ISLAMABAD – The online payments giant, PayPal is not coming to Pakistandespite the robust efforts by the PTI government during last few months toconvince the US company to introduce its services in the country.
The Ministry of Information Technology Secretary, Maroof Afzal has recentlyrevealed to the Senate Standing Committee on IT that PayPal is afraid tocome to Pakistan because there are no regulations to protect the company’sinterests.
The Senate committee held a meeting for the briefing on the IT ministry’sUniversal Service Fund (USF), where the IT secretary told the reason ofPayPal’s refusal to launch its services in Pakistan and said that thecompany “did not decline because it has issues operating in Pakistan.
Their internal working is such that they are not ready to introduceservices in Pakistan.”
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Since the PTI government took charge, it has been working hard to bringfinancial service to Pakistan and even the former Finance Minister, AsadUmar was chasing PayPal as he considered the company a fantastic source ofemployment for young freelancers.
Meanwhile, the Senate committee that was recently informed about PayPal’srefusal was chaired by Ms. Rubina Khalid. Although this matter was not onthe meeting’s agenda, committee members were quite interested to ask the ITministry about the PayPal matter.
