Revitalize IT exports by removing bottlenecks, says Dar

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Revitalize IT exports by removing bottlenecks, says Dar
Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar chaired meeting of Prime Minister’s Task Force on Information Technology (IT) and Telecom at Finance Division, Islamabad on October 23, 2022.

A meeting chaired by Finance Minister Ishaq Dar was held on Sunday to discuss the factors behind declining IT exports and how to bring them back to a growth trajectory so that the ICT sector can resume growth.

Despite his importance of the IT sector, Dar said that the government accords priority to this sector to enable it to utilize its full potential and that the sector is a priority in the Prime Minister’s Task Force on Information Technology (IT) and Telecommunications.

Must Read: Pakistan’s IT exports registered a 10% decline compared to the same period last year.

During a recent interview, the finance minister stated that the Pakistani economy could benefit greatly from the development of this sector since it has considerable growth potential.

Following a review of the proposal of the Ministry of Information Technology and Telecommunications, the Minister gave instructions to the concerned authorities in order to facilitate the IT sector by removing bottlenecks and making it easier to export information technology products.

Must Read: Remittances from IT exports reach all-time high 

Syed Amin Ul Haque, Minister for Information Technology and Telecommunications and Secretary for Youth Affairs, Shaza Fatima attended the meeting as well as Tariq Bajwa, Secretary of Finance and Secretary of Information Technology, Chairman of the Federal Reserve, Chairman of the Public Service Commission, Chairman [email protected] Zohaib Khan, and other senior officers.

Relevant Article:

IT exports in Pakistan have seen a decline in recent months, with its export remittances dropping by 0.3% over the first quarter of the fiscal year 2022-23. This downward trend is reflected in September’s data, which shows that ITeS exports declined by 10% on a month-on-month (MoM) basis. Despite this downturn, IT remains an important sector of Pakistan’s economy, and maintaining its growth will be a priority for policymakers moving forward.

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