Pakistans IT industry gets a boost with new government initiatives.
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| Paypal and stripe in Pakistan |
The Ministry of Information Technology and Telecommunications (MoITT) is working on introducing PayPal and Stripe payment gateways in Pakistan that will enhance the country’s payment infrastructure for the growing IT sector
MoITT to launch Pakistan Startup Fund to attract venture capitalists and promote startup culture The fund will be set up with the resources of IGNITE National Technology Fund
In addition, MOITT has established a Special Investment Facilities Council (SIFC) that has identified IT as one of its five areas of focus
PSHA Chairman Muhammad Zohaib Khan stressed the importance of innovation and financial inclusion to accelerate growth in IT and ITenabled Services ITES industry
The IT sector in Pakistan is a huge industry with a surplus of trade margins that can generate up to 5 billion foreign exchange in a year as Pakistan is able to make its trade investment necessary to generate remunerative jobs great in it
The recent success of the Pakistani textile industry at GITEX Dubai 2023 has showcased the country’s ICT capabilities to a global audience and is expected to spark an export push.
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