Internet proliferation: Freelance work flourishing in Pakistan

Thanks to Internet proliferation, freelancing work is growing at a constant speed as more than 10,000 IT graduates enter Pakistan's market annually.

The freelancing is progressing in conventional job markets and it is estimated that by 2020, one in three workers worldwide will be freelancing online. Yes, it is a brave new world indeed, as many workers are jeopardizing their full-time jobs to shifting towards self-employment.

According to a survey report, the increasing broadband access in Pakistan has accelerated growth of freelance marketplaces.

Online marketplaces help their clients with tools, technologies and services to hire and manage remote work teams and enable employers and freelancers to contact one another.

With an arsenal of technology available to today's freelancer, it is possible to work from any location without requiring a physical office. Freelancers can now more easily find jobs and connect to businesses that need work.

This online revolution has improved availability, quality and the affordability of workers, especially in Pakistan.

Freelancing, if done professionally, can become a great way to supplement income, earn a living and get paid to perform.

Experts on Sunday said freelancing has become a big business and is now expanding at an exponential rate. Pakistan is ranked among top countries that are earning through freelancing.

Human capital in Pakistan has grown significantly over the last decade with almost 16 % of the younger age group having a college degree.

Pakistan is considered as one of the top two outsourcing destinations in terms of growth, value for money and customer feedback.

According to a survey, Philippines experienced 789 % growth in its outsourcing business and Pakistan was second on the list with 328% growth. The labor costs in many countries have risen sharply and in some cases these costs have increased more than the productivity.

The reason behind freelancing is to get cheap yet competitive labor and Pakistan's IT sector is carving a niche for itself as an ideal place to go for low-cost but equally competent freelance IT programmers and Mobile APP designers/developers.

Source: Pakistan Observer