IT park to help boost exports: Minister

TechnologyIT park to help boost exports: Minister

ISLAMABAD, Pakistan: Minister of State for Information Technology and Telecommunication Anusha Rehman Tuesday said the information technology software park being set up in the federal capital would help boost exports from the country.

While speaking at the IT Awards 2016 ceremony, the minister said that approval for the software park, which would be established by Pakistan Software Export Board (PSEB) in collaboration with Korea Exim Bank, had already been obtained.

She said the information technology (IT) sector was facing many challenges. The government would help IT, telecom and software companies to improve the volume of export, she added.

Anusha said the Exim Bank was investing $50 million for the IT park in the capital. The park spreading over an area of 45 acres would help promote the IT industry, local software experts, attract international companies to the local market, and increase IT exports by an estimated $120 million, she added.

Some 150 IT companies, she said, would be accommodated in the software park.

She said two IT parks would be established in Lahore and Karachi also.

She said the PSEB was doing valuable work and the new IT park would only further add to their efforts in strengthening Pakistan’s IT industry. The main purpose of the IT park would be to drive companies in developing more hardware and software solutions, thus boosting the country’s IT export, she added.

Anusha said, “I am confident that with this resolve and under the visionary guidance of Prime Minister Muhammad Nawaz Sharif, we shall make Pakistan a digital Pakistan.”

The minister said the Incubator in Islamabad was going to start work next month with the efforts of PTA chairman in which 3000 interns would get IT training, 30 per cent of them would be female.

After Islamabad the incubators would be established in Peshawar, Quetta, Karachi, Lahore and backward areas of Federally Administered Tribal Areas (FATA) and Balochistan, she added.

The minister said the Google team had expressed its will to work with the youth of Pakistan as they were very vibrant, intelligent and challenging.

“Our main agenda is to digitalize Pakistan. Over 60% of 200 million people of Pakistan comprise of young people and they are the main strength and we are here to groom them and convert them into entrepreneurs to make them productive citizens of the country,” she added.

She said the actual volume of software extorts was four time more than the amount recorded by the State Bank of Pakistan.

According to a survey, Pakistan’s IT export revenue was Rs 2.7 billion while as the SBP it was Rs 500 million, she added.

Anusha said,” With our USF arm we are launching projects worth multi-billion to pass on the benefits of telecommunication and broadband services to the underserved and unserved masses.”

The awards were distributed among 10 IT exporters including NETSOL, Systems Limited, S&D Global Pakistan, Teradata, TRG. MTBC, Ovex Technologies, Global Payments Leader, LMKR and Mentor Graphics Pakistan.

Inbox at a glance, Infotech and NIFT were declared the top three IT domestic businesses while top three `IT startups’ were SYNERGY-IT, Venturedive and MD Vision.

Estica, Solotech and Xgrid got `innovation’ awards.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Pakistan-China Institute concludes 4th batch of Balochistan Youth Engagement Program, empowering future leaders Islamabad, 25 November 2024: The Pakistan-China Institute, in collaboration with the Embassy of the People's Republic of China in Islamabad, successfully concluded the 4th Batch of the Balochistan Youth Engagement Program, featuring participants from the University of Gwadar. This initiative aims to empower the youth of Balochistan by providing exposure to key stakeholders, fostering strategic dialogues, and promoting cultural immersion. Over four days, the program offered students a unique opportunity to engage with diplomats, business leaders, and policymakers, deepening their understanding of the China-Pakistan Economic Corridor (CPEC) and its transformative role in Balochistan’s development. During their visit to the Chinese Embassy in Islamabad, the students were warmly received by Mr. Wang Shengjie, Political Counsellor, who delivered an inspiring speech highlighting the enduring Pakistan-China friendship. He underscored the importance of youth in strengthening bilateral ties, stating, “The youth are the custodians of the future. Programs like these are crucial in fostering people-to-people connections between our two nations.” The students were also introduced to the CPEC framework through a presentation and video by young diplomats, illustrating the initiative’s impact on regional connectivity and economic growth. On the second day, the delegation visited the China Media Group office in Islamabad, where they explored initiatives aimed at fostering media collaboration and promoting cultural understanding between Pakistan and China. This was followed by a visit to the Ministry of Foreign Affairs, where the delegation was warmly welcomed by Ms. Mumtaz Zahra Baloch, Spokesperson for the Ministry of Foreign Affairs. During an in-depth briefing, Ms. Baloch shared valuable insights into Pakistan's foreign policy priorities, particularly its strategic engagements with key regions, including China, the USA, the Middle East, Central Asia, and Africa. She emphasized that Pakistan’s relationship with China remains the cornerstone of its foreign policy, rooted in mutual trust and shared interests. The delegation also had the honor of meeting Deputy Prime Minister and Federal Minister for Foreign Affairs Ishaq Dar. Additionally, they participated in a dialogue with the China Chamber of Commerce in Pakistan (CCCPK), where representatives of Chinese enterprises discussed ongoing projects and investment strategies. Mustafa Hyder Sayed, Executive Director of the Pakistan-China Institute, remarked, “This program exemplifies how diplomacy and development converge. By engaging with stakeholders, the youth of Balochistan can better understand the opportunities that CPEC and bilateral cooperation offer.” The students also visited the Institute of Strategic Studies Islamabad (ISSI) to explore the dynamics of policy and strategy. On the third day, a major highlight was a lecture delivered by Ambassador Naghmana Hashmi, Former Pakistani Ambassador to China. She addressed the challenges posed by misinformation and emphasized the role of Chinese investments in Balochistan’s socio-economic upliftment. In her address, she stated, “Misinformation about Balochistan undermines the progress being made. It is imperative to showcase the tangible benefits that Chinese collaboration has brought to the region.” Another significant session was led by Zou Yaodong, Chief Staff of the Administration Department of the China Overseas Port Holding Company (COPHC). He provided a detailed overview of Gwadar’s development under COPHC’s leadership, highlighting its strategic significance in the CPEC framework. “Gwadar is a symbol of hope and prosperity for Balochistan and Pakistan. COPHC is committed to making it a hub of regional connectivity and economic transformation,”he said. The cultural aspect of the program included visits to iconic sites in Islamabad, such as the Pakistan Monument, Lok Virsa Museum, and Margalla Hills. These excursions deepened the students’ connection to Pakistan’s rich cultural heritage, complementing the program’s educational focus. The 4th Batch of the Balochistan Youth Engagement Program continues to exemplify the Pakistan-China Institute’s dedication to nurturing future leaders and fostering regional connectivity. By equipping youth with knowledge, exposure, and critical insights, the program strengthens the foundation for a prosperous Balochistan and reinforces the enduring Pakistan-China partnership.

Pakistan-China Institute concludes 4th batch of Balochistan Youth Engagement Program

0
Islamabad, Pakistan: The Pakistan-China Institute, in collaboration with the Embassy of the People's Republic of China in Islamabad, successfully concluded the 4th Batch of...

PTI Protest Updates: Failure of Final Call proves the public rejects Imran Cult

0
Islamabad, Pakistan: The PTI “Final Call” of protest has proven to be the final and last nail in the political coffin of the party...

Panic in Power Corridors continues on the Second Day of the PTI Protest as...

0
Islamabad, Pakistan: The Media Blackout, the closure of roads with cargo containers, and the cutting of the capital city of Islamabad from the rest...
Pakistan may not be relevant for the Trump administration

Pakistan may not be relevant for the Trump administration

0
Monitoring Desk: “Pakistan may not be relevant for the Trump administration, which has more pressing concerns on its agenda. In the absence of significant...
Is it not a senseless, shameless and inhuman act of CM Gandapur to lead protest leaving 80 dead bodies in clashes of Kurram district?

A shameless act of Gandapur to lead a protest leaving 80 dead bodies in...

0
DND ReportPeshawar, Pakistan: Over 80 persons dead in one week in tribal cum sectarian conflicts in Kurram district but Chief Minister Amin Ali Gandapur...
Advertisement