Islamabad: Federal Minister for Information Technology (IT) Amin ul Haque on Thursday announced that the ministry had set an exports target worth USD 5 billion for 2023 via the country’s IT sector, a news source reported. Speaking at the IT Export Awards 2019 ceremony, the minister highlighted that Pakistan’s IT industry was progressing rapidly.
Haque said that the incumbent government was keenly interested in working with the IT sector. He stated that the ministry wanted to implement policies and measures for effectively energizing the exports and domestic technology adoption. He added that Pakistan’s IT sector was growing rapidly, earning foreign exchange, creating high-paying jobs, and improving the nation’s quality of life as well as productively via innovative solutions.
The minister pointed out that IT export remittances had reached over USD 1.2 billion during previous financial year, which was a higher number compared to its preceding fiscal year. He added that with this growth in mind, the ministry set a target of USD 5 billion for IT export remittances for FY2023.
Talking about IT parks, Haque said that groundbreaking of the IT park in Islamabad would be held at the end of 2020. He added that work was underway on an IT park in Karachi, and the one in Gilgit would soon be inaugurated.