ISLAMABAD – PayPal has finally reveals whether it’s coming to Pakistan orNot?
Federal Minister for Information Technology and Telecommunication Dr.Khalid Maqbool Siddiqui on Thursday revealed that PayPal is not coming toPakistan.
The government is still in touch with PayPal as well as looking for otheralternatives, said the minister while briefing the Senate StandingCommittee on Information Technology and Telecommunication.
The committee meeting was chaired by Ms. Rubina Khalid here on Thursday.
Secretary IT Marrof Afzal said that internal issues of PayPal were thereason behind the refusal for the company from coming to Pakistan. He saidthat security and anti-money laundering related laws have been tightenedand there is no issue on Pakistan’s part now.
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Senator Mohammad Ateeq Sheikh said that the company is not coming toPakistan due to lack of legal backing.
He further said that PayPal is operating worldwide, and a Pakistanidirector who is working in the company wants to bring it to Pakistan.However, fearing the entry of money laundering in the system in Pakistan,the company has refused to come to Pakistan.
