Govt set to make major breakthrough regarding introducing PayPal in Pakistan
The worries of online workers, businessmen, service providers and customers are soon going to be over as the federal government has started working in bringing the online payment’s giant company, PayPal, in Pakistan.
Those who have to deal with overseas companies and people through internet often find it hard when it comes to transaction of money from international clients.
In absence of the most sought after payment gateway, they look for less desirable payment methods.
To end this trouble, the government has formed a parliamentary panel to make efforts regarding introducing not just PayPal but other online payment services as well in the country. This was decided by the Pakistan’s first e-commerce policy framework, which was approved by the federal cabinet last week.
In the first e-commerce policy, the government has targeted to shift the cash-on-delivery payment method to digital payments in 10 years from September 2022 of payments equal to or higher than Rs10, 000.
The Senate Standing Committee on Science and Technology has said that it will make a big announcement regarding PayPal in two weeks.
According to the study revealed by Google, PayPal would be a potential source of revenue for the country with evolution of e-commerce.
The Senate committee which will look after the matters with PayPal include Senator Mushtaq Ahmed Khan, Senator Gul Bashra, Senator Syed Muhammad Sabir Shah, Senator Sassui Palijo Senator Dr Sikandar Mandhro, Senator Hidayatullah, Senator Muhammad Asad Ali Khan Junejo, and senior officers from COMSATS University and Ministry of Science and Technology.
Earlier this year, PayPal had reportedly refused to launch its service in Pakistan, when the PTI government had tried. The Ministry of Information Technology Secretary Maroof Afzal had told the Senate Standing Committee on IT that PayPal did not want to come to the country for it was afraid that its interests could not be protected here.