Caretaker Federal Minister for IT and Telecommunication Dr Umar Saif has unveiled the roadmap to achieve the target of $10 billion in annual exports through four major dimensions.
Speaking as a chief guest at the 23rd ITCN Asia 2023 “Declaring Pakistan The Regional ICT Hub,” he stated the annual IT export could be increased to $3.5 billion from the present level of $2.6 billion by providing confidence to IT companies to retain their exports income in special accounts of Pakistan banks.
Special forex accounts and online banking platforms were necessary for IT companies to invest in the core infrastructure for purchasing essential software services and hardware equipment, he remarked.
The ministry, through a partnership with the private sector, would train 100,000 software developers to enhance the exports by $2 billion per annum, which would translate the export values to $5.5 billion.
In this regard, various training programs and boot camps would be organized to build the capacity of our university graduates in accordance with in-demand skills of the IT industry, he said and added the training and development would also employ thousands of graduates in the country who would support themselves and their families.
” Presently, our higher educational institutes produce 35,000 to 40,000 graduates every year in different disciplines, and merely 10 percent are employable.”
Dr. Umar Saif further said that Pakistanis were the second largest online workforce community in the world, however, revenues earned by them were reflected in remittances of overseas Pakistanis because of the unavailability of the international payment gateway, Paypal.
The facilitation of freelancers through a global payment gateway and easy account facility would also enhance exports by another $2 billion.
The freelancers were being empowered with training in different skills, but an ecosystem and workstations were equally vital for them to enhance their contribution to exports of IT and IT-enabled services, he stated.
Therefore, the government, in collaboration with the private sector, would create space on 5,000 points in different cities for freelancers.
Besides, the tax rate on the income of freelancers was extremely high, which should be equalized to the tax rate of the IT industry at 0.25%. Hence, the rising trend of the Gig economy could also be facilitated in Pakistan.
Regarding the telecom sector, Caretaker Federal Minister vowed the launch of 5G technology which would be made possible through the auction of 300 MHz in consultation with all stakeholders. Also, the capacity of the spectrum would also be increased to double from the present level to meet the demand of the customers.
Dr Umar Saif added a special financing facility should be proposed for mobile phone manufacturers to enhance the production of mobile phone handsets with enhanced qualities.
