Freelancers to start receiving payments from PayPal in Feb

Caretaker Federal Minister for IT and Telecommunication Dr Umar Saif on Thursday said that under the pilot project, 10,000 freelancers would start receiving payments from Pay­Pal in February. Addressing a Tech Destination Pakistan event that featured the launch of E-Rozgar Centers in the country, he said, “In February, we are going to start the first pilot project in which 10,000 freelancers in Pakistan would be able to start receiving pay­ments through PayPal.”

The minister further men­tioned that in March, the pro­gram would be scaled up and everyone would have access to payments from PayPal and Stripe across the country. He clarified that while Pay­Pal itself is not coming to Paki­stan, an agreement has been reached where remittances would be channeled through PayPal via a third party.

Under the newly devised program, the freelancers will not need to open a PayPal ac­count. Instead, individuals outside the country will make payments from their PayPal accounts, and the funds will be promptly deposited into the freelancers’ accounts, the min­ister explained. The minister said that the government has devised a mechanism for the opening of bank accounts for freelancers. He mentioned that only freelancers would have to provide evidence that they have an account on Fiverr, Upwork, Elance, Toptal, or Crossover.

The minister added, “The IT industry would have a 50 per­cent dollar retention policy, which means that whatever you earn, you can keep 50 per­cent of that in dollars. You will get a debit card from that bank so that you can freely spend that money domestically or in­ternationally.” He highlighted that the government has al­located enough funds for the establishment of E-Rozgaar centers across the country through a public-private part­nership mode, facilitating an interest-free loan to short­listed/qualified individuals and companies. He said that the main objective behind the E-Rozgaar centers is to provide state-of-the-art infra­structure to enhance freelanc­ers’ productivity and bolster Pakistan’s digital ecosystem. Under the program, more than 250 E-Rozgaar Pakistan centers would be established through the public and private sectors. He said that the initia­tive would foster inclusivity in the digital, financial, and eco­nomic sectors by cultivating a culture of freelancing and en­trepreneurship in Pakistan.

Currently, he informed that work on almost 40 E-Rozgaar centers is in progress, and it is expected that all these E-Rozgaar centers shall be made operational by 19th February 2024. Dr. Umar Saif said that the first standardized quality test for the 75,000 information technology graduates would be conducted on January 15.

He highlighted significant decisions made to revamp IT education in collaboration with various entities, includ­ing HEC, the National Comput­ing Accreditation Council, the Examination Testing Council, the Pakistan Software Export Board, and the Pakistan Soft­ware Houses Association. Dr. Saif said students who suc­cessfully pass the test will be offered job opportunities through the Industry Place­ment Program. He added that funds will be allocated to support special industry courses in universities, aim­ing to prepare students for current industry trends and needs. He mentioned that the students would get a stipend from the government, and the companies that give them ap­prenticeships would get cash awards from the government.

At the same time, he said, the IT industry also needs highly skilled manpower, which is certified by international en­terprise platforms Google’s and Microsoft’s, Cisco’s. “So this year, we’re going to train 16,000 people. These are peo­ple who already have IT skills but need international certi­fications in technologies like Salesforce, Cisco, Microsoft, Oracle financials, etc,” he add­ed. He said the government, under the SIFC, had taken some radical steps to facilitate the IT firms, which helped in­crease IT revenue by 13 per­cent during the last month.

Federal IT Secretary Has­san Nasir Jami said within a short period, the IT ministry had introduced multiple ini­tiatives to enhance IT exports and facilitate freelancers. He said the IT ministry was com­mitted to developing an IT ecosystem and called upon entrepreneurs, students, and developers to take advantage of opportunities available.