Tue, 21-Oct-2025

IT Sector Faces $1M Hourly Losses Due to Internet Shutdowns

IT Sector

The Information Technology (IT) sector in Pakistan is incurring losses exceeding $1 million per hour due to internet shutdowns, according to Sajjad Mustafa Syed, Chairman of the Pakistan Software Houses Association (P@SHA). Speaking to the media on Tuesday, the P@SHA chairman emphasized the need for stable infrastructure, improved market access, accommodative taxation policies, and skilled … Read more

Federal Govt, HEC launching standardized test for IT graduates 

Federal Govt
  • The successful candidates will be given jobs after internship.
  • Umar Saif said there are 19,000 IT companies in Pakistan.
  • He said that there is a trend of freelancing in Pakistan.

ISLAMABAD: Caretaker Federal Minister for Information Technology(IT) Dr. Umar Saif has said the federal government is starting a standardized test for IT graduates in collaboration with the Higher Education Commission(HEC) from December 2023 and successful candidates will be given jobs after the internship.

Addressing a press conference, the Caretaker Federal Minister for IT said that steps are being taken to promote the IT sector. He said many foreign IT companies will come to Pakistan and investment is being promoted under the Special Investment Council(SIC).

Dr. Umar Saif said that in our IT industries, there are companies that get contracts for making software. He said there are about 19,000 IT companies in Pakistan with 150, 000 people who can run an IT software company sitting in a room.

He said that IT exports will be boosted by government initiatives and the government’s goal is to grow private companies. He said IT companies want to give big contracts and among those who will be trained a developer’s income will be $50,000 to %60,000 per year.

He said that there is a trend of freelancing in Pakistan and it has the second largest online working force in the world. He said 1.5 million people are working on freelancing in Pakistan and youth have earned Rs 8.5 billion from e-employment centers.

Dr. Umar Saif further said that the government will provide facilities for freelancing and

the government will not set up any factory for freelancing facility. He said “If we provide facilities to the educated youth, then they will be able to easily earn $30 a day instead of $5.

The caretaker federal minister IT said that the international money transfer companies have been discussed to include Pakistan as well. He hoped that the international money transfer companies would soon include Pakistan because they are also benefiting from it.

He said that IT companies have been allowed to keep 50% of revenue in dollars and they are starting a standardized test for IT graduates in collaboration with HEC. He said the government is going to start a test for IT graduates in December this year and successful candidates will be given the job after the internship.

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Public welfare projects mainstay of 15-month govt: PM

projects
  • He was chairing meeting to review performance of government.
  • The revenues of government increased by 16 percent.
  • The number of active taxpayers rose by 1.3 million.

ISLAMABAD: Prime Minister Public welfare said the focus of his government was the projects of public welfare and for their implementation and execution clear and comprehensive policies were adopted during the last 15 months.

He was chairing a meeting to review the performance of government in achieving the set targets set.

During a detailed briefing given to him, he was told that revenues of the government increased by 16 percent while the number of active taxpayers rose by 1.3 million.

Under the Benazir Income Support Programme, the government provided assistance to additional nine million families while the power sector recovered 94 percent of its billed amount. Due to special interest of the prime minister, the exports of information technology sector increased substantially in the last four months.

It was informed that in the last financial year, the IT sector exports rose to 2.6 billion dollars because of the government policies and measures.

The foreign investment in the last fiscal year was recorded at 1.45 billion dollars, while the establishment of Special Investment Facilitation Council would lead to considerable boost in that regard.

It was further told that 99 percent of the targets set under the historic Rs 1.8 trillion Kissan Package for assistance and facilitation of farmers were achieved.

PM Shehbaz said the government’s measures saved the economy from default and put it on the path of stability.

The incoming caretaker government and the next elected government would benefit from the institutional reforms of the present government, and would hopefully continue to pursue the current vision, he added.

He stressed the need for a comprehensive system of inter-ministerial resolution of problems and cooperation.

It was noted that the prime minister chaired 26 review meetings on the performance targets of the government.

The prime minister said he was leaving behind the legacy of “whole of the government approach” – a critical element for economic progress of the country.

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IT sector is a preferred investment choice for investors globaly

IT sector is a preferred investment choice for investors globaly

A recent study found the IT sector offers the top investment opportunity, averaging an 18.1% ROI. InvestinGoal.com evaluated various sectors’ returns, consistency, and reliability within the S&P 500 index. CEO Filippo Ucchino acknowledges the IT sector’s success, attributing it to ongoing innovation. A recent study shows that investing in the IT sector offers the best … Read more

Prince Fahad launches Saudi Pak Tech House with $100 Million investment plans

ISLAMABAD: HRH Prince Fahad bin Mansour Alsaud formally launched the Saudi-Pakistan Tech House (SPTH) in Pakistan on Monday with the aim of creating more than 1,000 jobs at a total project value of $100M in the IT sector over the next five years. The SPTH launch event was organized by the Saudi Embassy in Islamabad … Read more

Foreign companies welcome to invest in IT sector: President

Foreign companies

President expressed these views while talking to a delegation of DigitalOcean. He urged the need for the bureaucracy to assist all investors. He said that the government was focusing to review the education system. ISLAMBABAD: President Dr Arif Alvi has said that Digital Transformation was at the heart of the country’s vision to create a … Read more

Youth can contribute to country’s development through freelancing in IT sector: President Alvi

Youth can contribute to country’s development through freelancing in IT sector: President Alvi

ISLAMABAD: President Dr Arif Alvi acknowledged that youngsters can contribute to the development of the country by freelancing in the IT sector. President Alvi said that IT has transformed all industries and has the power to create exponential change while speaking at the Freelance Fest in Islamabad on Saturday. He emphasised the importance of youth … Read more

Fighting from the front

Muhammad Ali Afzal

LAHORE : High taxes and unstable exchange rate are the key challenges and the government is focusing only on large-scale manufacturing and that too the textile sector, said Muhammad Ali Afzal, chief executive officer of Afzal Sons. Afzal Sons is a multi-million-dollar enterprise, dealing in imports and supply of industrial equipment, hardware and tools. Afzal … Read more

President Alvi calls for proactive steps to promote IT sector

President Alvi

ISLAMABAD: President Dr Arif Alvi on Tuesday called for taking proactive measures to develop the information technology (IT) sector and to ensure economic and scientific development of the country. He said that globally, the focus of development policies was shifting from brick-and-mortar development projects to the intellectual development of human resources and Pakistan needed to … Read more

Pakistan, Japan Agree To Enhance Cooperation In IT Sector

Pakistan, Japan

Pakistan and Japan have agreed to enhance cooperation in the field of information technology (IT) and the telecommunication sector. According to details, a meeting was held between IT Minister Aminul Haq and Japanese Ambassador Kuninori Matsuda in which issues of mutual interest were discussed between the two. In the meeting, Federal Minister Aminul Haq said … Read more

Govt to promote IT sector with 5G spectrum, fiberization as key areas

Govt to promote IT sector with 5G spectrum, fiberization as key areas

Prime Minister Imran Khan has directed to formulate a comprehensive road-map for development of information technology (IT) sector in the country within a week. According to the details, the key areas include launch of 5G spectrum, connecting mobile phone towers through fiberization in big cities and defining time-lines of other important matters to remove impediments … Read more