KARACHI: In a recent announcement, the Ministry of Information Technology and Telecommunications highlighted significant strides made in the information technology (IT) industry over the past four months.
Under the caretaker setup, the government’s policy measures have translated into a commendable 13 per cent growth in IT and ITeS exports.
One of the key developments for IT services firms involves the introduction of special foreign currency accounts, providing a boost to the industry’s financial landscape.
Simultaneously, the government has embarked on a mission to enhance the skill set of the workforce, with ongoing training programmes targeting 200,000 university graduates in the field of IT.
Freelancers in Pakistan are set to benefit from the launch of e-Rozgaar and co-working centres across the country. Supported by interest-free loans and training assistance, these centers aim to empower freelancers, fostering a conducive environment for professional growth.
Additionally, freelancers will now have the convenience of receiving international payments through PayPal, streamlining financial transactions on a global scale.
In a bid to revolutionise the telecom industry, the government has pledged to launch 5G services, marking a significant step towards creating a more favourable environment for capitalism.
The approval of Pakistan’s first national space policy further reinforces the commitment to affordable internet services by private-sector companies.
Telecom-related initiatives introduced during this period include the establishment of a Telecom Tribunal and the implementation of a Telecom Infrastructure Sharing Policy. These measures are designed to ensure a robust and competitive telecom landscape in Pakistan.
To foster innovation and entrepreneurship, the government has rolled out the Pakistan Startup Fund (PSF), offering co-investment opportunities and launching the International Startup Exchange Programme.
Dr. Umar Saif, the Federal Minister of IT & Telecom and Science & Technology, envisions the PSF generating a staggering Rs50 billion of value creation in the startup ecosystem annually.
Collectively, these comprehensive initiatives signify the government’s commitment to stimulating growth and innovation in Pakistan’s rapidly evolving IT industry.
