New Payment Option Available for Freelancers
Saad khan 
Islamabad: Since its launch earlier this year, over 50,000 freelancers in Pakistan have signed up with Elevate to receive their earnings from foreign countries. The freelance sector is growing rapidly in the country, but many freelancers complain about the high charges imposed by banks for their services.
Elevate, a fintech based in London and Dubai, has secured $5 million in financing to expand further into South Asia. The company has raised a total of $10 million in equity and debt from investors, showing significant investor confidence in its potential.
JazzCash, a leading mobile wallet and digital financial services platform, has surpassed 11 million active app users. In total, JazzCash boasts 44 million registered users, with more than 30% being female customers. The platform also has 17 million monthly active users, 300,000 merchants, and over 245,000 agents across Pakistan.
A US delegation led by Acting Consul General Jimmy Mauldin from the US Consulate in Karachi visited the National Steel Complex (NSCL) at Port Qasim on Tuesday. The NSCL is the country's first and largest fully integrated, environmentally friendly steel complex, employing Direct Reduced Iron (DRI) technology.
Mauldin emphasized the importance of a robust steel sector for economic development and identified NSCL as a potential catalyst for Pakistan’s industrial progress. This visit highlights the US commitment to strengthening trade ties between the two nations.
