Pakistan is looking forward to promote information technology (IT) & has made plans to attract more foreign investment & create significant amount of jobs in IT sector.
Mr. Pervaiz Elahi, Chief Minister of Pakistan said that govt. is looking forward to promote information technology (IT) & has made plans to attract more foreign investment & create significant amount of jobs in IT sector.Pakistan's IT sector is accelerating socio-economic activity & the govt. is planning to set up Technology Park & Internet city in the country. The minister said that technology park would match international standards & cost around US$ 40 Million & is expected to generate US$ 150 Million annually. He said that the park would be made to attract IT & telecom investments & significant employment opportunities for IT professionals in the country.
In past 6 years, lots of improvements were seen in country's telecom industry. Affordable bandwidth prices & comfortable web access are the key highlights in this process. However, Pakistan's IT sector is still in infancy & far behind from global IT sector.
Brain drain has been among the major problems. Unemployment in the sector is due to the lack of skilled & high-level programmers & IT experts in the country as majority of the intelligent population is moving to other destinations.
Moreover, inability of Pakistan-based companies to penetrate international markets in order to provide sector with needed communication capabilities & hand-width of international standards at a competitive price is a major hindrance.
An IT sector analyst at RNCOS said, "Private sector can be utilized to fuel the growth and development in IT & telecom sector.. Govt. needs to act as a catalyst in providing maximum opportunities to private sector firms to lead the IT development process in the country."
"There's a need for developing an extensive bunch of skilled IT professionals to meet both domestic & international requirements. Also, offering business incentives to both local & foreign investors will ensure speedy development of IT sector," the analyst added.
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