According to reports, the Pakistan Software Export Board (PSEB) has recommended to the State Bank of Pakistan (SBP) that freelancers be permitted to open foreign currency accounts like Roshan Digital.
So, they can keep all of their international funds and swiftly transmit and receive payments.
A government organization called PSEB supports and advances Pakistan’s software export sector. PSEB has launched a number of programs to assist the nation’s freelancers and foster their professional development.
Current benefits for Freelancers and Software Export Sector by PSEB
PSEB provides benefits like:
Reduced Income Tax (0.25%)
Exporting IT and tech services generates a 0.25% tax.
Free/Subsidized Training and Certifications
Receive free or inexpensive training in cutting-edge technology and gain renown throughout the world.
Life and Health Insurance
Numerous life and health insurance programs are provided by State Life Insurance Corporation.
Visa Facilitation
Registered freelancers are eligible to apply for visas that will allow them to go overseas to attend conferences, events, competitions, and business meetings.
35% Foreign Currency Retention
You can open a foreign currency and PKR (Pakistani Rupee) account with the State Bank of Pakistan.
The amount of money you receive from selling items abroad can be kept in a foreign currency account up to 35%.
Local Exhibitions/Conferences/Seminars and Workshops
Go to PSEB’s free local events and workshops.
International Recognition
Obtain global credibility so that clients may easily demonstrate their authenticity and qualifications.
Upcoming Benefits for Freelancers
Specialized Banking Products For Freelancers
PSEB is in discussions with banks to offer specialized banking services like:
- credit cards
- Collateral-free personal and business loans
Roshan Digital and other specialized foreign currency accounts for independent contractors have been requested by PSEB to the State Bank of Pakistan. These accounts would facilitate international money transfers and allow users to keep all of their foreign currency.
Subsidized Co-Working Spaces
Offer shared workspaces at STPs nationwide to freelancers and start-up companies.
IP Whitelisting
Freelancers who have registered with the PSEB will have access to VoIP (Voice over Internet Protocol) communications.
VPN Gateway
A PSEB-run gateway is responsible for providing VPN access.
By utilizing these benefits, freelancers can improve their success and contribute to the expansion of Pakistan’s software industry.
To read our blog on “For PSEB to reach its IT export target, more resources are required,” click here.
