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We all know how important technology is and while we try hard to incorporate new policies now and then to make sure that the country is thriving on tech-based firms and that we outsource our skills, it is pertinent to note that investments in Pakistan also mean that we invest in the tech sector.
Here is more to the good news!
Full Facilitation Of IT Companies
#FullFacilitationOfITCompanies
Earlier we heard that the Minister of State of Information and Technology and Telecommunication Shaza Fatima Khawaja has assured to extend full support for IT facilitation for the IT companies in Pakistan as part of the investments in Pakistan.
While she was addressing a Swedish delegation where she spoke to Swedish companies, she went ahead to mention that investments in Pakistan also mean that we will invest in diverse sectors of the country including tech.
The minister further went ahead and said that the digitization of the economy is something that we all are striving for and is also the top priority of the government. She also said that we have kicked off with the digitization of the Federal Board of Revenue.
She also mentioned that approval was given to head the digitization of all other provinces that will be headed by the prime minister.
Export Of IT Services
Earlier we saw a progressive growth of exports where Pakistan earned US $2.593 billion by providing different information technology services to various countries around the globe and this was seen as a progressive growth and graph.
This also shows a growth of 20.41 per cent as compared with US $2.135 billion earned through the provision of services during the corresponding months of the last fiscal year 2022-2023.
Also, it was noticed that during this, the exports grew to more than 24.55 per cent as it surged from US $1.729 billion during July 2023-2024.
Other than that there was a steep rise in the consultancy services by 10.08 per cent from US 633.107 million dollars to 701.456 million dollars.
The Minister of State said digitization of the economy is the top priority of the present government. She said we have started with the digitization of the Federal Board of Revenue.
She also said approval has been given for the establishment of a national digitization commission to be headed by the prime minister and represented by the four provinces which is a very grand move.
Why Do We Need Tech Investments In Pakistan?
#WhyDoWeNeedTechInvestmentsInPakistan
The answer to this question is simple as of now, we can see a steep rise in the IT professionals yet there is always a lack of high-quality professionals in the field who would fill in the gap. Investments in Pakistan are significant but to invest in the software and tech sector is the need of the hour.
Furthermore, only last month Chief Minister Maryam Nawaz announced an IT park in Lahore that will aim to boost the country’s IT exports and will give jobs to students and young graduates. We believe that it’s a great initiative.
Conclusion
Last but not least, to stay to the modern world and strive in this competitive world it is therefore very essential to invest in high-quality education and technology. Furthermore, as we see it, Pakistan also aims to develop IT parks and has fixed a budget for the development of tech-based startups. These investments in Pakistan are nothing but a relief for all of us as we embark on this journey of technology.
