IT sector pakistan
SBP Allows IT Exporters to Retain 35% Earnings in Foreign Current Accounts
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“Exporters would be allowed to use their retained funds for legitimate business payments or expenses abroad,” said the State Bank of Pakistan, in its statement…
Punjab to launch special project on chip design in universities
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The Punjab government, in collaboration with the higher education department, is launching a ‘Chip Designing Tools’ project in universities. As reported by Dawn, a Memorandum of…
Govt to establish Special Technology Zones to promote IT exports: Mian Aslam Iqbal
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Provincial Minister for Industries Commerce and Investment Mian Aslam Iqbal said that the PTI government has planned to establish Special Technology Zones in order to…
Pakistan’s IT sector exports outperform all other sectors, with a 5 yearly revenue growth of 18.85%
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According to the annual Pakistan Economic Survey FY 2020-21, during the first two quarters of FY 2020-21, the overall investment in the Telecom sector exceeded…
Government hastily introduces Internet tax expected to hurt freelancers, takes it back in wake of severe backlash
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The PTI government presented its third budget valued at Rs. 8,487 billion on Friday, amidst the usual sloganeering and fiery speeches, but what set it…
Pakistan becomes the worst country for IT exports with zero facilities, as India leads in the region
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An alarming report by the Pakistan Software Houses Association for IT and ITeS (P@SHA) has revealed that after the recent withdrawal of the tax exemptions…
3 Pakistani startups beat 597 others from 44 countries to win big with a total Rs.146 million grant
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The GSMA Innovation Fund for Mobile Internet Adoption and Digital Inclusion recently announced three Pakistani startups as winners out of the 597 applications received from…
Bangladesh gives new tax exemptions to its IT industry as Pakistan does the opposite
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According to reports, Bangladesh has exempted 9 more ICT services from tax as part of its fourth Industrial Revolution (4IR), including cloud service, e-learning platforms,…
PM speeds up Islamabad Tech Zone development, approves Special Technology Zone Rules 2021
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Prime Minister Imran Khan on Monday directed the establishment of the Islamabad Special Technology Zone at the earliest while reiterating that the development and implementation…
Imran Khan’s Digital Pakistan vision bears fruit, IT sector exports record new growth of 43%
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Pakistan earned $1.52 billion through different Information Technology (IT) services during the first three quarters of the financial year 2020-21, exhibiting a growth of 43.61 percent…
Federal government to arrange a $158.5 million foreign loan for the establishment of an IT Park in Karachi.
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The Federal Government will arrange a foreign loan of Rs. 26.5 billion ($ 158.5 million) to establish an IT Park in Karachi. The total cost…
IT Ministry to establish two software technology parks in Faisalabad & Rawalpindi
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The Ministry of Information Technology and Telecommunication (MoITT) has signed two Memorandums of Understanding (MoU) for setting up software technology parks in Faisalabad and Rawalpindi…
End of the IT boom? Experts warn that withdrawal of Tax exemptions will hamper Pakistan’s IT exports
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The government’s decision to withdraw tax exemptions from the IT sector, initiate crackdowns on freelancers and IT companies, and issue tax notices to make them…
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