The government of Pakistan has introduced a new policy, the ‘National Freelancing Policy,’ aimed at supporting and boosting the freelance industry in the country. The policy offers various incentives and resources to freelancers officially registered with the Pakistan Software Export Board (PESB).
These include reduced sales tax of up to 2%, income tax exemption, and access to subsidized training, certifications, and office space at Software Technology Parks (STPs). The State Bank of Pakistan (SBP) is working with PESB to streamline foreign exchange remittance processes and enable freelancers to open foreign exchange bank accounts.
Additionally, freelancers with a record of ITeS export remittance exceeding $5,000 annually will receive visa facilitation. The policy aims to enhance freelancers’ access to international markets, provide growth opportunities, and position Pakistan as a leading global freelance market.