SBP has stated it’s ready to facilitate PayPal’s entry into Pakistan, pending the company’s decision. The move could ease global payments for freelancers and exporters, supporting the country’s digital economy aspirations.
PayPal Pakistan, SBP fintech support, freelance payments
The State Bank of Pakistan (SBP) has expressed its willingness to support the launch of PayPal in the country—a move that could significantly boost Pakistan’s freelance and digital economy sectors.
During a recent briefing, SBP officials confirmed that the central bank has no objection to PayPal operating in Pakistan and is open to working with relevant ministries to facilitate its entry. The main hurdles, they explained, lie more in PayPal’s internal policies and risk assessments rather than regulatory restrictions from Pakistan’s side.
This statement has reignited hopes among freelancers, IT exporters, and small businesses who’ve long demanded access to PayPal for smoother international transactions. Currently, Pakistanis rely on indirect or less convenient methods to receive global payments, which slows down digital growth.
While no formal agreement or timeline has been announced, the central bank’s openness is a positive sign. If PayPal does choose to enter the Pakistani market, it would be a game-changer for the country’s growing digital workforce.
