The significance of telecommunication and information technology is on the rise, driving innovation and new reforms in these sectors. The Special Investment Facilitation Council (SIFC) is actively promoting advancements in IT and telecom to bolster the country's economy.
SIFC is implementing various measures to strengthen the economy, ranging from promoting the latest technology to training the youth. Among its initiatives, technology zones and technology parks have been established to foster growth in the IT sector. These efforts are helping Pakistan's IT sector gain recognition both nationally and globally.
Under SIFC's supervision, policies have been formulated to offer tax concessions, ease of doing business, and financial assistance to IT companies. Additionally, incubation centers have been set up to support new startups, and special foreign currency accounts will be opened for IT companies.
A plan is in place to provide IT training to 200,000 university students and establish 10,000 e-employment centers. These initiatives are expected to attract external investments ranging from $10 billion to $20 billion into Pakistan's IT sector.
These measures are anticipated to strengthen and stabilize Pakistan's economy, marking the beginning of a new era of development.
