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Islamabad, June 09, 2023 (PPI-OT): Prime Minister Muhammad Shahbaz Sharif’s big decision to increase domestic IT revenues.
Prime Minister’s big decision to bring fixed tax regime.
Prime Minister to constitute a committee for fixed tax regime, directed to submit recommendations immediately.
Prime Minister’s directive to prepare a big package for the IT sector in the next fiscal year’s budget.
In-principle approval to provide special incentives to new business start-ups in the IT sector.
Decision to give special concession to promotion of business and trade through modern technology and IT.
Also decided to take steps to encourage youth to start their own business in the IT sector.
Also approved a special program for major expansion of youth skilling program in the field of IT and advanced technology.
The prime minister also approved the major decision of creating special training IT zones.
The government will spend a significant amount of money on vocational training of the youth in the budget. Prime Minister.
Currently, 45,000 youth are being provided with IT skill training in the country. Prime Minister.
The government will provide laptops to 1 lakh youth on merit in the upcoming budget. Prime Minister.
During our previous regime, we provided laptops to the youth, thanks to which the youth brought foreign exchange to the country during the Corona epidemic. Prime Minister.
Provision of tax incentives to IT companies under Special Technology Zones will be ensured. Prime Minister.
Prime Minister’s directive to include IT-related recommendations in the next financial year’s budget.
The approval of the budget recommendations in the IT sector will create new employment opportunities in lakhs.
The Prime Minister also directed measures to provide special guidance and government support to the youth for setting up new companies in the IT sector.
Prime Minister also directed to organize road shows of the IT sector abroad and to inform about the facilities in this sector.
The Prime Minister gave the IT sector a target to increase its exports to 4.5 billion dollars next year.
The decision to extend the facility of keeping 35% of the income of the IT sector for three years to increase its efficiency.
Prime Minister’s directive to the IT Ministry and relevant authorities to finalize the suggestions of measures to facilitate the budget in collaboration with the sector.
Obstacles in the way of fiber cable production at the local level should be removed for the development of the telecom sector. Prime Minister’s directive.
A meeting was held on budget proposals regarding IT and telecom sector under the chairmanship of Prime Minister Muhammad Shahbaz Sharif.
Federal Ministers Ishaq Dar, Syed Aminul Haq, Maryam Aurangzeb, Adviser to Prime Minister Ahad Khan Cheema, Minister of State Ayesha Ghos Pasha, Special Assistants Tariq Bajwa, Jahanzeb Khan, Tariq Pasha, Shaza Fatima Khawaja, Senator Afnanullah, Governor State Bank, Chairman FBR, concerned senior officials attended. Apart from this, well-known experts from the IT sector including Asif Peer, Zohaib Khan, Naseer Akhtar, and from the telecom sector, Hatim Bamatarf CEO PTCL, Mudsar Hussain Vice President Jaz and Kamal Ahmed Deputy CEO Telenor. Participation.
The meeting was informed in detail about the development of IT and telecom sector and increase in IT exports. The meeting was told that the government is taking comprehensive measures to increase the exports of the IT sector in the budget, thanks to which the target has been set to increase the current IT exports by 100 percent. The meeting was further informed that currently around 45 thousand youths are being given vocational training in IT sector in the country who after completion of training will not only be self-sufficient in terms of employment but also a means of generating more employment. will become The Prime Minister issued instructions to finalize the budget proposals for the development of the ITV Telecom sector.
For more information, contact:
Prime Minister’s Office
Islamic Republic of Pakistan
Email: info@pmo.gov.pk
Website: https://www.pmo.gov.pk/