ISLAMABAD: Caretaker Federal Minister for Information Technology and Telecommunication Dr Umar Saif on Saturday stated that IT companies were set to benefit from a new facility allowing them to keep 50% of their earnings in dollars in their accounts.
“A global standard training program has been initiated for 200,000 IT graduates who have recently completed their studies from various universitiesâ€, the caretaker minister said in a statement issued here.
Lauding the Information Technology Ministry for exhibiting outstanding performance during the past four months, he gave credit to the Special Investment Facilitation Council (SIFC), saying the forum had played a significant role in obtaining timely approvals for the IT Ministry’s policies and projects.
He revealed that Pakistan will enhance connectivity through initiation of laying 200,000 kilometers of optical fiber cable.
He said the long-standing issue of digital payment gateways for freelancers had been successfully resolved. Starting February 1, a pilot project would create 10,000 accounts, allowing freelancers to receive their payments directly through them.
Dr Umar Saif said some 10,000 employment centers were being established where the freelancers would enjoy convenient facilities under one roof.
The centers would help increase annual IT exports to $10 billion, besides employing some 100,000 freelancers, he hoped.
The minister assured that all obstacles regarding the 5G spectrum would be addressed as per the directives of the Action Advisory Committee for it auction in July-August.
He viewed that the implementation of the Right of Way Policy had resolved disputes between various institutions.
With the establishment of the Telecommunication Tribunal, a long-standing demand of the telecom sector had been fulfilled, he added.
To support young entrepreneurs, Dr Saif said, the Pakistan Startup Fund of Rs2 billion had been launched.
He said the Research and Development Funds were also being established to facilitate mobile phone manufacturing companies.
The minister said the approval of the Space Policy had opened the satellite internet market for global companies.
