ISLAMABAD: The government has decided to increase IT exports to more than $5 billion dollar by year 2020.
This was stated by Minister for IT & Telecom Anusha Rahman, while addressing the participants of a seminar, jointly organised by the Punjab School Education Board (PSEB) and Ministry of IT. The seminar was attended by CEO’s of around 200 IT Companies who discussed the upcoming IT Policy, 2016, said a press release issued by Ministry of IT.
The minister said that the IT remittances had grown by over 41 percent since last year. She asked the IT companies to report their foreign remittances under specific state bank’s code so that an accurate picture of Pakistan’s IT exports could be shown to the world.
Anusha emphasised that the IT industry would have to collaborate with the government on defining KPIs for the IT sector over the next five years, such as increase in remittances, foreign direct investment and employment generation so that a solid case of tax exemption on exports could be made to the FBR and the Ministry of Finance.
The minister further said the IT exports could easily exceed $5 billion over the next five years, because of the cost advantage as well as the big IT talent found in Pakistan.
