Skip to main content

Digital Pakistan-A huge milestone by Government of Pakistan in Freelancing Industry

Freelancing is increasing in Pakistan with the ever-growing unemployment and the blooming trend of being you own boss. However, in Pakistan, Freelancers are paid less as compared to other countries. State Bank has increased Freelancers payment limit for freelance services in Information technology sector. The payment increased is five times of the present payment.


SBP has issued a notice, yesterday in which the bank revealed that this decision is made in order to enhance the overall scope of the business through freelancing. Previously, the payment for freelance IT services was $5,000 which is not increased to $25,000 per month.



By increasing this payments, SBP foresee that freelancers will become economically sound while foreign exchange flows in the country will also be improved. In this way Freelancers will be able to expand their business and will also be able to hire other individuals for the services.

Well this is a big news for freelancers and people who are planning to shift to freelancing. Furthermore this move will also bring economical stability to the nation and will attract more people to stop doing regular 9 to 5 job and instead move to freelancing where one has freedom to work whenever they want.

Comments

Popular posts from this blog

Is Corona Virus a Patent Virus?

The Corona virus was created/produced in the UK laboratory, registered in the United States, and then routed to Wuhan's laboratory by Air Canada flight from the Canadian Laboratory. According to research, the use of the Corona Virus as a biological weapon was initiated by the Pirbright Institute in England. Bill  Melinda Gates Foundation provide funds for this project. The Corna Virus was regularly patented by the Johns Hopkins Bloomberg School of Public Health  in the United States. Its patent number was 10,10,701. The patent was terminated as soon as the first case was discovered in the United States in January.  US-based Center for Disease Control and Prevention was conducted a practice in New York on October 18, 2019. The exercise was organized by the Bill & Melinda Gates Foundation, John Hopkins Center for Health Security in partnership with the World Economic Forum. The exercise, which was attended by parliamentarians, business leaders and health profes...

State Bank of Pakistan has reduced the time of clearing Cheque in the wake of COVID-19

Clearing cheques has always been a headache, will not any more! 1. Simply walk in the paying bank. 2. Present the crossed cheque at the counter. 3. Provide your account details. 4. Get the funds transferred into your account. Clearing time reduced from 48 hours to under 3 minutes. Facilitation regarding Paper-based Clearing Operations in the wake of COVID-19 To combat the potential spread of COVID-19 pandemic by limiting person-to-person interactions and to provide ease of services to the customers, Banks/MFBs are allowed to provide the following services to their customers: Direct Cheque Deposit Facility under which: A crossed cheque may be presented by payee/beneficiary directly into the paying/drawee bank, instead of their bank branches as per the existing practice. In this case, funds may be transferred by the paying/drawee bank either through RTGS customer fund transfer - MT102 or Over the Counter (OTC) IBFT or Ban...