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Prime Minister Shehbaz Sharif was presented with a comprehensive plan to boost Pakistan’s IT exports to $25 billion within the next five years.

According to a statement released by the Prime Minister’s Office (PMO), the Ministry of Information Technology presented a detailed roadmap to the prime minister, focusing on reforms in various segments during a high-level meeting held in Islamabad on Friday.

The meeting was briefed on the potential of various IT segments to contribute to the target of $25 billion in exports.

As per the statement, the meeting set ambitious targets for the next five years, including $15 billion from IT exports, $1 billion from telecom exports, and $10 billion through digitalization initiatives.

Minister highlights 25pc growth in IT exports, focus on $25bn target

“Pakistan has no shortage of talented manpower or resources,” PM Shehbaz said.

“With better utilisation of resources and by equipping our workforce through education and training, Pakistan’s IT exports can surpass even the $25 billion target,” he added.

As per the PMO statement, the prime minister appreciated the proposed IT sector reforms, terming them exemplary, and directed authorities to ensure their implementation.

He further instructed all institutions to work collaboratively to overcome the challenges impeding these reforms.

“I will personally oversee the implementation of IT sector reforms,” the PM said.

To provide Pakistani youth with international-standard education, training, and skills, the PM directed the Higher Education Commission (HEC) to prepare a comprehensive plan.

Highlighting the demand for Pakistani IT professionals in Gulf countries, PM Shehbaz called for swift action to capitalise on these opportunities. He also directed the establishing of a committee to ensure the implementation of reforms and foster cooperation among relevant institutions.

PM vows to achieve $25bn IT export target

The meeting was told that Pakistan’s IT exports had increased by 34% in the last four months. Additionally, Pakistan’s global e-governance ranking had improved by 14 positions, 2,500 new IT companies had been registered, and the country’s IT ranking had risen from 79 to 40.

As per the PMO statement, participants were also briefed on the proposed Labour Management System, which aims to utilise industry demand data to enhance workforce capacity through collaboration with educational institutions, ensuring job creation.

Pakistan’s IT minister Shaza Fatima defends internet restrictions, says security comes first

Moreover, a project was presented to facilitate freelancers and young IT professionals in receiving remittances more efficiently.

PM Shehbaz lauded the initiative for international payment gateways and called for its swift implementation.

The meeting was attended by the Federal Minister for Economic Affairs Ahsan Iqbal Cheema, Minister of State for IT Shaza Fatima Khawaja, and senior officials from relevant departments.

Comments

200 characters
Qasim Nov 22, 2024 01:21pm
Hahaha what a pipe dream. Everything from the atrocious internet speed, constant "breakage" on internet lines, restrictions on social media etc etc, no company is going to invest in IT in Pakistan....
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Abdullah Nov 22, 2024 01:45pm
When will you implement it.Enough of plans now.start implementing and tell the public whats done.
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MZI Nov 22, 2024 03:44pm
The key point must have been to relocate the Pakistani software industry outside of Pakistan so that internet & firewall disruptions do not affect it. Establishment must be laughing at the 'plan'.
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Haris khan Nov 22, 2024 04:01pm
@Abdullah, they are implementing something, firewalls! They seem scared of someone they have already trapped in a plethora of cases
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MZI Nov 22, 2024 05:27pm
@Haris khan, Had that certain someone never been in politics with his idiocies, Pakistan's GDP might be 150% of what it is now & our software industry would have been something to be proud of.
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Bashir A Aziz Nov 22, 2024 07:32pm
I guess banning the VPN is the first step in this direction. If I was to export my services, I would keep overseas my income earned froe IT export. Who would trust this government!
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Faiz Jalib Nov 23, 2024 03:29am
$25B! What are they going to do with a $50B plan? They should revise it to $100B, starting with $200B this qtr and remaining $400B next! The entire $1Tr plan relies on just one simple step: BAN VPN!
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