Pakistan as a Rising Freelance Market
With a 68% percent increase in Freelance revenue year-over-year. Pakistan ranked eighth on the list of the world’s fastest-growing freelance markets. The Philippines and Asia are the leaders of the pack, with gig revenues increasing by 208% and 100 and 68 respectively.
Despite the difficulties caused by COVID-19, the freelance economy experienced a boom in the first half of 2020. This is according to Payoneer, a financial institution that facilitates the payments of freelancers around the globe.
The report ranked the Islamic Republic of Pakistan eighth on the list of fastest-growing freelance markets worldwide, with a sixty-eight percent increase in revenue year-over-year. The Philippines and Asia nations are the leaders of the pack, with gig revenues increasing by 208% and 100 and sixtieth respectively.
Freelancing in 2020
Associate Nursing Abundance Of Opportunities The report revealed that the temporary hard times worldwide after the pandemic wore out were quickly overshadowed by an exponential rise in freelancer demand that occurred shortly afterward. Payoneer paid twenty-eighth of the total amount to freelancers between May and June. The report conjointly suggests COVID-19 may have altered the use landscape for the better, as the freelance takeover is expected to last far beyond the pandemic.
The revenue in the Islamic Republic of Pakistan dropped slightly from 21 to 16 PPF between March and April because of the country’s slip into internment. However, the number quickly rose to forty-seventh in June. This growth was partly due to government efforts to put in place coaching programs throughout internment to help professionals expand their abilities to provide freelance services. Payoneer reported that eighty-one percent of the country’s freelancers were confident that the gig economy will recover once the market adjusts to the changes that have resulted from the pandemic.
The rise in freelancing opportunities in the Islamic Republic of Pakistan was also reflected by an increase in the number of freelancers on Ureed.com. Ureed.com is a leading digital marketplace. However, the Islamic Republic of Pakistan is not the only country that has risen in freelancing. Many other countries in the MENA region are also reporting Associate in Nursing growth in gig economies. Another report ranked UAE as the fourth most popular country to freelance. It is clear that MENA countries are not left behind in the freelance revolution.
Payoneer has released a report encouraging freelancers to increase their ability to be more competitive. Several firms are expected to demonstrate to freelance workers as they adapt to the economic environment. Because the world is still pushing for a foothold in the natural event, people around the globe can adapt further to operate online. A permanent change within the international force will be inevitable.
Digitization has made it possible for gig workers to accept freelancing, not only as a source of financial gain but also as a way to stay up to date on their operating conditions. According to the report, technology has shown that the traditional space is no longer an option for employment. John Steel, Payoneer’s senior vice president of sales, praised businesses around the world for adopting the remote force model quickly because it provides additional cost through flexible and low-cost labor.
Nearly 2 Million Pakistanis Contribute to Global Freelance Economy
According to Freelancer.com Asia, around 2 million Pakistanis are responsible for the rising global freelance economy.
Pakistan has the most in-demand skills in graphic style, PHP, and website style.
Helma Kusuma is Asia Freelancer.com’s Communication Manager. She mentioned that Freelancer.com is the largest crowd-sourcing and freelancing marketplace in the world. It has reached thirty million users. As this is a significant milestone. And it shows the growth of the latest methods of operating around the globe.
One of the Pakistani users is Naveed Al Ali United Nations agency, who may be a Graphic Design. He quit his $108 per month job as a Graphic Designer to pursue a better life. As Naveed stated, “My freelance earnings were much more lucrative than my full-time employment.” After that, I created my own company and hired four employees. It’s been eighteen years since we started, and we don’t plan on stopping.
Pakistani Freelance Market Generating Millions of Dollar
Many users, such as Naveed United Nations Agency, are open to this new world of work and remodeling.
The joint project “eRozgaar Program”, which is a joint effort of the Youth Affairs Sports & Anthropology (YASAT) and Geographic Region Info Technology Board (PITB), has helped more than 3500 people acquire digital skills for the long term.
There are currently 23 centers in operation across the province. They are located at various universities and educational establishments that have well-equipped labs. Three area units for females were established in the middle of 2017, and more than 3,500 candidates have been trained. They currently earn over PKR 50 million.
Pakistan, the sixth-largest country in the world, has the best facilities and notable resources. This makes it a great place for youth to move forward and take advantage of the economic opportunities offered by freelancing under the eRozgaar program.
West Pakistan is third in freelancing with an estimated $1 billion. This figure will increase to U.S. 360 million with $100 per day for the ten thousand trainees who are part of a three-month program for self-employment. Facebook and e-Rozgaar have jointly developed a specialized course track.