The Ministry of Science and Technology secretary briefed the Senate Standing Committee on Science and Technology in regards to bringing these payment systems.Speaking on the occasion, Senator Mushtaq Ahmad questioned why Pakistan had no access to PayPal, adding that without such payment systems the country could not boost its trade.
Secretary IT Marrof Afzal added that there are internal issues which have stirred PayPal’s decision of refusing to come to the country. He had hared that money laundering related laws have now been tightened and there is tight scrutiny, Pakistan has done its part.
On the occasion, Senator Mohammad Ateeq Sheikh added that PayPal’s decision of not coming to Pakistan comes due to the lack of legal backing. He further enlightened the present individuals that PayPal is an internationally operating payment system however they fear the possibility of money laundering and thus refused the proposal.
Committee members also took strong notice of the absence of minister for science and technology and emphasised that if he failed to attend the next meeting, it would be called off in protest and a privilege motion would be moved.We have now to see how PTI’s policy will be able to convince the tech-giant to enter Pakistan and bring relief to one of the biggest freelance markets in the world.