ISLAMABAD -Pakistan ranked among world top 5 countries for rising freelancing market.
Payoneer facilitates thousands of organizations and millions ofprofessionals in more than 200 countries through their cross-borderpayments platform.
Since one of Payoneer’s missions is to eliminate border barriers forfreelancers across the world and it facilitates billions of dollars intransactions each year, the company has a finger on the pulse of the globalgig economy.
Recently, it launched the Global Gig-Economy Index, which is based on thedata of more than 30,000 freelancers, service providers and otherprofessionals. The report delves deep into the gig economy and providesinsights, broken down by geography and demographic trends.
The second-quarter report on the Global Gig-Economy Index for 2019showcases growth in the overall industry. Pakistan is ranked number 4 inthe list of countries which posted the highest growth in yearly revenuesand it was only outranked by the US, UK and Brazil.
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Perhaps most importantly for Pakistan is the fact that most of thecountries in the list are far more developed economies.
What makes Pakistan competitive is the sheer size of its youth population –over 70% of the people in Pakistan are under the age of 30. And the gigeconomy is where they’re turning in the absence of jobs in the marketamidst a struggling economy. Just in Q2 2018, the number of freelancers inthe country surged by 42%.
