ISLAMABAD -Pakistan ranked among world top 5 countries for rising free lancing market.
Payoneer facilitates thousands of organizations and millions of professionals in more than 200 countries through their cross-border payments platform.
Since one of Payoneer’s missions is to eliminate border barriers for freelancers across the world and it facilitates billions of dollars in transactions each year, the company has a finger on the pulse of the global gig economy.
Recently, it launched the Global Gig-Economy Index, which is based on the data of more than 30,000 freelancers, service providers and other professionals. The report delves deep into the gig economy and provides insights, broken down by geography and demographic trends.
The second-quarter report on the Global Gig-Economy Index for 2019 showcases growth in the overall industry. Pakistan is ranked number 4 in the list of countries which posted the highest growth in yearly revenues and it was only outranked by the US, UK and Brazil.
Perhaps most importantly for Pakistan is the fact that most of the countries 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 gig economy is where they’re turning in the absence of jobs in the market amidst a struggling economy. Just in Q2 2018, the number of freelancers in the country surged by 42%.