PM Shehbaz Targets $25 Billion IT Exports in Three Years

In recent years, the Information Technology (IT) sector has emerged as a vital component of Pakistan's economy. With the global demand for IT services skyrocketing, the Pakistani government is keen on tapping into this potential. Prime Minister Shehbaz Sharif has set an ambitious target of achieving $25 billion in IT exports over the next three years. This goal reflects the government's commitment to enhancing the telecommunications sector and positioning Pakistan as a competitive player in the global IT market.

During a meeting held on Friday, Prime Minister Shehbaz Sharif emphasized the importance of the IT sector in driving economic growth. He pointed out that the completion of the Information Technology Park project in Islamabad would serve as a significant milestone in reaching the export target. The Prime Minister expressed satisfaction with the progress made on this project, which aims to create a conducive environment for IT companies to thrive.

To expedite the project, PM Shehbaz instructed officials to engage with Korean experts. This collaboration is expected to help streamline processes and reduce the timeline for completion. The Prime Minister's proactive approach demonstrates a clear understanding of the challenges faced in the IT sector and the need for expert guidance to overcome them.

In addition to discussing the IT Park, the Prime Minister met with a delegation from the Holland-based VEON Group, led by Chairman Augie K Fabela. During this meeting, he highlighted the government's plans to introduce 5G internet services across the country. This initiative aims to provide fast and reliable internet connectivity, even in remote areas, thereby supporting the government's vision of a "Digital Pakistan." The introduction of 5G services is expected to play a crucial role in promoting a cashless and digital economy.

PM Shehbaz praised the contributions of VEON Group's subsidiary, Jazz, in enhancing Pakistan's telecommunications and financial technology sectors. He expressed the government's willingness to collaborate with VEON Group in areas such as IT, digitization, and artificial intelligence. This partnership could lead to innovative solutions that further bolster the IT landscape in Pakistan.

The delegation from VEON Group acknowledged the government's efforts towards achieving economic stability and recognized Pakistan as an emerging investment destination for the IT and telecom sectors. This positive feedback is a testament to the government's initiatives and the potential for growth in these industries.

As Pakistan strives to meet its ambitious IT export target, the government's focus on infrastructure development, expert collaboration, and technological advancements will be crucial. The success of these initiatives could not only enhance the country's economic standing but also create numerous job opportunities for the youth. With the right strategies in place, Pakistan has the potential to become a significant player in the global IT market, paving the way for a brighter economic future.