Pak freelancers’ earnings may reach USD2.5bn in current fiscal year
KARACHI: Pakistan’s freelancing market is rapidly emerging, and the export earnings of Pakistani freelancers are expected to exceed USD2.5 billion during the current fiscal year, according to Ibrahim Amin, founder and chairman of the Pakistan Freelancers Association (PAFLA). According to Ibrahim Amin, Pakistan has emerged as the fourth-largest emerging freelancing market in the world. During the…
Karachi has seen a burgeoning freelancing industry in Pakistan, with export earnings from freelancers projected to surpass USD2.5 billion in the current fiscal year, according to Ibrahim Amin. Amin is the founder and chairman of the Pakistan Freelancers Association (PAFLA). Pakistan now ranks as the fourth-largest emerging freelancing market globally.
In the previous fiscal year, Pakistani freelancers generated USD1.76 billion in export earnings. In the first month of the current fiscal year, they earned an additional USD175 million. Amin urged the government to exempt active educational platforms on YouTube from a 5% tax or reduce the rate to 1%. He argued that entertainment and educational platforms should not be placed in the same category.
Amin also mentioned that the number of Pakistani freelancers has crossed 3 million. He believes that supportive government policies could further increase this number, thereby boosting Pakistan's IT services export earnings. An event to celebrate the accomplishments of Pakistani freelancers will be held at the Governor House in Karachi on August 29.
Federal Minister for Information Technology and Telecommunications, Shaza Fatima Khawaja, will attend the event to show her support and appreciation for Pakistani freelancers.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
