Pakistans IT potential

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Strategically-located in South Asia, Pakistan is at the crossroads between East and West Asia. Pakistans geographical location, a rapidly expanding transportation and communications infrastructure, and conducive business environment make it an investor-friendly destination.

The Government of Pakistan has provided a reliable IT infrastructure and its package of incentives have been instrumental in the IT industrys development. As a result, an increasing number of foreign IT companies have chosen Pakistan for their outsourcing operations.

These incentives include:

• Provision of low-rent Software Technology Parks (STPs), with fiber-optic connectivity, libraries and conference rooms.

• 100% ownership of equity allowed to investing foreign IT/ITeS companies.

• Income Tax exemption for IT companies till 2016.

• 100% repatriation of profits allowed to IT companies.

• Seven years tax holiday for venture capital funds.

• Minimum rate of 30% depreciation on computer equipment.

• The State Bank of Pakistan (SBP) has allowed banks to open Internet Merchant Accounts.

• Availability of instant, reliable and high-speed connectivity.

• Over 85% of telecommunication infrastructure is on fiber-optic cables.

• Internet access is available in over 2000 cities/towns across Pakistan.


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Published in: Volume 05 Issue 48

Short Link: http://www.technologytimes.pk/?p=12535