06012016Wed
Last update: Wed, 01 Jun 2016 04am

IT and Computers: Pakistan

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This is apropos the headline of a news item on the front page of yesterday's issue. The three-letter acronym of Optic Fibre Cable (OFC) inadvertently appeared as 'OPC'. The error is regretted.
Prime Minister Muhammad Nawaz Sharif on Thursday said the ambitious China-Pakistan Economic Corridor (CPEC) would not only bring prosperity to the region but also help put an end to extremism and terrorism. Addressing the ground breaking of the 820km long Optic Fibre Cable linkage between Khunjrab and Rawalpindi, the Prime Minister also directed extending its linkages to other CPEC project areas. The PM said the world has transformed over the years and now "Knowledge-based economy" was the buzzword.
Prime Minister Nawaz Sharif is scheduled to perform the groundbreaking of Pakistan-China Optical Fiber Cable Project, which is part of the China Pakistan Economic Corridor (CPEC), it is learnt. Official sources revealed that the $44 million fiber optic cable to be laid between Pakistan and China will become another high-speed international connection to cater to the rapidly growing Internet traffic needs of Pakistan. According to the Economic Affaires Division (EAD) China has already released $11.24 million for establishment of cross-border optic fiber cable.
Advisor to Prime Minister on Revenue Haroon Akhtar Khan has assured the vendors of computers and computer accessories to contemplate for making their proposals part of the Finance Bill to further regulate the market where the industry guaranteed additional revenue of Rs 1.3 billion annually.
The telecom sector is likely to get major incentives in the upcoming budget 2016-17, including extension in tax holiday and tax reduction for IT services companies, it is learnt. Official sources revealed to Business Recorder that government is considering extension in tax holiday on telecom exports for three years. Tax holiday on IT export is going to expire by end June 2016. The Ministry of Information Technology had tasked Pakistan Software Export Board (PSEB) to provide the rationale for getting IT industry an extension in tax exemption that it currently enjoys on IT exports. PSEB has reportedly completed its homework and submitted it to the Ministry.
SI Global Solutions has signed an agreement of Rs 1.15 billion from UK-based firms to set up a facility for the development of projects such as mobile applications, business consultation, and system integration. The agreement signed by SI Global with SSC Global Ltd and Monolith Risk also includes training of fresh graduates and start-ups businesses alike.
The Punjab government has reaffirmed its resolve to assist the Information Technology industry and aims to increase Pakistan's IT exports from $3 billion to $10 billion in the next five years, the chairman of the Punjab Information Technology Board has confirmed. Doctor Umar Saif, who too is the university's Vice Chancellor, at its second round-table conference held by the Tech Hub Connect at the Arfa Software Technology Park on Friday, also talked about the government helping the industry grow further.