PM Directs To Boost IT Export Revenues From $2.6B to to $15B

The creation of a permanent committee to coordinate efforts between the government and the IT sector has been ordered by the prime minister.

PM Directs To Boost IT Export Revenues From $2.6B to to $15B

The Prime Minister directed that urgent action be taken to boost IT export revenues from $2.6 billion to $15 billion over the course of the following three years.

He gave the order to include representatives of the IT sector, the State Bank of Pakistan (SBP), the Ministry of Finance and Revenue, the Ministry of Information Technology and Telecommunication, and other relevant institutions in the standing committee while presiding over a review meeting regarding the promotion of the IT sector.

The creation of a permanent committee to coordinate efforts between the government and the IT sector has been ordered by the prime minister.

The Prime Minister urged the IT sector to bring its export revenues to Pakistan and assured them that their problems would be immediately resolved. He also instructed the SBP, the Federal Board of Revenue (FBR), and other pertinent agencies to take appropriate action.

He continued by saying that Pakistan’s potential in the information technology sector needed to be fully realised because the sector’s exports were far below its potential, talent pool, and capacity. He claimed that entrepreneurs in the nation had significantly contributed to the growth and promotion of the IT industry and would continue to do so going forward.

The meeting was informed of the operational issues facing the IT sector, and the representatives of that sector presented solutions to those issues. The IT industry’s representatives provided the premier view of how the IT industry stands with the government to play its role in the country’s economy.

The Higher Education Commission, colleges, and training facilities were told by the prime minister to work urgently to raise the nation’s total number of IT professionals from 0.6 million to 1.5 million.

The federal minister of finance and revenue, the federal minister of information technology and telecom, Tariq Bajwa, Jahanzeb Khan, Fahd Hussain, and Shaza Fatima, special assistants to the prime minister, as well as other senior government officials and IT industry representatives, attended the meeting.