Sunday, August 14, 2022

The govt wants IT exports to reach $15 billion in 3 years

Syed Amin-ul-Haq, who is in charge of IT in Pakistan, said govt wants IT product exports worth $15 billion by the end of three years. He spoke at the National Incubation Center in Karachi. Which is also part of the NED University of Engineering and Technology (NICK).

On the panel were U.S. Department of State S/R for Commercial and Business Affairs Dilawar Syed, Dr. Syed Akbar Zaidi, Executive Director of the Institute of Business Administration. And also Atif Rais Khan, Founder, and CEO of LMKT. With a goal of $3 billion for FY 2022-23 and a three-year plan goal of $15 billion. Govt IT exports also should reach $2.6 billion in 2021-22.

Digital Pakistan

He said that the IT ministry has taken many steps to develop the industry in line with the goals of Digital Pakistan. This has led to better internet, broadband, and also cellular coverage. There are now 193 million Pakistanis who can use cell phones and the internet. In FY 2018-19, there were 160 million.

Minister Aminul Haq said that the government plans to roll out 5G in Pakistan this year by making broadband more available and improving 4G service. The IT minister says that via March, all government departments are always digital. And cabinet meetings will no longer use paper.

He went on to say that NICs were very important for encouraging people to start their own businesses in the country. He said that NICs helped start more than 1,000 new businesses that went on to create hundreds of new jobs. In FY 2019-20, business income went from $75 million to $373 million, which is a 500% increase.

The IT minister said that by next year, half of the people working at NICs will be women. He stressed the importance of a diverse workforce for the growth of the country. During the panel discussion, U.S. Ambassador Dilawar Syed said, “U.S. investors are drawn to Pakistan’s large number of young people and its entrepreneurial spirit.”

Read more: An IT Excellence Center is coming to Rawalakot

He said that the U.S. plans to build on 75 years of economic cooperation between the U.S. and Pakistan. Increasing bilateral trade, encouraging investment, and opening up more educational and business opportunities. In his speech, he said that the United States backs giving Pakistani women and girls more power.

Syed said that Pakistan’s business potential can be reached by helping women and also other underprivileged groups learn more about computers and money.

During a previous meeting, Pakistan’s IT Minister and a U.S. special representative talked about how to improve Pakistan’s environment for entrepreneurs. After that, they went to the facility and met with business leaders from Pakistan.

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