Prime Minister Imran Khan allegedly gave a green signal to create a 40 acre city of software in Islamabad to try and bring Pakistan’s IT exports up to 10 billion dollars.
The PM Khan held a meeting on Friday with senior officials from the Ministry of IT and Telecommunications (MOITT) to discuss ways to strengthen Pakistan’s IT sector.
PM Khan made a number of important decisions during the meeting that would boost long-term IT exports.
The most important result is the development of a software town in Islamabad, which stretches over 40 acres. The state-of – the-art facilities in a new software city are granted to tech companies and startups.
In addition, the federal government will soon introduce a software exporter relief package to help exporters grow further.
PM Khan has ordered MOITT to abolish the double tax imposed on software exporters by both federal and provincial governments. Small scale software exporters will also be provided foreign currency at a rate lesser than the market rate.
The meeting also agreed to digitally connect all HEC recognized universities in Rawalpindi and Islamabad to facilitate the students. These universities will also be required to buy software developed in Pakistan to boost the local industry.
PM Khan has also directed MOITT to digitally connect distant cities with the rest of the country using telephone towers on a priority basis.