Govt taking steps to boost investment in IT sector: PM

Caretaker Prime Minister Anwaarul Haq Kakar on Wednesday said that the government was taking steps to boost foreign investment in the Information Technology (IT) sector.

“In this regard, positive progress has already been made,” the prime minister said while chairing the 5th meeting of the Board of Governors of Special Technology Zones Authority.

Recognising the pivotal role that the IT sector can play in fortifying the country's economy, PM Kakar directed relevant authorities to formulate policies aimed at enticing global IT professionals to contribute to the sector's growth in Pakistan.

With the country's immense potential in the IT domain, he emphasised the need to harness and leverage these capabilities for economic strength.

The meeting delved into various matters related to the Special Technology Zones Authority, endorsing decisions made during the fourth meeting of the Board of Governors.

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Approval was granted for the restructuring of the finance, audit, and technical committees of the Authority, signalling a proactive approach to governance and oversight.

The meeting also greenlit the presentation of drafts outlining the authority's licensing framework, procedures, and regulations before the technical committee.

Key attendees at the meeting included federal secretaries from the cabinet, finance, IT, and Science and Technology departments. Chief secretaries from all provinces, along with other esteemed board members, were also present.