Advertisement

Good News for Freelancers regarding PayPal

  • Web Desk
  • Share

PayPal

PayPal penalized by New York for cybersecurity failures

Advertisement

Caretaker Federal Minister for Information Technology Umar Saif claimed, “Pakistan online freelancers will be able to receive PayPal remittances starting this month through a tri-party arrangement without needing to create a PayPal wallet.”

The IT minister shared this in his new message on twitter on Saturday and said, “The goal is to enable them [Pakistani online freelancers] to accept PayPal payments from their clients abroad through a third-party digital wallet, which will use an international remittance device to remit the dollars to Pakistan, and immediately credit the freelancer’s bank account in Pakistan.

Also Read

PayPal enters Pakistani market through strategic partnership

ISLAMABAD: PayPal is gearing up to make a significant entry into Pakistan...

He further said, “Statebank’s new regime will allow freelancers to open bank account against this digital wallet, get debit cards and create dollar accounts so that they freely use their earnings. Freelancers will be able to register with PSEB and will only have to pay a nominal 0.25% tax.”

The minister added, “Along with our plan to creat 10,000 e-rozgaar centers, this will enable Pakistan to truly benefit from earning potential of our online freelancers.”—NNI

Advertisement

 

 

 

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
K-Electric’s inefficiency triggers severe water crisis in Karachi; major pumping stations crippled
Karachi to remain hot and dry as winter slowly approaches, AQI remains a concern in Punjab
Torkham border reopens after 20 days for deportation of illegal Afghan nationals
Faisal Kapadia's Bollywood connection with Dimple Kapadia revealed
PMD predicts dry weather across Pakistan
Petrol price rises by Rs2.43 to Rs265.45 per litre
Next Article
Exit mobile version