PayPal likely to make entry into Pakistan

PayPal likely to make entry into Pakistan

ISLAMABAD - Finance Minister Asad Umar on Monday revealed the PayPal's entry into the Pakistani market.

He claimed that Federal government is actually "chasing" the online payments giant.

Umar, while speaking at the Chamber of Commerce and Industry in Peshawar, was asked if his ministry or any other federal institution was against PayPal expanding its operations into Pakistan.

"What you've been told about PayPal is completely wrong," the finance minister told the reporter who had raised the query.

"PayPal is neither stuck at my desk, nor the State Bank, nor any other government institution. The situation is actually reverse. We are [actually] chasing PayPal. I took this even though this issue is not directly related to me," he said.