Saturday, 06 June 2026, 11:19:39 am


 
SIFC promotes business-friendly environment for IT & freelancing sector
June 06, 2026

Special Investment Facilitation Council's support has promoted a business friendly environment and regulatory facilities for the IT and freelancing sector over the last three years.

With SIFC’s support, the retention limit for funds in Exporters’ Specialized Foreign Currency Accounts was increased from thirty five percent to fifty percent.

The relaxation of regulatory restrictions on foreign currency accounts along with the issuance of specialized debit cards has made international payments easier.

A new banking framework for freelancers was introduced, simplifying banking services and account-opening process.

During the first ten months of current fiscal years, Pakistani freelancers generated export earnings amounting to 959 million dollars.