Digital payments to IT vendors abroad shortly

Minister of State for Information Technology and Telecommunication Shaza Fatima Khwaja has announced that arrangements are underway to facilitate digital outward remittances for IT companies, saying the move will enable IT exporters to seamlessly pay international suppliers and vendors. Speaking at HBL-P@SHA ICT Awards 2024 here on Monday, she said the awards empowered innovators, startups, and students to shine on international platforms, such as the Asia-Pacific ICT Alliance (APICTA) Awards. She said that in order to facilitate IT companies to compete globally, arrangements were being made to make payments online to vendors abroad without involving the routine banking channels and seeking permission of State Bank of Pakistan for every transaction.