Govt Eyes Bringing PayPal and Creating Other Payment Methods to Enhance IT Export Remittances

Federal Minister for Finance and Revenue Muhammad Aurangzeb chaired a high-level meeting of the Prime Minister’s Committee on IT Export Remittances at the Finance Division today to explore ways for boosting the flow of IT export remittances, which are crucial for Pakistan’s economic growth and digital economy. Participants explored leveraging the Roshan Digital Account to facilitate international remittances for IT companies and freelancers. The discussion stressed the urgent need for access to global payment gateways like PayPal and the creation of similar payment solutions at home to empower IT professionals and freelancers and enhance Pakistan’s global competitiveness. Discussions also emphasized the need for simplified procedures, consistent tax exemptions for freelancers, and addressing issues related to remote workers classification and small IT firms to create a more favorable environment for IT businesses to remit their earnings back into the country.