke bato pay dayhan na do. State bank ko kaho apni regulation nrm kray. Inshallah bayhtari ho g.

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