IT Ministry Set $3.2 Bln Export Target For FY: Senate Body Told
Mohammad Ali (@ChaudhryMAli88) Published July 29, 2021 | 10:37 PM
Senate Standing Committee on Information Technology and Telecommunication was informed on Thursday that the ministry has set a $3.2 billion IT export target for the current financial year
ISLAMABAD, (UrduPoint / Pakistan Point News - 29th Jul, 2021 ) :Senate Standing Committee on Information Technology and Telecommunication was informed on Thursday that the ministry has set a $3.2 billion IT export target for the current financial year.
The secretary of IT while briefing the committee said that Pakistan has achieved a milestone by exceeding the target of $ 2 billion IT sector exports as of June 30, 2021.
"The ICT export remittances, including telecommunication, computer, and information services have surged to the US $ 2.123 billion (largest exporter in services sector & highest net exporter with the US $1.573 billion in net exports) at a growth rate of 47,43% during FY 2020-21 in comparison to the US $ 1.440 billion during FY 2019-20," he said.
He expressed confidence that the target of $ 5 billion IT sector exports would be achieved by 2023. He said there was no doubt that the IT sector had a key role in strengthening the national economy and creating more job opportunities in the country.
The government has offered several incentives in taxes and procedures in the budget 2021-22 to encourage IT exports, He informed the committee that the National Broadband Policy was being finalized. He said that 5-G will be auctioned by 2023.
The Secretary IT informed the committee that there is a plan to register small IT companies in the stock market.
WhatsApp chat has end-to-end encryption but it can be hacked. " The ministry, he said, was also planning to create its own application.
Briefing on the CRS activities of mobile companies, the Chairman Pakistan Telecommunication Authority said that so far telecom companies had sent 2 billion free-of-cost awareness messages to the public about COVID-19.
Related Topics
Recent Stories
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
Walker returns to captain Man City for Real Madrid clash
Action taken against price list violations in Khanewal district
DC chairs review meeting of DEG
Turkey accuses Israel's Netanyahu of using war 'to stay in power'
Pakistan ranked 5th most vulnerable country to climate change. Tirmizi
Nadal comeback ends in Barcelona Open second round
More Stories From Pakistan
-
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinous attempt'
5 hours ago -
Action taken against price list violations in Khanewal district
5 hours ago -
DC chairs review meeting of DEG
5 hours ago -
Govt to ensure timely water supply in backward areas of Sindh: Jam Shoro
5 hours ago -
Bilawal condemns attack on PPP candidate in Bajaur
5 hours ago -
PRCS observed World Hemophilia Day
5 hours ago
-
Rain forecast across Kashmir on April 18th-19th
5 hours ago -
Local trader killed after abduction
5 hours ago -
Commissioner Karachi chairs meeting on civic problems
6 hours ago -
Blind murder traced, 5 including constable arrested
6 hours ago -
Sindh govt to introduce non-formal education system to facilitate 2 million out of school children
6 hours ago -
Mayor Karachi imposes rain emergency in view of rain forecast: COO KWSC
6 hours ago