Pakistan’s Ministry of IT and Telecom is setting its sights on making the country a major player in the global freelance market. The National Freelancing Facilitation Policy, currently awaiting government approval, outlines a detailed strategy to achieve this goal.
Developed through collaboration with relevant stakeholders, the policy aims to connect Pakistani freelancers with international projects and clients. A robust marketing and promotional strategy will be key in achieving this. Financial incentives include tax breaks and access to low-interest loans to boost the sector. The ultimate goal is to have one million active freelancers earning an average of $5,000 annually, potentially generating $5 billion in export revenue.
Building a supportive ecosystem is another key component of the plan. The policy proposes a dedicated online portal for freelancer registration, interaction with markets and regulatory bodies. A transparent governance model ensures smooth operations, while digital banking and e-payments streamline financial transactions.
Developing a digitally skilled workforce is a major focus. Training programs will be offered to enhance freelancer capabilities. Special efforts target underserved areas in Balochistan to promote inclusivity across the country.
The policy goes beyond just training and financial incentives. Establishing facilitation desks for freelancers, visa simplification, and dedicated digital banking channels are all part of the plan. Technology business branches in major cities are proposed to provide further support. Collaborations between the Pakistan Software Export Board (PSEB) and relevant organizations will facilitate subsidized loans, insurance coverage, and training initiatives.
Extending the income tax holiday for registered freelancers until 2030 is another attractive feature. Additionally, the policy seeks to streamline inward foreign exchange remittances with tax-exempt codes. Freelancers may even be able to open foreign exchange bank accounts, allowing them to retain a significant portion of their earnings in these accounts.
The PSEB will work with the Ministry of Finance and the Federal Board of Revenue to ensure tax-exempt status for these remittances until 2030. With this comprehensive plan and collaborative approach, Pakistan aims to solidify its position as a global leader in the freelance market.
