Promotion of IT sector key to achieving economic development: governor

LAHORE: The role of information technology is important in today’s world as it increases the employment opportunities but also acts as economic path changer. It is good to see that the Lahore Chamber of Commerce is playing a leading role in this regard and doing commendable efforts for the promotion of Information Technology Sector.

These views were expressed by Governor Punjab Muhammad Baligh ur Rehman while speaking at First LCCI IT Freelancing Awards 2024. LCCI President Kashif Anwar, Senior Vice President Zafar Mahmood Chaudhry, Vice President Adnan Khalid Butt and Convenor Standing Committee for IT also spoke on the occasion.

The Governor Punjab said that those who are doing better in IT are also showing the way to others. He said that there are many economic models in the world where facilities have been given to the business and private sector and they are successfully moving the economy ahead.

LCCI President Kashif Anwar said that the 21st century belongs to technological advancement. Particularly, digitalization has revolutionized almost every aspect of life, including the way we live, work and communicates.

He said that at all countries throughout the world are working to promote modern technology in accordance with the fourth industrial revolution to become an active part of the global digital economy worth more than 10 trillion dollars.

Kashif Anwar said that Pakistan’s IT industry has is developing and today it has become an important contributor to the national economy. He said that according to the data of the Board of Investment, the share of IT in Pakistan’s GDP is around one percent.

Copyright Business Recorder, 2024