PayPal is set to establish its presence in Pakistan through a strategic partnership with an existing international payment gateway, catering to freelancers and IT professionals. The move comes after persistent efforts by previous governments to convince PayPal to operate in Pakistan, which faced resistance citing security concerns. The IT Ministry has undertaken various initiatives, including providing smartphones through instalment plans, standardised quality tests for IT graduates, and approval of the National Space Policy. Saif expressed confidence in launching 5G services in Pakistan by July 2024, with a spectrum auction offering 300 MHz. The National Space Policy has been approved to enable companies to use low-orbit satellites for communication services.

Source: The Express Tribune January 06, 2024 15:34 UTC