Pakistan Prime Minister Imran Khan on Tuesday announced incentives for the Information Technology sector to enhance its exports and directed the authorities to develop Special Technology Zones (STZs) on a fast-track basis in Islamabad as well as all provincial capitals to create hubs of technology innovations.
''We are announcing a tax holiday and 100% Forex retention for IT/ITeS Companies and freelancers registered with Pakistan Software Export Bureau (PSEB) to incentivise investment in the IT sector for economic turnaround,” said Khan, who chaired a high-level meeting to follow up on his foreign visits and IT sector initiatives introduced by the government.
Emphasising on his vision to boost IT exports to USD 50 billion in the next few years, the Prime Minister highlighted the importance of unleashing the IT industry by providing them ease of doing business and the best incentives globally available, according to a statement issued by the PM Office.
He announced a historic reform package for the growth of the IT sector, including the establishment of Pakistan Technology Startup Fund to provide seed funding worth PKRs. 1 Billion to around 50 Startups annually.
Prime Minister Khan directed the authorities concerned to establish Special Technology Zones (STZs) on a fast track basis in Islamabad and all provincial capitals to create hubs of IT and technology innovation and investment in cities.
In the first phase, Islamabad will be declared as Special Technology Zones so...
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