ISLAMABAD:
Pakistan is experiencing a silent revolution in the IT industry.
Various incentives are being granted to the sector including the establishment of 15 software technology parks, zero income tax on IT and IT-enabled services export, zero income tax on Pakistan Software Export Board-registered IT startups and tax holidays for venture capital firms till 2024.
IT startups also remain on the radar of global investors and their exports continue to surge.
“The primary reason is that the requirement of ICT services in the global market has grown exponentially due to the pandemic and our rival countries were impacted due to Covid-19, so we got the overflow,” said Infotech Chairman Naseer Akhtar.
Tkxel Innovation and Technology Director Haseeb Khan believes that customers are attracted to Pakistani enterprises because of their service quality.
“For example, if you talk about web application development, we have expertise in .Net, Java, Python, Ruby on Rails and others,” he said. “Besides this, our organisation is a CMMI level-3 certified company, and we rank among top 1-2% of the global software companies in various authentic platforms.”
Facing the opportunities and challenges of the international market, Pakistan keeps finding ways to improve the capacity and seize the chance.
“Some services are advanced like artificial intelligence, blockchain, machine learning and internet of things and they are on top of the pyramid,” said Pakistan Software Houses Association Central...
Read Full Story: https://tribune.com.pk/story/2340938/great-potential-for-pakistans-it-upgrade
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