40-acre Software City to be Established in Islamabad – Research Snipers

40-acre Software City to be Established in Islamabad

islamabad

Reportedly, Prime Minister Imran Khan has given permission to establish a 40-acre software city in Islamabad. The aim of this step is to take the IT exports of Pakistan to $10 billion.

A meeting took place of PM Khan with the high ranking officials from the Ministry of Information Technology and Telecommunication (MOITT) to explore how they can strengthen the IT sector of the country.

Some key decisions were taken by PM Khan during the meeting that would help in increasing the IT exports in the long term. The most important decision taken in the meeting was to develop an over 40 acres software city in Islamabad. At the software city, the tech companies and startups would be given state of the art facilities.

Also read: FBR Decides to Buy Original Software After US Allegation

Also, the federal government will introduce a relief package for small scale software exporters to help them in growing further. It has been ordered by PM Khan to MOITT to abolish the double tax imposed on software exporters by the federal and provincial governments. The foreign currency would be given to small scale software exporters at a lesser rate than the market rate.

Also, it was agreed in the meeting to digitally connect all HEC recognized universities in Rawalpindi and Islamabad in order to facilitate the students. Furthermore, these universities are required to purchase software developed in Pakistan to give a boost to the local market.

MOITT has been directed by PM Khan to digitally connect distant cities with the rest of Pakistan using telephone towers on a priority basis.

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