Development of national IT industry
December 21st, 2014 | Technology Times | No Comments
Pakistan encourages software export while making efforts to enable software export to grow by 300% within next two years. Currently the annual software export of Pakistan is only US$ 30 million.
In the budget for the new fiscal year, the Pakistan government has increased the budget for science and technology by a factor of 12, and decided to simplify the procedures for foreign computer companies registration in Pakistan, exempt IT-related companies from administration tax, and determine unified and standard price nationwide. In addition, the government has also decided to establish software technology cooperation zones in big cities such as Islamabad and Karachi, to provide more convenient conditions for both national and international companies. Software piracy is serious phenomenon; the rate of piracy is estimated over 60%. Import rate for software is 35%.
Published in: Volume 05 Issue 48
Short Link: http://www.technologytimes.pk/?p=12534