Government in talks to bring payment gateways like PayPal & others to Pakistan

Government of Pakistan has once again held talks with PayPal to launch its services in the country. This was revealed by the officials during a meeting of the Senate Standing Committee on Commerce.

The members were apprised of the country’s first-ever National e-Commerce Council. The officials also informed the committee about Pakistan’s e-commerce potential .

Senator Shaukat Tarin claimed that Pakistani freelancers have parked $3-4 billion abroad and are reluctant to bring this money into the country due to high taxes. He proposed to exempt the IT sector from paying taxes for a period of 10 years to encourage it.

Senator Tarin added that freelancers should be allowed to open 100 per cent foreign currency accounts.

Deputy Chairman Senate Mirza Afridi stressed on the need to bring payment gateways like PayPal to Pakistan. The officials informed him that they have held talks with PayPal as well as other international payment gateways.

They informed the committee that they are trying their best to start this service in Pakistan as soon as possible. “Payments are currently made through a payment gateway linked to PayPal on Amazon”, the officials added.

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