#SIFC

SIFC Brings PayPal to Pakistan’s Freelancers

SIFC Marks 2nd Anniversary with Landmark PayPal Launch for Pakistani Freelancers
SIFC Marks 2nd Anniversary with Landmark PayPal Launch for Pakistani Freelancers 1000 658 D. I. Khan New City

The Special Investment Facilitation Council (SIFC) has completed its second year with a major achievement for Pakistan’s digital economy. It has officially launched PayPal services for freelancers in Pakistan — a long-awaited move that makes international payments easier and faster.

With more than 1.5 million freelancers working in the country, this step will help improve online payments and financial access for many.

How the New PayPal System Works

This new PayPal service for freelancers started as a trial earlier this year. It allows 10,000 freelancers to receive payments from international clients through an approved partner. There’s no need to open a PayPal account.

Freelancers now get their payments directly into local bank accounts. This makes the process simpler, quicker, and more reliable for Pakistan’s freelance workers.

More Support for Freelancers and IT Companies

Besides PayPal, SIFC has made other big moves to help Pakistan’s digital sector grow:

  • 43 IT Parks opened across the country, with modern offices for startups, tech companies, and freelancers. New centers are also coming soon in Islamabad and Karachi.

  • Over 10,000 E-Rozgar centers set up, designed to train and support 50,000 freelancers every year.

  • Global tech giants like Google, Microsoft, and Cisco have increased their investments in Pakistan’s IT and telecom sectors. This has helped push IT exports beyond $3.2 billion.

Better Payment Options for International Business

The government has also introduced special foreign currency bank accounts for freelancers and IT companies. These accounts, along with a 50% dollar retention policy, allow people to save half of their international earnings in foreign currency.

A five-year technology partnership with China is also in progress. This deal focuses on skills training, industrial upgrades, and growing Pakistan’s tech industry.

Why This Matters for Pakistan’s Digital Future

The launch of PayPal for freelancers isn’t just about money transfers — it’s a smart, forward-thinking move. It shows Pakistan is serious about becoming a strong player in the global digital economy.

With a fast-growing freelance community, better infrastructure, and rising global investment, Pakistan is ready to compete and grow in the digital world.

Conclusion:

As SIFC’s second year wraps up, projects like PayPal services, new IT parks, and E-Rozgar centers are helping Pakistan’s digital economy thrive. These changes will help freelancers, IT businesses, and the entire country succeed in the growing online market.

Pakistan is no longer catching up — it’s leading the way in digital growth.

Pakistan Achieves Record-Breaking $4 Billion in Rice Exports in 2024

Pakistan Achieves Record-Breaking $4 Billion in Rice Exports in 2024
Pakistan Achieves Record-Breaking $4 Billion in Rice Exports in 2024 1360 930 D. I. Khan New City

For the first time ever, Pakistan reached an important goal by exporting $4 billion worth of rice in 2024. This big accomplishment shows how strong Pakistan’s farming industry is becoming, with rice—especially the famous basmati kind—leading the way. The Special Investment Facilitation Council (SIFC) was very important in making this happen, by encouraging new farming methods and more investments in agriculture.

The Role of Pakistan’s Basmati Rice in the Global Market

Pakistan’s basmati rice has always been famous for its high quality, which makes it very popular in other countries. This rice is known for its special smell and long grains, and it’s used in many kitchens around the world. Because of this growing demand, Pakistan’s rice industry has grown a lot, helping the country become a big player in international trade.
In 2024, the increase in rice exports was mostly because more people wanted Pakistan’s basmati rice. By working on better seeds, farming methods, and new research, the country was able to produce more rice.

SIFC’s Role in Agricultural Growth

The Special Investment Facilitation Council (SIFC) has played a key role in Pakistan’s successful agriculture sector. By helping with investments and creating opportunities for farmers, the SIFC has increased crop production and improved the quality of the crops. This has allowed Pakistan to meet growing international demand while also making its own agriculture sector stronger.
Shahjahan Malik, who used to lead the Rice Exporters Association of Pakistan, is very positive about this success. He thinks that reaching $4 billion in exports is just the start, and there’s potential for even more success in the future. Malik has set a big goal of $5 billion in rice exports for next year. He believes this can be achieved by researching better seeds and encouraging better farming methods.

The Road Ahead: $5 Billion in Rice Exports

To reach the goal of exporting $5 billion worth of rice, Pakistan needs to keep working on new and better ways to farm that also help the environment. This includes supporting research for better seed types, improving farming equipment, and teaching farmers how to grow rice more effectively. With the world wanting more of Pakistan’s rice, the country is in a good place to meet this need and sell even more of its farm products.

Conclusion: A Bright Future for Pakistan’s Rice Industry

Pakistan’s success in exporting rice shows how important innovation, investment, and smart planning can be. Thanks to the work of the SIFC and the constant demand for high-quality basmati rice, Pakistan is moving towards even bigger achievements. With a goal of reaching $5 billion in rice exports, the future of Pakistan’s farming industry looks very promising.

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