ISLAMABAD: In a recent announcement, the Ministry of Information Technology and Telecommunications of Pakistan highlighted the significant progress achieved in the IT industry over the last four months.
During the caretaker setup, the government’s policy measures resulted in an impressive 13 percent growth in IT and ITeS exports.
A noteworthy development for IT services firms involves the introduction of specialized foreign currency accounts, contributing to the industry’s financial landscape. Concurrently, the government has undertaken a mission to enhance the workforce’s skill set, with ongoing training programs targeting 200,000 university graduates in the IT field.
Pakistan: IT Industry Records 13% Increase in Exports
Freelancers in Pakistan are self-confident to benefit from the launch of e-Rozgaar and co-working centers nationwide. Supported by interest-free loans and training assistance, these centers aim to empower freelancers and create a conducive environment for professional growth. Additionally, freelancers will now have the convenience of receiving international payments through PayPal, streamlining global financial transactions.
In an effort to revolutionize the telecom industry, the government has committed to launching 5G services, a significant step toward creating a more favourable environment for entrepreneurship.
Telecom-related initiatives introduced during this time 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 introduced the Pakistan Startup Fund (PSF), offered co-investment opportunities and launching the International Startup Exchange Programme.
