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PayPal to enter Pakistan via third-party app

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  • PayPal signs agreement with Payoneer in Pakistan.
  • Freelancers to recieve money via third-party app.
  • Information ministry also signs agreement with PayPal. 

ISLAMABAD: PayPal, which is an online payment system, has agreed to sign an agreement with another company in Pakistan through which freelancers will be able to receive money, The News reported Monday.

The company Payoneer — which is also a digital payment service — will secure the money earned by freelancers from abroad and remit it into the account of the recipient’s bank in the country.

It is yet to be seen how much this company Payoneer is going to charge on its services for transferring the amount from both sides — PayPal and working freelancers. 

Around 4 million freelancers are operating in the country out of which around 1.5 million work on a permanent basis. It has been considered a growing phenomenon in Pakistan, especially among youth equipped with IT skills.

The Ministry of Information Technology and Telecom also signed an agreement with PayPal for placing a framework to make this arrangement operational. The Ministry of IT & Telecom is going to announce this mechanism during this week on January 11, 2024.

Now the freelancers would be able to open dollar accounts but they would have to retain 50% amount in US dollars in their accounts. The caretaker government thus fulfilled one of the major demands of freelancers in the country. 

Federal Minister for IT & Telecom Dr Umair Saif stated in a video message that there was good news that Pakistani freelancers would be able to receive their money through PayPal.

“We have devised such a mechanism under which there would be no need to open up a PayPal account. Now anyone sitting outside Pakistan could send money through a PayPal account and then the money could be received in Pakistani banks,” he added. 

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Moon train operations are planned by NASA.

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The goal is to construct the first lunar train system, which will enable safe, independent, and effective cargo transportation on the moon, according to robotics specialist Ethan Schaler of NASA’s Jet Propulsion Laboratory in Pasadena, California.

He went on, “The day-to-day functioning of a sustainable lunar base in the 2030s will depend heavily on a robust, long-lasting robotic transport system.”

The Flexible Levitation on a Track, or FLOAT, is the name of the proposed lunar rail system. According to NASA, the establishment of a railway system on the moon is “critical to the daily operations.”

According to the space agency, the primary objective of FLOAT is to offer transportation services in regions of the moon where astronauts are engaged in activities. To do this, cargoes of lunar soil and other materials will need to be transported to various regions of the moon.

Each robot will be able to transport cargo of various sizes and shapes at a pace of roughly 1 mph (1.61 km/h), according to Dr. Schaler.

Notably, NASA also declared new initiatives last month to create and test new vehicle models intended for moon exploration.

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Business

Pakistan’s lunar mission ‘ICUBE-Q’ reaches the moon orbit.

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Pakistan’s lunar mission (ICUBE-Q) entered orbit around the moon on Wednesday.

Pakistan’s historic lunar mission (ICUBE-Q) launched from Hainan, China, on Friday aboard China’s Chang’E6 spacecraft.

According to the IST, the satellite ICUBE-Q was planned and developed in partnership with China’s Shanghai University SJTU and Pakistan’s national space agency SUPARCO.

The ICUBE-Q orbiter is equipped with two optical cameras to image the lunar surface. ICUBE-Q has now been integrated into the Chang’e6 mission after successfully qualifying and testing it.

Chang’e6 is the sixth lunar exploration mission launched by China.

The launch event was streamed live on the IST website and social media platforms. Chang’6, China’s Lunar Mission, will land on the Moon’s far side to collect surface samples before returning to Earth for further research.

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Education

The establishment of IT labs in Islamabad’s educational establishments

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SIFC was established to improve the ease of doing business for potential investors through a “Whole of Government”Approach”—achieving optimal horizontal-vertical synergy and facilitation by the Pakistan Army—and to attract investments from friendly countries in selected sectors through an empowered organisation that serves as a “single-window” platform for facilitation.

The children will learn the newest skills in these state-of-the-art IT labs, expanding their employment prospects.

These IT laboratories will be constructed in sixteen degree colleges spread throughout various parts of Islamabad.

Students will take six-month courses in artificial intelligence (AI), game development, data science, and block chain in these IT labs.

Approximately 1,000 students will have access to courses in the first phase, which is being implemented in response to market demand.

The National Vocational and Technical Training Commission has worked with esteemed universities such as NUST, National Skills University, COMSATS, and NUML to produce these courses.

The second week of this month will mark the start of these classes. For these courses, about 3,600 students have signed up.

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