Pakistan’s International Payment Gateway Establishment on the Cards

pakistan

Pakistan’s government is working to establish an international payment gateway. The government is working with a foreign payment provider to establish its own payment system that will be pre-integrated with Paypal, Visa, MasterCard, and Alipay.

The government revealed this during a meeting. The meeting was chaired by the Advisor to Prime Minister on Commerce, Textile, Industry and Production & Investment. E-Commerce Policy implementation was discussed. The key stakeholders will be from the public and the private sector.

Different problems were focused in the meeting regarding the private sector in e-Commerce.

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Senior officers from the National Information Technology Board (NITB) Federal Board of Revenue (FBR) State Bank of Pakistan (SBP) Pakistan Software Houses Association ([email protected]) Habib Bank Limited (HBL) and leading e-Commerce Platforms from the private sector were attendees in the meeting.

As per the adviser, the private sector can be given credit as the growth engine in every economy. The adviser said that the government wants to facilitate the sector by removing all the blockages.  

The aim of the policy was to generate employment opportunities and given empowerment to the youth and SMEs. There will be a special focus on female entrepreneurs. They will be connected to the global e-commerce platforms. Ultimately this will lead to the enhancement of exports in Pakistan.

Four important issues that were discussed in the meeting included the progress on establishing a global payment gateway in the country, ease of doing business with reference to the e-commerce industry, taxation on the e-commerce, rescheduling the launch date of the e-commerce policy from 23rd December 2019 to the third week of January 2020.

CEO NITB said that his team is working on an appropriate arrangement to engage a foreign country to develop an international payment gateway of Pakistan.

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