In a recent interview with Lahore Herald, Faisal Rasheed Bhatti, the Global Head of HCD at NETSOL Technologies, shared his thoughts on how the IT exports industry can play a crucial role in empowering the economy of Pakistan.
Bhatti stated that as countries like India continue to dominate the IT exports market, it is crucial for Pakistan to focus on this sector and tap into its potential for growth.
According to Bhatti, Pakistan has a huge pool of talented young people who are capable of making a significant impact in the IT industry. However, the country has been lagging behind in terms of IT exports and it is high time that the government and private sector come together to provide the required support and resources to the IT sector. Bhatti believes that with the right kind of support and investment, Pakistan can emerge as a major player in the IT exports market.
Bhatti explained that the IT sector has a broad range of applications and can play a crucial role in driving economic growth and development in Pakistan. From software development to cloud computing, data analytics, and artificial intelligence, the IT sector offers a wide range of opportunities for young people to develop their skills and contribute to the country’s economy.
To tap into the potential of the IT sector, Bhatti suggests that the government should invest in providing better infrastructure, including high-speed internet connectivity, state-of-the-art research facilities, and training programs. This will help to attract more young talent to the sector and provide a platform for them to showcase their skills and contribute to the growth of the industry.
Moreover, Bhatti emphasized the importance of providing adequate support to small and medium-sized enterprises (SMEs) in the IT sector. These SMEs play a crucial role in driving innovation and growth in the industry and need to be provided with the right kind of support and resources to succeed. This can include tax breaks, funding for research and development, and access to international markets.
In addition to government support, the private sector also has a crucial role to play in the growth of the IT sector in Pakistan. Bhatti suggests that private companies should provide internships and training programs to young people to help them develop the skills they need to succeed in the industry. He also believes that private companies should partner with universities and research institutions to provide a platform for young people to showcase their skills and contribute to the growth of the industry.
Furthermore, Bhatti believes that it is important to create a conducive environment for IT exports in Pakistan. This can include reducing bureaucratic red tape, simplifying the process of obtaining visas for IT professionals, and promoting a culture of innovation and entrepreneurship. This will help to attract foreign investment to the sector and provide a platform for young people to showcase their skills and contribute to the growth of the industry.