According to the the State Bank of Pakistan (SBP), freelancers of computer and IT services fetched $856 million by the end of third quarter of the current financial year 2025-26 as compared to $567 million reported in the same period of the last financial year, showing a 50% growth or $289 million record upsurge. Pakistani […]
freelancers
SBP’s new move to ease tax reporting for IT exporters and freelancers
The State Bank of Pakistan (SBP) has updated its foreign exchange income reporting format to better serve IT exporters, freelancers, and service providers. These changes apply to the electronic Proceed Realization Certificate (ePRC) and the Statement of PRCs (S-PRCs). The revised formats will become effective from October 1, 2025. The SBP said the new format […]
Freelancers warn govt: Tax plan threatens $1B+ in foreign earnings
Pakistan’s freelancers and digital content creators are strongly opposing proposed tax measures in the upcoming federal budget. They believe such policies will hurt the fast-growing digital economy. Experts argue the focus should be on boosting foreign exchange earnings, not taxing struggling freelancers. They are urging the government to support digital workers who bring in millions […]
Govt eyes Rs600bn in new taxes: YouTubers, freelancers, pensioners & more in FY26 budget net
Islamabad – The Pakistan government is preparing to bring major changes in the upcoming federal budget for 2025-26, including new taxes targeting freelancers, YouTubers, and pensioners. A research report by Topline Securities suggests the government is aiming to collect an additional Rs500–600 billion in taxes to meet IMF targets. To achieve a projected revenue collection […]
UAE freelancers urged to use legal business bank accounts
Freelancers in the UAE must open licensed business bank accounts, as using personal accounts for work is illegal. Experts warn this mistake can lead to account closure or blacklisting by banks. While traditional banks require high balances and strict paperwork, digital banking platforms offer easier options. Apps like Wio Business and Mashreq NeoBiz provide tools […]