Skip to main content

Pakistan’s IT & ITES export likely to cross $5 billion by 2020


Pakistan’s IT and ITES exports are expected to exceed $5 billion by the year 2020.


It is expected that Information Technology (IT) and Information Technology Enabled Services (ITES) export of Pakistan will touch the mark of $5 billion by 2020 due to the tax relief government has given to the IT sector. The launch of strategic initiatives and major tax exemption announced by Premier Shahid Khaqan earlier this month has given IT sector a massive opportunity to increase its export rate.
The government has also launched capital repatriation incentives for the private sector that means the transfer of foreign capital or money back to the home country to increase its revenue. Giving 5% cash reward on IT export is also included in the agenda to boost the IT industry of Pakistan in international markets. Pakistan’s IT sector has already crossed $3 billion export in this year and now it sets a new target.
Talking to the Associated Press of Pakistan (APP), the ministry stated; Pakistan’s ICT sector can show remarkable growth and development in the coming years if continuous attention and opportunities are given to software development, e-governance, IT’s export, IT workforce export and smart monitoring. The minister further said the CPEC will bring more opportunities for innovation and growth of the e-commerce and IT sector that will eventually transfer the country into a hub of trade and commerce.
Minister of Information Technology and Communication also said that bringing ICT to remote and unprivileged parts of the country will open new employment opportunities for the people.
Last week, Anusha Rehman Federal Minister for Information and Technology while visiting PTA said it is a proud moment for Pakistan as the growth rate of exports have jumped to 125% over the last five years. The minister also added that the IT industry is not only growing in terms of the number of companies and revenue but also in exports and workforce on a yearly basis.
Labels:

Comments

Post a Comment

Popular posts from this blog

Huawei Unveils 8e Youth With a Tall Display & Android Oreo For Cheap

HANDSETS Huawei just unveiled the Enjoy 8e Youth, a low-end phone with a tall 18:9 display. Huawei just unveiled a new entry-level smartphone, called Huawei Enjoy 8e Youth, as part of Huawei’s low-mid range lineup. Unlike the previously launched  Enjoy 7S , this one comes much cheaper and with low-end hardware. The key selling point for the Enjoy 8e Youth is its budget price over decent hardware. Let’s take a look at its specifications, Design & Display The design is much similar to most Huawei midrangers launched in the recent years, the top and bottom bezels exhibit minimal but symmetrical shapes while the volume rocker sits right above the power button on the right edge. On the rear, instead of a fingerprint sensor, there’s Huawei’s branding below the dark horizontal array housing a single lens and an LED flash. The body, measuring 146.5 x 7.09 x 8.3 mm, has a metallic finish. For the display, it comes with a 5.45-inch IPS panel with an HD+ ...
Post a Comment
Read more

Develop your own game by learning these free courses

We recently recommended courses you should learn before you will launch your first startup in order to avoid some common mistakes. In Quick Tips today, we’ll recommend you some free courses that will help you make your first game and begin your career as a developer. Before we highlight the details of the courses you ought to take, here are some introductory courses which will prepare you to learn these courses more effectively; Java Programming Basics  – Prepare yourself for programming on Android and the Web Introduction to JavaScript  – Create animations and understand variables and strings. When you have gone through those courses above then proceed to ones given below to develop your first game: 1. Create a 2048 game in just 1 day For those who have zero experience in programming and don’t want to take the above courses, then enroll in this course from Udacity. You will learn the basics of HTML and CSS as well as their interaction with JavaScript. ...
Post a Comment
Read more

6 Portable & Affordable Gadgets To Cool You Down In The Heat

It’s all well and good when you’re at home under the breeze of your air conditioner, wearing your thinnest cotton pajamas and sleeping on your squishy cooling pillow. But what about when you’re speed-walking from the train station to work in 85-degree weather in the middle of the city? Or when you’re at a barbeque in the park, all the awnings were taken, and no one remembered to bring a sun umbrella? If you’re looking forward to the beach days and the outdoor concerts, but not so much to the whole sweating-through-your-clothes thing, no worries: There are portable options. Here’s a list of the coolest and most effective gadgets out there for overcoming the heat, minimizing the sweat, and finding your happy place, even in the midst of a heatwave. Use Your Phone's Power To Stay Cool Portable USB Fan , $6, Banggood This  portable USB fan plugs right into the side of your phone, laptop, power bank or tablet to deliver a cooling breeze right to your face, wherever ...
Post a Comment
Read more