News Source : GVS
The Government has decided on building Special Technology Zones (STZs) in Lahore, Karachi, Islamabad, Quetta, and Haripur. Prime Minister has recently inaugurated one in Islamabad. These zones are expected to provide employment and attract investment.
4th industrial revolution is taking place and it is largely digital. In 2021, the global information technology (IT) industry is estimated to be valued at 5 trillion U.S. dollars. Asia is expected to be a large contributor to the global information technology industry, with 32 percent of the market share.
However, Pakistan lags behind the world. With our IT industry’s revenue at $3.5 billion dollars. Even though Pakistan is the third most popular Freelancer destination according to the Online Labor Index by Oxford Internet Institute, the $1.2 billion industry is not regulated by the central bank owing to the outdated regulations in the economy.
Pakistan’s exports of information technology and enabled services are expected to reach $1.2 billion by the end of the current fiscal year compared to $831.4 million a year earlier.
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