Ibrahim Qureshi the President of All Pakistan Business Forum (APBF) said on Monday that with foreign investment coming into Pakistan, it is important to equally distribute the benefits of this investment to all provinces of Pakistan, provinces should provide with equal opportunities to build their infrastructure and trade activities along with their Information Technology (IT) sectors.
He further said that China’s investment plans and initiatives for boosting cross-border trade China-Pakistan Economic Corridor (CPEC) create new opportunities to set up new projects that can boost the IT sector.
Under the CPEC, the current project underway is the construction of optical fiber Cable (OFC) system between two countries provisioning data/voice traffic and seamless GSM coverage all along Karakoram Highway (KKH) for Gwadar—Kashgar Economic Corridor in Gilgit Baltistan—he added.
“The CPEC not only includes the building of Roads, Ports, Dams and Power projects but also connecting cities to cities and serving those areas with network and information coverage. All this requires improvement in the economy as well as IT industry, the IT industry in Pakistan likely to receive a significant boost during these projects.
Pakistan being a country of over 193 million people has a great potential in developing mobile and web-based applications and products with state-of-the-art connectivity infrastructure. Recently, reported by PTA that Pakistan has crossed the 74% of teledensity that is continuously increasing on monthly basis.