Times of Islamabad

Pakistan beats India in the freelancing services to clinch spot in top 5 nations

Pakistan beats India in the freelancing services to clinch spot in top 5 nations

*ISLAMABAD – Pakistani youth has propelled the country among the topdestinations offering freelancing services, after Pakistan was placed atfourth spot, well above India and Bangladesh with 47 percent growth infreelance revenue in a recently released report by Payoneer.*

As per Payoneer’s report The Global Gig-Economy Index for Q2 2019, the 42percent increase in Pakistani freelancers since Q2 2018 was fueled byseveral factors, most notably a very young population, 70pc of which areunder the age of 30.

“Government investment in enhancing digital skills has helped create askilled freelance workforce, while blanket 4G coverage across Pakistan hasgiven freelancers unprecedented access to international jobs,” said MohsinMuzaffer, Payoneer, Head of Pakistani Business Development, Payoneer.

The report pointed out that a more technically-oriented education hashelped Pakistan youth participate in the gig economy. “This investment inthe younger generation appears to be paying off,” said the report, afterPakistani freelancers younger than 35 generated 77pc of revenues in Q2.

The list was topped by the United States with a 78pc year over year revenuegrowth, with UK and Brazil claiming the second and third sport, with Yearon Year revenue growth of 59pc and 48pc, respectively.

Meanwhile, fellow South Asian neighbors India and Bangladesh were also notfar behind, as the two grabbed the seventh and eighth rank, with 29pc and27pc revenue growth, respectively.