pakistan freelance tech exports may generate $10 billion
Published on: October 29, 2023.
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Pakistan Aims to Boost Technology Service Exports with PayPal and 5G Implementation
Pakistan has set its sights on increasing its technology service exports to other countries with the help of PayPal and the implementation of 5G technology. Dr. Umar Saif, Pakistan’s Interim Federal Minister for IT and Telecommunication, is leading this initiative, which aims to generate an annual revenue of $10 billion by empowering one million freelancers to earn approximately $30 per day.
To support this ambitious goal, the government plans to provide financial assistance and shared workspaces to freelancers within the next two to three months. Additionally, Pakistan is currently in discussions with PayPal to simplify payment methods for freelancers, which will contribute to the ease of doing business for this sector. The implementation of 5G technology is also on the horizon, with a target time frame of approximately eight months.
Presently, Pakistan’s tech sector generates around $2.5 billion in annual revenue through the export of services to international markets. However, the government aims to significantly increase this figure and believes that strategic investments and collaborative workspaces within the private sector are crucial to achieving this goal. The success of this initiative has the potential to boost Pakistan’s economy in a substantial way.
This move represents Pakistan’s commitment to harnessing the power of technology and facilitating its freelancers in competing globally. By providing a conducive environment for freelancers and improving payment methods, Pakistan is positioning itself as a favorable destination for freelancers and technology-based services.
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