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Caretaker IT Minister Dr Umar Saif has confirmed the federal government’s plan to bring PayPal, Stripe to Pakistan

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Caretaker IT Minister Dr Umar Saif has confirmed the federal government’s plan to bring PayPal, Stripe to Pakistan besides establishing co-working spaces for freelancers, ARY News reported on Wednesday.

The IT Minister Dr Umar Saif made the statement after holding a meeting with Caretaker Prime Minister (PM) Anwaarul Haq Kakar. During the meeting, a comprehensive project was approved by PM Kakar for promoting the IT industry.

Dr Saif said that the IT exports could be enhanced to $10 billion if hurdles are removed. The premier directed finance, commerce, energy, State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) to hold consultations.

Dr Saif said that the IT sector would play a vital role in economic stability after the cooperation in the projects. He detailed that steps are being taken to train youths for improvement in the services sector.

Related: PayPal, Stripe, Wise coming to Pakistan?

“The government commenced working on its plan to prepare 200,000 IT professionals with the collaboration of the industry and academia. The professionals would play a role to increase IT exports by $5 billion.”

In a detailed message on X (formerly Twitter), the caretaker IT minister said that the caretaker premier approved and appreciated the plan to Launch government-backed Pakistan Venture Capital Fund to attract top-tier international VCs to Pakistan which would enable $1 Billion VC investment in startups.

He added that it has also been approved to Launch Starlink in Pakistan to improve connectivity throughout the country.

Under the plan, the government would enable active spectrum sharing, forward-looking taxation policies, regulations and incentives for the telecom industry to prepare for the upcoming 5G auction within 10 months.

“Incentives for local manufacturing and export of smart phones in Pakistan, as well as smartphone financing platform (so that people can easily get phones on monthly instalments) to enhance local demand,” he concluded.
 
Lol you only need to pass 4th grade English to know that his article and thread title is complete horse shit.

Not the first time we are being given this manjan.

You do not have an assembly in place. You need to pass specific fiscal and monetary laws from the assembly to enable Paypal and Stripe to operate. How will you do that with a caretaker govt?

Bas karo phuddu lagana sab ko haramzado.
 
View attachment 951499
Caretaker IT Minister Dr Umar Saif has confirmed the federal government’s plan to bring PayPal, Stripe to Pakistan besides establishing co-working spaces for freelancers, ARY News reported on Wednesday.

The IT Minister Dr Umar Saif made the statement after holding a meeting with Caretaker Prime Minister (PM) Anwaarul Haq Kakar. During the meeting, a comprehensive project was approved by PM Kakar for promoting the IT industry.

Dr Saif said that the IT exports could be enhanced to $10 billion if hurdles are removed. The premier directed finance, commerce, energy, State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) to hold consultations.

Dr Saif said that the IT sector would play a vital role in economic stability after the cooperation in the projects. He detailed that steps are being taken to train youths for improvement in the services sector.

Related: PayPal, Stripe, Wise coming to Pakistan?

“The government commenced working on its plan to prepare 200,000 IT professionals with the collaboration of the industry and academia. The professionals would play a role to increase IT exports by $5 billion.”

In a detailed message on X (formerly Twitter), the caretaker IT minister said that the caretaker premier approved and appreciated the plan to Launch government-backed Pakistan Venture Capital Fund to attract top-tier international VCs to Pakistan which would enable $1 Billion VC investment in startups.

He added that it has also been approved to Launch Starlink in Pakistan to improve connectivity throughout the country.

Under the plan, the government would enable active spectrum sharing, forward-looking taxation policies, regulations and incentives for the telecom industry to prepare for the upcoming 5G auction within 10 months.

“Incentives for local manufacturing and export of smart phones in Pakistan, as well as smartphone financing platform (so that people can easily get phones on monthly instalments) to enhance local demand,” he concluded.


It's just a stupid PLAN!

I plan to become a Billionaire next year... It's just a stupid PLAN!
 
PayPal has been out of Pakistan for more than 2 decades now. We could have made our own international payment system during this time.
 
View attachment 951499
Caretaker IT Minister Dr Umar Saif has confirmed the federal government’s plan to bring PayPal, Stripe to Pakistan besides establishing co-working spaces for freelancers, ARY News reported on Wednesday.

The IT Minister Dr Umar Saif made the statement after holding a meeting with Caretaker Prime Minister (PM) Anwaarul Haq Kakar. During the meeting, a comprehensive project was approved by PM Kakar for promoting the IT industry.

Dr Saif said that the IT exports could be enhanced to $10 billion if hurdles are removed. The premier directed finance, commerce, energy, State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) to hold consultations.

Dr Saif said that the IT sector would play a vital role in economic stability after the cooperation in the projects. He detailed that steps are being taken to train youths for improvement in the services sector.

Related: PayPal, Stripe, Wise coming to Pakistan?

“The government commenced working on its plan to prepare 200,000 IT professionals with the collaboration of the industry and academia. The professionals would play a role to increase IT exports by $5 billion.”

In a detailed message on X (formerly Twitter), the caretaker IT minister said that the caretaker premier approved and appreciated the plan to Launch government-backed Pakistan Venture Capital Fund to attract top-tier international VCs to Pakistan which would enable $1 Billion VC investment in startups.

He added that it has also been approved to Launch Starlink in Pakistan to improve connectivity throughout the country.

Under the plan, the government would enable active spectrum sharing, forward-looking taxation policies, regulations and incentives for the telecom industry to prepare for the upcoming 5G auction within 10 months.

“Incentives for local manufacturing and export of smart phones in Pakistan, as well as smartphone financing platform (so that people can easily get phones on monthly instalments) to enhance local demand,” he concluded.

What do you mean confirmed? A plan doesn't mean confirmation.
 
Changed thread name. Silly to suggest the arrival is confirmed when the caretaker government has only made a plan.
 
They just pull figures of $5 billion, $10 billion out of nowhere without any plan for it.
 
1960's dictator launched a fire cracker rocket up in air claimed Pakistan was USA partner in space race , but never happened

1977 Dictator got some 30 F16 he thought he can get 300 F-16 but never happened

2021 Dictator thought he will get billions if he will topple Government no billions came


In between we heard stories like
> Riqo Diq mineral mines will make Pakistan rich like Saudia nothing happened
> Coal mines in Pakistan can fuel pakistan for 400 years (we are still same place)
> Sui Gas is gift from allah , we wasted it all
> Electricity indepdence , cough cough ...paying high electricity bills


Allah keeps giving us gifts , but we the thankless country and our dictators keep wasting it all
 
More lies and deception from the fraudster that is Umar Saif.

He was caught lying with his pants down just this week when he said the Nokia CEO would be visiting Pakistan and that was rebutted:

Even if the news is true, Nokia is a small company nowadays and their visit is not big news even for a country like Pakistan.
 
1960's dictator launched a fire cracker rocket up in air claimed Pakistan was USA partner in space race , but never happened

1977 Dictator got some 30 F16 he thought he can get 300 F-16 but never happened

2021 Dictator thought he will get billions if he will topple Government no billions came


In between we heard stories like
> Riqo Diq mineral mines will make Pakistan rich like Saudia nothing happened
> Coal mines in Pakistan can fuel pakistan for 400 years (we are still same place)
> Sui Gas is gift from allah , we wasted it all
> Electricity indepdence , cough cough ...paying high electricity bills


Allah keeps giving us gifts , but we the thankless country and our dictators keep wasting it all
Pakistanis are excellent con artists. They are the masters at selling pipe dreams, illusions, false hope to people. CPEC, Gwadar, SIFC are all fancy real estate scams for the army to make new DHA and sell them to unsuspecting people.
 

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