The BOP Freelancer Segment and Credit Card was launched by Prime Minister Shehbaz Sharif to boost economic growth in Pakistan. The initiative was introduced at a cheque distribution ceremony for the Prime Minister’s Youth Business and Agriculture Loan Scheme. Bank of Punjab (BOP) CEO, Zafar Masud, stated that Pakistan has about 3 million freelancers who contributed $400 million to the country’s IT export remittances in the fiscal year 2022.
Masud believes that freelancers hold a potential worth billions of dollars and that the new scheme will unlock it. The BOP Freelancer Segment and Credit Card allows freelancers and IT professionals to open Freelancer Digital Accounts in Pakistani Rupee (PKR) and US Dollar (USD). They can officially receive foreign remittances and obtain enhanced credit and debit limits up to $5,000 per month and $30,000 per year.
The government and banking sector support the significant initiative of the BOP Freelancer Segment and Credit Card. Freelancers will receive significant financial access to enable them to receive payments quickly and easily from foreign clients. This initiative will also attract foreign exchange and encourage more freelancers to operate in Pakistan.
The BOP Freelancer Segment and Credit Card is essential for enhancing financial access for freelancers in Pakistan. It will unlock their potential worth billions of dollars and drive economic growth in the country. With the government and banking sector’s support, this initiative will create more jobs and drive economic growth in Pakistan.
Conclusion
The BOP Freelancer Segment and Credit Card is an essential initiative to enhance financial access. This will help freelancers in Pakistan and attract foreign exchange. Freelancers can open Freelancer Digital Accounts in PKR and USD. Plus they can officially receive foreign remittances. Furthermore they can obtain enhanced credit and debit limits up to $5,000 per month and $30,000 per year. With the government and banking sector’s support, this initiative will unlock the freelancers’ potential worth billions of dollars. This will also and drive economic growth in Pakistan.
