Pakistan's Digital Gig Economy Growth Among World's Fastest
Pakistan's digital gig economy growth is the fastest in Asia and fourth fastest in the world, according to digital payments platform Payoneer.
United States led gig economy growth of 78% followed by the United Kingdom 59%, Brazil 48%, Pakistan 47% and Ukraine 36%. Asia growth was led by Pakistan followed by Philippines (35%) , India (29%) and Bangladesh (27%).
The rapid gig economy expansion of 47% in Pakistan was fueled by several factors including the country's very young population 70% of which is under 30 years of age coupled with improvements in science and technical education and expansion of high-speed broadband access. Pakistani freelancers under the age of 35 generated 77% of the revenue in second quarter of 2019.
Mohsin Muzaffar, head of business development at Payoneer in Pakistan, has said as follows: "Government investment in enhancing digital skills has helped create a skilled freelancer workforce while blanket 4G coverage across Pakistan has given freelancers unprecedented access to
international jobs".
In Q2/2019, Asia cemented its status as a freelancer hub. Pakistan, Bangladesh and India, Philippines made it to the top 10 list, collectively recording 238% increase from Q2/2018.
As of 2017, Pakistan freelancers ranked fourth in the world and accounted for 8.5% of the global online workforce, according to Online Labor Index compiled by Oxford Internet Institute. India led with 24% share followed by Bangladesh 16%, US 12%, Pakistan 8.5% and Philippines 6.5%.
Related Links:
Haq's Musings
South Asia Investor Review
Digital BRI and 5G in Pakistan
Pakistan's Demographic Dividend
Pakistan EdTech and FinTech Startups
State Bank Targets Fully Digital Economy in Pakistan
Campaign of Fear Against CPEC
Fintech Revolution in Pakistan
E-Commerce in Pakistan
The Other 99% of the Pakistan Story
FMCG Boom in Pakistan
Belt Road Forum 2019
Fiber Network Growth in Pakistan
Riaz Haq's Youtube Channel
Gig Economy Growth in Q2/2019. Source: Payoneer |
The rapid gig economy expansion of 47% in Pakistan was fueled by several factors including the country's very young population 70% of which is under 30 years of age coupled with improvements in science and technical education and expansion of high-speed broadband access. Pakistani freelancers under the age of 35 generated 77% of the revenue in second quarter of 2019.
Growth in Freelance Work. Source: Payoneer |
Mohsin Muzaffar, head of business development at Payoneer in Pakistan, has said as follows: "Government investment in enhancing digital skills has helped create a skilled freelancer workforce while blanket 4G coverage across Pakistan has given freelancers unprecedented access to
international jobs".
Global Freelance Revenue By Age. Source: Payoneer. |
In Q2/2019, Asia cemented its status as a freelancer hub. Pakistan, Bangladesh and India, Philippines made it to the top 10 list, collectively recording 238% increase from Q2/2018.
Online Labor Index. Source: Oxford Internet Institute |
As of 2017, Pakistan freelancers ranked fourth in the world and accounted for 8.5% of the global online workforce, according to Online Labor Index compiled by Oxford Internet Institute. India led with 24% share followed by Bangladesh 16%, US 12%, Pakistan 8.5% and Philippines 6.5%.
Related Links:
Haq's Musings
South Asia Investor Review
Digital BRI and 5G in Pakistan
Pakistan's Demographic Dividend
Pakistan EdTech and FinTech Startups
State Bank Targets Fully Digital Economy in Pakistan
Campaign of Fear Against CPEC
Fintech Revolution in Pakistan
E-Commerce in Pakistan
The Other 99% of the Pakistan Story
FMCG Boom in Pakistan
Belt Road Forum 2019
Fiber Network Growth in Pakistan
Riaz Haq's Youtube Channel
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https://theprint.in/world/china-to-start-27-new-projects-in-pakistan-under-second-phase-of-cpec/284628/
China plans to launch 27 new projects in Pakistan under the second phase of the USD 60 billion China-Pakistan Economic Corridor (CPEC) this year, a media report on Friday quoted a senior Chinese diplomat as saying.
The ambitious CPEC links China’s Kashgar city in Xinjiang province with Pakistan’s Gwadar port in Baluchistan through a network of roads, railways and highways.
“There will be 27 new projects in the second phase of the CPEC,” said Consul General of China in Karachi, Wang Yu during a meeting organised by the Karachi Council on Foreign Relations on Thursday.
Following the signing of the memorandum of understanding between China and Pakistan for the second phase of CPEC earlier this year, work on these 27 new projects was expected to begin by the end of the year, the Dawn newspaper quoted Wang as saying.
“Agriculture, education, vocational training, industry, increase in water supply, etc, are all part of our plans for the next phase,” he said.
Replying to a question about investment from China, he said the last two to three months had seen more Chinese investors coming to Pakistan.
“They are eager to invest here but they also need to know that the investments they make are sound and that they will also earn money here and for this there is a need for a fine transport system for the transportation of goods, new airports, etc.
“We are here for business and trade, but we are not in a decision-making position,” he said.
Responding to a question about security, Wang said there was no economic development without security.
Education and employment is also affected by a lack of security, he said.
Science and Technology Park, developed by National University of Sciences and Technology (NUST) in Islamabad, has opened doors to its first resident companies.
Fully university hosted and integrated across a 50-acre site, the park aims to enhance and increase research and development, promote linkages between higher education institutes, R&D centres and international industries; and capitalize on their strengths and abilities to create a knowledge-based multi-sector cluster in Pakistan.
A self-funded project, NSTP currently offers three buildings with a combined covered area of over 120,000 square feet surrounded by some of country's top universities, businesses and industries.
Over 70% of all S&T research work in Pakistan is conducted within a 30-mile radius of the park, which will focus on Edtech, Agritech, Fintech, Autotech, Healthtech, Deftech, Energytech and Smartech, each with its corresponding educational establishment nearby.
Multinational anchor companies are the driving force behind these key sectors and are provided with a distinctive space and opportunities connect with other tenants of the park and the university, which include innovative tech-based SMEs and startups both local and international.
These growing companies are offered subsidized or free work space, free training and mentorships, and funding opportunities through the NSTP Angel Investment Network.
The park already has strong international links via participation in the China Pakistan Economic Corridor( CPEC) , and a partnership with the China Pakistan Technology Transfer Centre which seeks to create innovation and investment from many companies located along the corridor.
It also benefits from a Special Economic Zone status, enabling residents to import critical infrastructure and machinery free of taxes.
Startups, high-tech SMEs, innovation centres of large multinationals and corporations, and business innovation hubs can apply for tenancy.
https://www.crowdfundinsider.com/2019/09/151318-leading-pakistani-bank-partners-ripple-to-launch-digital-payments-solution/
FBL is one of Pakistan’s largest commercial banks with over 220 branches nationwide and assets totaling $1.5 billion.
Announced on September 6, 2019, FBL’s partnership with Ripple was commemorated by a meeting in Karachi, Pakistan’s leading industrial and financial center. The business meeting was attended by Faysal Bank’s president Yousaf Hussain.
FBL, an Islamic private bank, has joined more than 200 financial institutions and payment providers that are using RippleNet, a decentralized global payments network for conducting fast and cost-effective cross-border transactions.
The leading Pakistani bank has reportedly been working on various initiatives aimed at supporting the development of a digital economy. FBL notably became the first major private Pakistani bank to introduce a virtual payment card in Pakistan in 2017.
FBL recently sponsored a one-day summit focused on electronic payments in Karachi, in order to spread “mass awareness about digital money.”
Pakistan’s regulatory authorities have not drafted guidelines for transactions involving cryptocurrencies. In 2018, the country’s central bank, the State Bank of Pakistan (SBP), ordered all local financial institutions to suspend services being offered to individuals and firms dealing in Bitcoin and other digital assets.
Advisor to Pakistan prime minster on Finance Abdul Hafeez Sheikh on October 12 said the country's economic health was improving with the government tackling the twin problems of fiscal and trade deficits.
Speaking to media persons here along with Chairman of Federal Bureau of Revenue Shabbar Zaidi, Sheikh said, "The trade deficit has been reduced by 35 percent and fiscal deficit by 36 percent in the first quarter of this year."
Sheikh said there was a marked improvement in non-tax revenue collection in comparison to the previous fiscal.
"We have collected Rs 406 billion in non-tax revenue, a 140 percent increase over the previous year," he said.
The advisor said the Pakistani rupee had stabilised and net portfolio investment had increased by $340 million after three years.
He said the good health of the portfolio investments was visible in the stock market rising from 28,000 points level in August to 34,000 points recently.
Sheikh said exports were also picking up due to government assistance.
Responding to a question, FBR Chairman Zaidi said dialogue with the trading community was progressing positively and soon all issues of traders would be resolved.
Zaidi said the UAE government has agreed to provide details of properties owned by Pakistanis there, which is expected to help net black money.
Pakistan's economy was in bad shape when the Pakistan Tehreek-e-Insaf government came to power in August 2018.
Abdul Razak Dawood, advisor to Pakistani prime minister on commerce, textile, industry and production, and investment, said on Monday that the special focus of the government on e-commerce policy will benefit the country, particularly giving a quantum jump to its exports.
Addressing a workshop here on e-commerce, the advisor said that in line with the government's vision of "Digital Pakistan", many lacunas in the procedural framework will be fixed.
"The moment we start minimizing the interaction between people with everything working online, then corruption will go down, inefficiency will go down and we will be able to move in a much, much faster way," he said.
Currently, Pakistan's services sector exports are around five billion U.S. dollars, said Dawood, adding that prioritizing opportunities for the startups and small and medium-sized enterprises (SMEs) through the policy of digitization and e-commerce, service exports could be enhanced to a great extent.
According to a report about the e-commerce policy framework of Pakistan released by the country's commerce ministry in September 2019, there are over 3.2 million SME units in Pakistan, accounting for 98 percent of all the enterprises, and the SMEs employ "nearly 78 percent of the non-agriculture labor force in Pakistan and contributes more than 30 percent" to the overall gross domestic product (GDP).
"E-commerce is an opportunity to bring SMEs in the mainstream and connect them with international markets through global e-commerce platforms as well as Pakistani online market places," the report added.
Talking to Xinhua, Badar Khushnood, a member of the Pakistani software houses association P@SHA, said that the China-Pakistan Economic Corridor (CPEC) is providing a great opportunity to Pakistan to learn and collaborate with Chinese tech giants like Tencent and Alibaba to tap its e-commerce potential.
Khushnood is of the view that companies like Alibaba, Uber and Careem have conducted B2C business in the country, and the business can be further expanded within the B2B framework as well.
According to a report released by the website Export.gov which is managed by the U.S. Department of Commerce, it is estimated that Pakistan has around 32 million Facebook users, and one of the highest rates of smartphone penetration in South Asia at nearly 34 percent. This makes it a potential market for e-commerce services and businesses.
Jawaid Ghani, professor of strategy and marketing research at Karachi School of Business and Leadership, told Xinhua that e-commerce facilitates make transaction easier, which is essential for foreign direct investment.
To increase exports, Pakistan has to introduce new e-commerce avenues as this would increase economic activity across all levels including B2B, B2C and C2C, he said.
The Export.gov report also noted that a large component of Pakistan's economy is informal and this is mainly because the majority of transactions are conducted in cash, except for those that are very large and require a bank draft or pay order. The majority of the local companies especially the SMEs are undocumented and therefore out of the tax net.
Ghani said that e-commerce and digital payment services would ensure transparency in transaction along with bringing the documentation of the undocumented transfer of money.
The McKinsey Global Institute report estimated that Pakistan can have an increase of a cumulative seven percentage points in its GDP along with the generation of around four million new jobs during 2016-2025 through utilizing digital financial services alone.
https://www.export.gov/article?id=Pakistan-eCommerce
Describes how widely e-commerce is used, the primary sectors that sell through e-commerce, and how much product/service in each sector is sold through e-commerce versus brick-and-mortar retail. Includes what a company needs to know to take advantages of e-commerce in the local market and reputable, prominent B2B websites.Last Published: 7/10/2019
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Mobile eCommerce
With the introduction of 3G/4G services, internet penetration has risen rapidly. Internet subscriber growth in Pakistan is averaging over 22 percent per year and total subscribers crossed the 44.6 million mark in 2018. Cheap smartphones, low cost of 3G/4G services and a consumer-goods obsessed middle class has meant that Pakistan’s e-commerce sector is “mobile first”: some e-commerce start-ups claim that over 75 percent of their total business is online.
Major Buying Holidays
E-commerce entrepreneurs enjoy heavy traffic on Pakistani holidays and event season such as Eid-ul-Fitr (June), Eid-ul-Adha (September), Black Friday, New Year and Wedding Season (October through April). Major sporting events can also drive purchases of related equipment and apparel.
Social Media
The introduction of mobile broadband coupled with affordable smartphones has driven the social media use and the popularity of Facebook, Twitter, Skype and Instagram. Facebook leads social media with more than three billion connections per day and more than 17.2 million user accounts. Twitter is also fast becoming the preferred social media portal with more than 280 million connections per day. Google, You Tube and Instagram are also popular.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
On Thursday, Wirecard AG filed for insolvency after it was revealed that the company was involved in the accounting fraud and reported that 1.9 billion euros from the company account were missing. Subsequently, the UK regulator of WCSL, the Financial Conduct Authority (FCA), ordered WCSL to freeze all prepaid card activity for the time being.
The FCA has communicated that they have taken these measures with the primary objective of protecting the interests and money of consumers who use Wirecard services. Pending further actions from the FCA, all payments services, including Payoneer, that subscribe to Wirecard, their cards will be blocked temporarily and the users will not be able to withdraw the funds on these cards, nor receive new payments.
Payoneer CEO Scott Galit stated, “We understand that the developing situation with Wirecard has created a lot of concern and challenges for Payoneer Prepaid Mastercard®️ card users. We have been assured by the FCA that the freeze was put in place to ensure the protection of all cardholders funds. We have also been given repeated reassurances that all funds are properly safeguarded. Progress is being made to lift the freeze, and we will continue to update you as soon as more information is available. This situation has impacted the customers of many companies, and we believe that it will be resolved soon.
In the meantime, incoming funds to Payoneer users can be withdrawn to bank accounts, or held in a Payoneer Account which remains safe and secure. All funds held in Payoneer are fully liquid and available and held in global leading banks. Our company is strong and stable, and committed to safeguarding our customers’ funds in accordance with all relevant global regulations.
We know that our customers depend on these funds, and that this freeze has created hardships for many people. We have enabled alternative solutions for payment withdrawal, and are working to address any technical issues that have come up, and to help our customers in any way we can.”
Payoneer, in its blog, also assured its users that the funds stored on individual Payoneer Prepaid Mastercard users were safe and secure.
“Although Wirecard Card Solutions Limited is a subsidiary within the Wirecard group and shares the same brand, they are an entirely independent entity with their own board, their own regulatory and capital requirements and are subject to regulatory oversight and accounting standards in the UK,” the blog post read.
“As they are independent, your card is not impacted and you can continue to use it as usual. Nonetheless, we work with other issuers including our own, and are working on contingency plans to ensure we maintain continuity and redundancy now and in the future. Even in the unlikely event of insolvency of Wirecard Card Solutions Limited, funds held on your card remain secure as they are held in trust in safeguarded accounts at regulated credit institutions in the UK and the European Economic Area (EEA) and designated as your funds,” it read.
Payoneer prepaid cards are mostly used by freelancers in Pakistan to receive payments from offshore clients for the projects they deliver. Besides freelancers, small companies also use Payoneer’s services for international payments.
The payment can be retrieved into a prepaid card or an app-based virtual account. People who use prepaid cards have temporarily lost access to cash as the cards have been blocked for an indefinite period of time. While no timeline has been given by Payoneer for resumption of card services, the company says that users are able to transfer money from their virtual accounts to local bank accounts for withdrawal.
Pakistani women freelancers charge $22 an hour, 10% more than $20 an hour that men charge.
Having a university degree does not get you more money...in fact the average rate for the world for high school graduates ($22 an hour) is about 10% higher than that of university graduates ($20 an hour).
https://blog.payoneer.com/wp-content/uploads/2016/02/freelancer-report-en-2015.pdf
To better understand the trends impacting this global movement, we surveyed 23,000 freelancers worldwide, including emerging markets such as Pakistan, the Philippines and the Ukraine. Survey respondents comprise a random sample of Payoneer’s cross-border payment platform users, providing unique insights into how these globally-enabled freelancers operate, what makes them successful and what rates they command.
https://pubs.payoneer.com/images/2020-Freelancer-Income-Report.pdf
#Pakistan’s #gigeconomy experienced a surge in new freelancers due to government intervention with online #education. Global #Freelancing Surges According to New Report by Payoneer. #technology http://www.streetinsider.com/Globe+Newswire/Global+Freelancing+Surges+According+to+New+Report+by+Payoneer/17392220.html via @Street_Insider
Payoneer, the digital payment platform empowering businesses around the world to grow globally, today released its Freelancing in 2020: An Abundance of Opportunities Report based on an analysis of payments to freelancers throughout the first half of 2020. The report provides insights into the impact of COVID-19, revealing that after a short-term slowdown at the start of the pandemic, freelancers are now experiencing a surge in demand. The report confirms the outlook of a resilient workforce that maintained its optimism even through the immediate slump that occurred at the beginning of the pandemic.
While the global economy has slowed elsewhere, skilled workers are jumping on the freelance bandwagon. Professionals are seeking a more flexible lifestyle, with greater independence and fresh business opportunities. As technology continues to advance, companies and businesses worldwide are quickly adapting to working online, ultimately attracting more remote talent.
Key takeaways from the report include:
Back in March 2020, 32% of freelancers shared in a survey that demand for their services had greatly decreased, while 53% expected demand would boom once the current pandemic subsided. This new analysis of payment volume through Payoneer in H1, reveals that their positive outlook was spot-on.
Based on the report’s analysis of payments made to global freelancers, COVID-19 brought a short-term slowdown, but rebounded with 28% growth from May to June.
India, a major hub of outsourcing talent, saw a massive 46% increase in new freelancers from Q1 to Q2, 2020.
Ukrainian IT companies equally showed resilience, experiencing only minor impact on their thriving outsourcing economy throughout COVID-19.
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The optimism of the greater freelance community appears seems to have been well-founded, and the growth of mega-platforms wasn’t unique. As a recent Payoneer survey points out that Freelancers’ expectations were accurate: COVID-19 led to a short-term slowdown in revenue growth but has returned even stronger:
“Payment activity between freelancers and their clients reveal that the expectations for a return to healthy demand within the freelancing economy have certainly come true, and in some cases grown significantly. While May, which was the peak month for the pandemic in many countries, saw a slight slowdown in global revenues, dropping from 17% to 15% growth, business bounced back in June, with revenues picking up by 28% since the beginning of the year.”
In fact, Payoneer provides a list of the top 10 freelancer growth countries:
1. Philippines – 208%
2. India – 160%
3. Japan – 87%
4. Australia – 86%
5. Hong Kong – 79%
6. Mexico – 72%
7. Canada – 71%
8. Pakistan – 69%
9. Argentina – 66%
10. Spain – 66%
https://www.forbes.com/sites/jonyounger/2020/09/01/a-new-payoneer-report-shows-covid-19-is-accelerating-freelance-growth/#7580f7b25c02
markets developed and emerging both in economy freelance the how of overview
pandemic the of light in realities changing to responded ha
https://pubs.payoneer.com/docs/2020-gig-economy-index.pdf
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Global payment platform Payoneer, in its latest report “Freelancing in 2020: An Abundance of Opportunities,” has ranked Pakistan as the eighth fastest-growing freelancing economy in the world with a year-on-year growth of 69 per cent.
https://profit.pakistantoday.com.pk/2020/09/15/with-69pc-annual-growth-pakistan-ranked-eighth-fastest-growing-freelancing-economy/
The same report ranked the Philippines, India and Japan as the top three fastest-growing freelancing markets, with the Philippines market growing 208 per cent annually, India 160 per cent and Japan showing 87 per cent annual growth.
Following the global trend, the demand for freelance services in Pakistan was hit hard due to the overall slowdown of the global economy and the desire of businesses worldwide to cut costs. Earlier, Payoneer report on State of Freelancing Report During Covid-19 had noted that 64 per cent of Pakistani freelancers reported a drop in their revenues due to many businesses and companies cutting outsourcing costs and halting new projects.
“Likewise, this response is reflected in the revenue figures where freelancing continued to grow year-on-year but temporarily slowing from 21 per cent growth in March to 16 per cent growth in May,” the report noted. However, while the demand for freelancers took a tough hit, at the peak of the pandemic, 82 per cent of Pakistani freelancers in State of Freelancing During Covid-19 report were confident that demand would rise once the crisis subsided.
This confidence was proven correct as revenues soared in May. Low short-term revenue growth in the first quarter of 2020 was followed by soaring revenue growth in the second quarter of 2020.
The optimism of Pakistani freelancers for a strong bounce-back was proven to be correct. For the first half of 2020, freelancing revenues declined by 5 per cent in January, but soared to the peak in July, exhibiting 47 per cent growth month-on-month.
The report particularly lauded Punjab Information Technology Board’s (PITB) e-Rozgaar Programme as a key contributor in this regard.
“One factor that goes a long way to explain this is that in April, local government authorities took the initiative to rapidly shut down educational institutes as a way to contain the spread of the virus,” the report read, adding that this led to the development of a new online education system and as part of this initiative, government training programmes, such as e-Rozgaar, expanded its services throughout the country, offering people a new way to enhance their professional capabilities.
“The mission was to help expedite freelancing skills for thousands and enable them to earn a living in the most in-demand fields and ultimately lead to a higher employment rate,” the report highlighted.
The sudden rush to learn new skills online also boosted the demand for online instructors. e-Rozgaar’s training programme allowed those with previous freelancing experience, as well as some sort of previous teaching experience, to easily apply and earn extra income by sharing their expertise with eager students.
E-Rozgaar’s latest batch of trainees recorded the highest ever batch income-earning of over Rs25 million in three months during the Covid-19 lockdown. PITB Chairman Azfar Manzoor stated that e-Rozgaar was playing a pivotal role in curbing youth unemployment.
https://www.zawya.com/en/press-release/companies-news/coursera-celebrates-ai-appreciation-day-pdrcydqf
Learners in emerging markets, including India, Egypt, Pakistan, and Brazil, make up more than half (52%) of GenAI enrollments on Coursera as the learning platform is bridging the opportunity gap by expanding AI-powered translations to include more than 4,600 courses and 55 Professional Certificates in up to 21 popular languages, including Arabic, Hindi, and Spanish.
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HEC Pakistan success story | Coursera
https://www.coursera.org/enterprise/resources/casestudy/hec
Paving the way for Pakistan’s digital knowledge economy
Through a successful and transformative partnership with Coursera, HEC has ushered in a wave of impactful education, breaking barriers and shaping the educational landscape in Pakistan.
Access to quality education:
200+ universities gained access to Coursera’s library of courses, including COMSATS University Islamabad and University of Central Punjab.
Over 267,000+ courses completed with students logging over 1.4 million learning hours.
More than 45,000 learners achieved deep-skills specialized certifications from internationally recognized institutions, the most popular specializations being Communication, Data Analysis, and Leadership and Management.
Enhanced teaching through curriculum integration:
Faculty enhanced their curriculum by integrating Coursera content into projects and materials.
Students applied their newfound expertise, translating it into freelancing opportunities.
Profound learner satisfaction:
HEC conducted a learner survey which garnered 10,000 responses:
96% of respondents credited Coursera for enriching skills development, with steep trajectories in digital literacy.
99% expressed a desire to continue expanding their learning.
Over 60% received tangible career incentives, such as recognition or advancements, through Coursera courses.
“We’ve encountered our top Coursera learners leveraging their skills for success,” Tanveer continues. HEC’s survey encapsulates this notion, with 47% of freelancers saying Coursera courses helped to increase their earnings. “These individuals, based in Pakistan, capitalize on learned skills, securing freelancing opportunities and projects, earning in US dollars due to their global online presence.” Maqadas Manzoor, a learner who benefitted from HEC’s support, attests to Coursera’s positive influence on his freelance career. “Enrolling in Coursera has been a transformative experience for me. I enrolled in IBM’s full stack cloud computing course and got my certificate, which gained me valuable knowledge. I have since acquired projects from a cloud computing and web application services company.” This partnership between HEC and Coursera helped introduce flexible, specialized online education tailored to Pakistan’s needs, bringing world-class learning within reach across demographics. As Dr. Jamil, Member IT at HEC, attests, “Our initiative with Coursera ensures that Pakistani youth gain industry-ready skills affordably and at scale. The positive response from students indicates that we are on track to achieve HEC’s goals.” HEC credits Coursera for enabling it to deliver meaningful change on a national scale – one learner at a time.