The Ministry of Science and Technology secretary briefed the Senate Standing Committee on Science and Technology with reference to introducing these payment systems.
Furthermore, throughout the briefing, senator Mushtaq Ahmad questioned why our country had no access to PayPal even these modern days. He further said that without the implementation of such payment systems the country couldn’t boost its trade.
The Ministry of Science and Technology Secretary, Nasim Nawaz, briefed the committee on the update, saying:
“The policy associated with PayPal is at the advanced stage and vital development is expected within the next 2 weeks”.
He reiterated the government’s resolve to bring PayPal and alternative famous on-line payment gateways to Pakistan to facilitate the freelancers and other online business personals using such platforms for fund transfers.
He further said that the govt ought to offer a sovereign guarantee to the firm and ask them to enter the country on the premise of Public-Private Partnership to tackle their worries regarding the system.
Another issue that the committee witnessed was that the freelance sector wasn’t flourishing the method it ought to be and there’s also a scarcity of on-line cash transfer practice within the country.
We have currently to check however government’s policy are able to persuade the tech-giant to enter Pakistan and convey relief to one of the largest freelance markets within the world as well as trade.