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HomeBusinessState Bank of Pakistan allow freelancers to get up to $5,000 in...

State Bank of Pakistan allow freelancers to get up to $5,000 in payments per month

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Press Release – The State Bank of Pakistan (SBP) has apparently devised a strategy to receive additional workers’ remittances of at least $1.2 billion per year, as it has allowed freelancers to receive foreign payments of up to $5,000 per individual per month.

Earlier, the limit for such inward foreign payment was capped at $1,500 per individual per month for freelancers providing services in computer and information systems and other services to their clients abroad.

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“The freelancers receive on an average $1.2 billion per year,” Forex Association of Pakistan (FAP) President Malik Bostan estimated while talking to The Express Tribune.

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