PM Shehbaz introduce BOP Freelancer and Credit Card during PMYB&ALS.
Senior executives, including President and CEO BOP Zafar Masud, were present.
By this program, the Bank of Punjab (BOP) will increase the financial accessibility of independent contractors by meeting their transactional, loan, and payment-related needs.
This program will also increase the country’s capacity to draw international investment.
According to Zafar Masud, there are about 3 million independent contractors in Pakistan who contributed $400 million out of the $2.616 billion in IT export remittances received during FY 2022, despite the fact that their potential is worth several billions of dollars.
The freelancer segment and credit card program are two ways that BOP hopes to realise this potential and advance the economy.
Freelancers and IT professionals can open Freelancer Digital Accounts under the program, which supports improved credit and debit limits of up to $5,000 per month and $30,000 per year, and can officially receive overseas remittances in both PKR and USD.
