Pakistan’s information and communication technology (ICT) exports could grow by 30% over the next few years as long as we provide well-trained human resources, infrastructure for ICT projects in universities, support industry in terms of tax incentives and take full advantage of ICT cooperation opportunities under the CPEC framework.
This was stated by Prof. Dr. Waqar Mahmood, Director of Al-Khwarizmi Institute of Computer Science (KICS), University of Engineering and Technology (UET), in an interview with Gwadar Pro.
Pakistan’s telecommunication, computer and information services exports during the first 11 months of fiscal year 2021-2022 surged to ?2.381 billion at a growth rate of 25.45 percent in comparison to ?1.898 billion during the corresponding period of last fiscal year, according to Pakistan Bureau of Statistics.
Prof. Dr. B.S. Chowdhry, Professor Emeritus of Faculty of Electrical, Electronics, & Computer Engineering, and Advisor of Mehran University of Engineering & Technology (MUET), Jamshoro, believes that the disruption caused by the COVID-19 pandemic created a unique opportunity for Pakistan’s ICT exports. Government subsidies and Pakistan’s overall labor cost advantage attract customers from all over the world.
As per Pakistan Economic Survey 2021-2022, investment (FDI & local) in the telecom sector during July to February FY2022 crossed ?930.1 million. During July-March FY2022, the telecom sector contributed Rs. 163.3 billion (estimated) to...
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