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     > Posts tagged "Freelancing in Pakistan"

    The Ministry of Information Technology and Telecommunication is poised to transform Pakistan's freelancing landscape with the unveiling of the "National Freelancing Policy." By making Pakistan a global leader in freelancing, this forward-thinking initiative hopes to increase exports and the country's foreign exchange revenues. The policy provides a number of initiatives aimed at empowering this dynamic workforce in an effort to encourage and support registered freelancers. Tax Incentives: Boosting Pakistan's Freelance Industry The establishment of a reduced sales tax rate, not to exceed 2 percent, for local service revenue produced by independent contractors registered with the Pakistan Software Export Board (PSEB) is one of the main aspects of this programme. It is pertinent to state that this tax break aims to lessen the financial strain on independent contractors and propel the expansion of this rising industry. The strategy expects cooperation between PSEB and the State Bank of Pakistan (SBP) to streamline inward foreign exchange remittances from