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Freelancers Perception towards Remittance Policies and its Consequences on the Economy of Pakistan

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  • Hafiz Muhammad Farrukh Tahir
  • Sohaib Uz Zaman

Abstract

As the last century is witnessed that the thinking of employees and corporates have changed drastically due to the evolution of occupation and technology enhancement. Freelancers have changed a mindset of individuals to take initiative for their own business instead to work as a slave for a corporate. Due to the influencing thoughts of an individual, it directly impacts on country’s economy. Now a huge portion of economic growth depends on remittances (inward) against I.T (information technology) services, consultancy, and export of software and I.T packages. So, therefore a lot of dependency on economic growth be contingent on freelancer perception of remittance policies. So, the survey was conducted among freelancers and respondents' responses were tested through SmartPLS. Right now, most of the developing countries encourage youth to I.T because it has several positive consequences either directly (Foreign Direct Investment, Balance of Payment and Reserves) or indirectly (Employment and Growth Opportunities of SMC).

Suggested Citation

  • Hafiz Muhammad Farrukh Tahir & Sohaib Uz Zaman, 2021. "Freelancers Perception towards Remittance Policies and its Consequences on the Economy of Pakistan," International Journal of Publication and Social Studies, Asian Economic and Social Society, vol. 6(1), pages 18-33.
    • Handle: RePEc:asi:ijopss:v:6:y:2021:i:1:p:18-33:id:143
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