Pakistan is a country where every filthy wealthy, everyone, was hell bent on going for one sector, The Real Estate, and they not only dashed for it in Pakistan, but also in UK and UAE, because to them there is just one investment that can take the country to prosperity, and it is Real Estate. And see what happened, we are bankrupt in the entire sub-continent, our currency has no value.
Pakistan PM calls for global information technology expert recruitment to boost national economy. And that is good, a wise decision which India made decade before. Caretaker Prime Minister Anwaar-ul-Haq Kakar issued instructions on Wednesday to create a policy framework to draw top information technology experts from various parts of the world to strengthen the sector in Pakistan while observing it could help boost the national economy.
The government has taken several initiatives in recent months to develop the IT sector to attract foreign investment, create greater employment opportunities and position the country as a competitive player in the global tech industry.
Among these initiatives is the country’s decision to set up Special Technology Zones (STZs) that will offer a number of incentives like tax exemptions along with the necessary infrastructure and connectivity support to facilitate IT companies and professionals with their work. Kakar highlighted the potential of the information technology sector while chairing the fifth meeting of the Board of Governors of Special Technology Zones Authority held in Islamabad.
“The Prime Minister said that the IT sector can play a key role in the country’s economy,” said a statement circulated by his office after the meeting. “He directed to make necessary policies to attract IT experts from all over the world to Pakistan for the development and promotion of IT in the country.” He told the participants of the meeting that the government had taken steps to promote foreign investment in the IT sector, adding that significant progress had already been made in the area.
The meeting also focused on issues related to the establishment and working of Special Technology Zones in the country. Pakistan’s IT sector captured the attention of the authorities after local startups began to display notable performance in recent years by getting significant international funding, reflecting growing investor confidence in the potential of the country’s tech market and its entrepreneurs.
These startups have been thriving in various sectors such as e-commerce, fintech, health-tech, ed-tech, and logistics. The government, in recent months, has also tried to explore various markets for the country’s IT exports while focusing primarily on the Middle East and Gulf countries.
