With a 47% increase in freelancing income in the second quarter, Pakistan is listed the fourth fastest growing freelancer sector relative to last year’s era.
According to the Global Gig Economy Index released in Forbes, Payoneer’s global payment platform, Pakistan was among the top freelance industries left behind regional nations including India, Bangladesh, and Russia.
The study was based on a survey of Payoneer’s network’s over 300,000 freelancers.
According to the study, the United States remained at the edge with 78% growth followed by the United Kingdom at 59%, Brazil at 48%, Pakistan at 47%, Ukraine at 36%, India at 29%, Bangladesh at 27%, Russia at 20%, and Serbia at 19% growth.
The study noted that in emerging countries, many freelancers were young adults looking to gain a foothold in a profession.
Pakistan is a wonderful instance, he added, where many freelancers are under the era of 30.
“A newer generation is looking for more possibilities in Pakistan,” said Eyal Moldovan, Payoneer’s general manager.
Payoneer’s study said the 35-44-year-old age range is doing its utmost to make cash out of self-employment at a worldwide stage.
This group adds 32% of income, although it accounts for only 23% of freelancers.