Freelancers Can Get Transfers Without PayPal Wallet: IT minister Umar Saif

 Freelancers Can Get Transfers Without PayPal Wallet: IT minister Umar Saif

Freelancer registration process will be overseen by Software Export Council Pakistan

From News Desk

Umar Saif, the outgoing Interim Minister of IT and Telecommunications and Science and Technology, revealed on his X (formerly "Twitter") message that online freelancers will be able to accept PayPal payments from this month through a three-party arrangement without having to create a PayPal wallet.

 Freelancers Can Get Transfers Without PayPal Wallet: IT minister Umar Saif

"The aim is to enable them to receive PayPal payments from their clients abroad through a third-party digital wallet that will use an international remittance mechanism to transfer dollars to Pakistan and instantly credit the freelancer's bank account in Pakistan," he said. minister

He further explains that the new State Bank regime will allow freelancers to open bank accounts against this digital wallet, get debit cards and create dollar accounts to use their earnings freely.

The registration process for freelancers will be overseen by the Pakistan Software Export Board (PSEB) with a nominal transaction tax rate of 0.25%.

“Along with our plan to create 10,000 e-rozgaar centers, this will allow Pakistan to truly benefit from the earning potential of our online freelancers,” said Umar Saif.