1 week Ago By NEWS WIRE
KARACHI - IT companies and their representative association have demanded the government to provide incentives to IT sector to enhance its exports manifold at an accelerated pace in coming years to meet the target of $10 billion annual target by FY2028-29. The sector demanded that Federal Board of Revenue (FBR) and the State Bank of Pakistan (SBP) need to expedite their policymaking; regulatory easing and implementation for an enabling, facilitative and incentivizing environment to match the rate of expansion in the IT and IT-enabled Services (ITeS) industry. Mehwish Salman, a member of the AI Committee at P@SHA, said the government must allocate a handsome amount of budget for promoting emerging technologies including artificial intelligence, cybersecurity, internet of things, and data engineering to grow the country’s exports and adaptation of digitization across the country.
In this regard, she added, the government should continue its capacity-building programs with IT companies to arrange boot camps in different cities to upskill working professionals at par with global standards. Mehwish further said the government should also provide subsidies for female professionals on certifications and training sessions, and scholarships for female students to encourage their contribution in the IT sector significantly. Through industry-academic liaison, we need to upgrade our curriculum based on emerging technology at private and public sector universities to meet the increasing demand for human resources in the country’s IT sector, she said and added.
The applications of AI tools and coding should be introduced to students at a secondary school level to promote research and development to our growing generation. Strike by goods transporters in Karachi leads to significant delays in shipments Tags: sector demands tax incentives.
