KARACHI: Chairman Special Economic Zones (STZA) Amer Hashmi said technology has the potential to pull up the GDP of Pakistan and the new government should facilitate STZA to bring investment, technology and create employment for those skilled in technology.
“Pakistan has always faced ‘brain drain’,” STZA Chairman told The News. “If we provide them with similar opportunities, which they get in, for instance, Dubai, why would they leave their families then?”
Hashmi said that they have asked 150 global investors to invest and start their operations in Pakistan.
“Many have shown interest. But it depends on the stability and law and order situation in the country,” he said.
Hashmi said that recently a Google delegation headed by Tim Paolini, the Google APAC lead for Cloud, recently visited the office of the STZA in Islamabad along with leaders of Tech Valley Pakistan.
The visiting delegates were briefed about Special Technology Zones being developed by STZA across Pakistan and the special
fiscal and monetary incentives, including but not limited to 10-year tax and duty holiday, and support being offered to domestic and foreign tech companies in the Special Tech Zones.
“If companies such as Google enter Pakistan with a range of products, then startups would take further boost in the country. Moreover, jobs would also be created,” Hashmi added.
He said that STZA has shown interest to help Google expand its existing footprint in Pakistan by jointly working on strategic technology...
Read Full Story: https://www.thenews.com.pk/print/955840-stza-hopes-for-incentives-from-new-government
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