Pakistan says freelancers earned record $557 million in first half of FY26

An employee works on a computer at the office of Pakistan Freelancers Association (PAFLA), a platform and support group to help freelancers, in Karachi, Pakistan August 22, 2024. (REUTERS)
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Updated 22 February 2026
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Pakistan says freelancers earned record $557 million in first half of FY26

  • Pakistani state media says $557 million figure marks 58 percent increase in forex earnings compared to same period last year
  • Says Pakistan hosts over 170 venture capital-backed startups that have a combined enterprise value exceeding $4 billion

ISLAMABAD: Pakistani freelancers earned a record $557 million during the first half of the current fiscal year, state media reported on Sunday, saying the achievement reflected the country’s emergence as a global hub in software development and e-commerce. 

Pakistan’s IT and IT-enabled services sector has emerged as one of the country’s fastest-growing sources of foreign exchange, generating over $3 billion annually and employing roughly a million freelancers in addition to formal software firms.

“Pakistani freelancers earned a valuable 557 million dollars in foreign exchange during the first half of the current fiscal year, setting a historic record,” state broadcaster Radio Pakistan reported. 

It described the achievement as a “significant milestone,” noting that it was a 58 percent increase in foreign exchange earnings compared to the same period last year.

The state media said that rapid growth in freelancers’ earnings highlighted Pakistan’s prowess as a hub of software development, digital marketing, graphic design and e-commerce. 

“Improved facilitation, targeted training programs and a supportive ecosystem have contributed to the rapid growth of the freelancing economy in the country,” Radio Pakistan said. 

The state media said Pakistan hosts over 170 venture capital-backed startups that have a combined enterprise value exceeding $4 billion.

It said the pace of Pakistan’s venture capital and startup ecosystem growth has outperformed several international markets such as India, Dubai and New York. 

Pakistan has increasingly relied on technology exports over the years, including software development, outsourcing and freelance services, to generate foreign exchange. 

The development takes place as Islamabad targets sustainable economic growth driven by exports as Pakistan’s economy adjusts under structural reforms and tight import controls following a balance-of-payments crisis.


Pakistan says it seized 32 square kilometers inside Afghanistan as border clashes escalate

Updated 28 February 2026
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Pakistan says it seized 32 square kilometers inside Afghanistan as border clashes escalate

  • Security official describes ‘limited tactical action’ in Gudwana after Afghan assaults
  • Islamabad accuses Kabul of sheltering militants as UN, China and Russia urge restraint

ISLAMABAD: Pakistan has seized a 32-square-kilometer area inside Afghanistan following overnight fighting, a security official said on Saturday, as cross-border clashes between the two countries escalated sharply.

A Pakistani security official, speaking on condition of anonymity, said troops carried out a “limited tactical action” in the Gudwana area opposite the Zhob sector along the frontier, capturing Afghan territory after responding to attacks on Pakistani positions.

“On the night of Feb. 26/27, posts opposite the Zhob sector launched anticipated physical attacks on multiple Pakistani positions,” the official said, referring to fighters linked to Afghanistan’s Taliban authorities, whom Islamabad identifies as Tehreek-e-Taliban Afghanistan (TTA).

“In response to aggressive unprovoked fire and physical attacks, Pakistan security forces launched a limited tactical action on the night of Feb. 27/28 in the general area of Gudwana with a view to capture TTA Tahir Post,” he continued, adding that 32 square kilometers of Afghan territory were seized.

The official said special combat teams crossed the border after preparatory bombardment, supported by intelligence, surveillance and reconnaissance assets providing “real-time battlefield awareness.”

He said 24 Afghan Taliban fighters were killed and 37 wounded, with no Pakistani casualties reported.

The claims could not be independently verified, and there was no immediate confirmation from Taliban authorities in Kabul of any territorial loss in the Gudwana area.

The latest clashes erupted after Pakistani airstrikes targeted what Islamabad described as militant hideouts inside Afghanistan over the weekend, triggering retaliatory fire along the frontier and sharply escalating long-running tensions. Islamabad accuses Kabul of sheltering Pakistani Taliban militants responsible for attacks inside Pakistan, an allegation that Afghanistan denies.

Pakistan’s Information Minister Attaullah Tarar said on Saturday evening that 352 Afghan Taliban fighters had been killed and more than 535 wounded since the latest phase of hostilities began.

Tarar said Pakistani strikes had destroyed 130 check posts, 171 tanks and armored vehicles and targeted 41 locations across Afghanistan by air. Those figures could not be independently verified.

The United Nations, as well as China and Russia, have called for restraint.

The United States said Pakistan has the right to defend itself against cross-border militancy.