In a recent statement, the Federal IT Minister Syed Amin-Ul-Haque has described the recent measures announced by the government as insufficient and demanded more incentives and reforms for the progress of the IT sector. The new measures announced by Finance Minister Miftah Ismail comprise the withdrawal of the withholding tax, statement conditions, and capital gains […]
On Friday, Minister for Finance and Revenue Miftah Ismail announced that the government has now decided to withdraw withholding tax and condition of statements imposed on the IT sector of Pakistan. While concluding the budget debate conducted in the National Assembly, the finance minister stated, “the IT companies earning less than Rs 80 million would not […]
In the recent news, Pakistan’s IT exports have sky-rocketed to $1.948 billion at a growth rate of 29.26 percent during July-March financial year 2021-22, in comparison to $1.5 billion in the same period last year, according to the Economic Survey 2021-22 published on Thursday. Pakistan’s IT exports comprise telecommunication, computer, and information services. The Government […]
According to recent reports, the Indian IT exports industry is on an upward trajectory in 2022, backed by the international demand recovery and increase in domestic manufacturing due to production-linked incentive schemes (PLI) according to several reports. Moreover, India’s outbound shipments have been assessed to surpass the US$400 billion mark and are foreseen to reach […]
In the recent news, the Ministry of Information Technology and Telecommunication (MoITT) has inaugurated three more Optical Fiber Cable (OFC) projects worth Rs. 5 billion for six districts in Sindh. The Optical Fiber Cable projects will deliver high-speed connectivity to 4.2 million residents in Larkana, Hyderabad, Badin, Qambar Shahdadkot District, Jamshoro, and Badin, and will […]
On Tuesday, Federal Minister for IT and Telecommunication Syed Amin Ul Haque directed to expedite the procedure of giving cash rewards to the IT corporations. Supervising the 51st Board of Directors conference of the Pakistan Software Export Board (PSEB), the IT Minister further provided the directions for developing a timeline in this regard. IT […]
Pakistan’s Information Technology (IT) export remittances have surged by 29.26 percent to $1.94 billion from $1.50 billion in the current fiscal year (2021-22). The value of Pakistani IT exports continues to close down the $2 billion mark in FY22. The IT exports in the month of March were also $58 million higher than remittances generated […]
On Sunday, President Dr. Arif Alvi advised the young generation of Pakistan to gain maximum benefits of the IT-related world market that may assist in the widespread growth and prosperity of Pakistan. The president spoke these encouraging words while addressing an international webinar titled ‘current entrepreneurship aspects in the digital world’ organized by the Joint […]
After proposing an increase in IT sector tax measures, the government received a strong backlash from the IT and telecom industry against the new upped tax rates. Now, the government is considering revisiting the IT sector tax measures suggested in the mini-budget. Not only the five telecom firms have communicated their concerns and dissatisfaction over […]
The Ministry of Information Technology and Telecommunications (MoITT) has formulated a strategic framework and directions for the rollout of 5G technology in Pakistan, proposing that various institutions should begin working in this direction in their particular domains. The Ministry’s Policy Guidelines recommend that the Ministry of IT, Pakistan Telecommunication Authority (PTA), Pakistan Electronic Media […]