LAHORE: Pakistan’s foreign exchange income would increase by up to $2 billion if banking regulations were amended to enable swift payment options for IT companies that keep their income abroad so paying clients was easier.
Current government policy for the IT sector was toothless, which meant the sector was performing much below its potential.
These were the thoughts shared by Uzair Arshad in an exclusive interview with The News International. Uzair is a fourth-generation entrepreneur, a computer sciences graduate, and founder of one of the top software gaming producing studios in Pakistan, Emblem Technologies.
He said the current IT policies did not constitute actionable documents, as they did not define government’s digital agenda and commitment.
“For the IT policy to have teeth, it should also set the stage for a governance structure and roadmap to achieve clearly stated and measurable results. The successful execution of a digital plan cannot be left to one ministry. Its ownership must be extended across departments, ministries, and government priorities,” he asserted.
India has achieved the status of international IT industry hub with long-term investments and commitment from the government. Since the achievement of IT-led development requires a long-term commitment, such a plan requires public-private support.
IT policy of Pakistan does not talk about human resource development. Thus, there is need to adopt the policy of brain gain in Pakistan.
“Brain gain means...
Read Full Story: https://www.thenews.com.pk/print/989618-it-sector-to-earn-pakistan-2bn-if-bank-regulations-amended
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