As a developing nation, Pakistan tries hard to grow its economy. There are several economic opportunities surfing up every day through which Pakistanis get the benefit. 

It’s a pleasant sight. The start-up culture is booming, and overall it seems that the country is on the right track to growth. But the problem is that it’s slow. We aren’t as paced up as we should be. That’s what creates a lag between us and the world outside.

As a world, we are now heading fast towards globalization. This means that physical distances are no problem for economic activities. This means that our country needs to come up with facilities that ease up trades of goods and services with people outside of the country.

But the policies are slow to catch up. It’s been over a decade since the monetary dealings have largely become digital. Yet, we don’t have sufficient facilities to smooth up our trade via digital dollars. Most of the prominent Fintechs are unavailable in Pakistan.

Paypal, Whatsapp Pay, Payeer, and other services of the sort are banned in Pakistan. This makes trades and transactions difficult. A hassle, in fact!

Why are such services required?

Well, a simple answer- to move forward. Gone are the days when people kept thousands of dollars in their pockets and took them to money exchangers when they needed Pak currency. Now, most of the payments are made digitally.

Take any freelancer, for instance. Or a Youtuber, for that matter. They earn their money in Dollars. But there’s no easy way for them to get their dollars here. There are some methods through which people can exchange E-dollars and have the money land in their banks.

But those methods are expensive. You can lose as much as 7 to 10 rupees per dollar. That’s a lot of money if you regularly need to transact in E-dollars. This means that there’s a wide gap open in our financial markets for E-currency solutions.

However, here, government intervention is required. Without the right financial policies, we’ll struggle to make things work. But there are some ways that you can get the job done. Let’s have a look at them.

What to do about it?

Let’s discuss a few ways by which you can get the E-dollar problem solved.

• Ask a favor from someone abroad:

This one is the easiest method. But you need someone trustable abroad. You can request them to allow you to use their e-wallets and currency services and get the money there. 

Converting to PKR can still be an issue, but you can get a trustworthy local vendor to fix the problem. Services like PKR 2 Dollar can take your e-dollars and pay you the right amount of cash against them without any hassle. 

You’ll not even need to pay them a visit. The PKR shall be deposited into your local Fintech services accounts like Jazz Cash or Easy Paisa.

• Get it in your bank accounts

This is a really hassle-free method. You can attach a bank account to the e-wallets and get the PKR deposited against dollars directly into the bank.

The unfortunate part with this option is that the rates can be really low. And the fee can be high. For instance, they are getting the dollars exchanged with a local bank can cost you as much as 10 to 12 rupees per dollar. 

So this is an option to exercise in the most desperate of the times. Let’s look at another option that’s not as monetarily torturous. In fact, very easy to avail.

• Take services from a local vendor

While the government is slow to act, there are several vendors filling up the E-dollar gaps in the local markets. PKR 2 Dollars, for instance, deals in all sorts of E-dollars and digital currencies.

You can easily get E-dollars deposited into the wallets of your choice. Or get them exchanged for PKR at reasonable rates. This is a simple solution for your e-currency needs till the services officially arrive in Pakistan. 

It’s really easy. For instance, if you want to trade money via Skrill. You just need to search for How To Create Skrill Account in Pakistan and then follow the process. Once your amount gets deposited there, you can have it exchanged from PKR 2 Dollar. 

Wrap up

The E-dollar needs are rising with time. In a country like Pakistan, the introduction of such financial opportunities can truly be a blessing. Because lack of such opportunities is a serious barrier between the local and the international markets.

But till the problems are officially addressed, you can contact PKR 2 Dollar and get the right E-currency solutions.