In the realm of economic and technological advancements, Pakistan under the leadership of Prime Minister Imran Khan is marking significant milestones. With a keen focus on fiscal responsibility and leveraging the potential of information technology, the government is steering the nation towards a prosperous future.
Tax Collection Surpasses Expectations
The Federal Board of Revenue (FBR) has surpassed expectations by collecting a whopping Rs850 billion in the first two months of the fiscal year 2021-22. This achievement not only exceeded the set target by 23% but also reflects a remarkable growth of 51% compared to the same period last year. Prime Minister Imran Khan lauded this feat, attributing it to the government’s prudent economic policies aimed at fostering sustainable growth and revival.
Telecom Sector’s Growth Trajectory
In tandem with economic reforms, Pakistan’s Information Technology and Telecom Ministry is propelling the country towards digital transformation. With a market size of $16.9 billion and attracting $1.2 billion in foreign direct investments (FDI) over the last three years, the telecom industry is poised for exponential growth. The ministry’s ambitious plan to roll out 5G services by 2023 has garnered widespread acclaim, promising to revolutionize connectivity across the nation.
Expanding Access through Deep Fiberization
To bridge the digital divide and extend internet connectivity to remote areas, the Universal Service Fund (USF) has embarked on a mission of “deep fiberization.” Over 10,000 kilometers of optical fiber cable will be laid across the country, bringing high-speed internet to 1,175 towns and union councils. This initiative holds the promise of empowering individuals, especially women in underserved regions, to excel in the digital economy.
Boosting IT Exports and Job Creation
Minister for IT and Telecom Syed Amin ul Haq has set an ambitious target of increasing IT services exports to $5 billion by 2022-23. With a focus on establishing software technology parks in secondary and tertiary cities, the government aims to foster a conducive environment for IT growth and job creation. The establishment of 32 additional IT hubs under public-private partnerships underscores the commitment to inclusive development and innovation.
Policy Initiatives for Digital Governance
In line with its vision for a digital Pakistan, the government has taken decisive steps to formulate comprehensive policy frameworks. From cyber security to data protection, a slew of regulations and bills have been finalized to safeguard digital assets and promote responsible digital practices. These initiatives lay the groundwork for a secure and thriving digital ecosystem conducive to innovation and investment.
Transformation of National Telecom Corporation
The National Telecom Corporation (NTC) has emerged as a success story under the PTI government, transforming into a profitable entity. With a significant increase in profits over the years, the NTC is not only bolstering government services but also playing a pivotal role in cybersecurity. By providing essential services to safeguard official websites, it is fortifying Pakistan’s digital infrastructure against cyber threats.
The achievements in the economic and technological spheres under the PTI government are testament to a vision driven by innovation, inclusivity, and fiscal prudence. With a steadfast commitment to harnessing the power of technology for national development, Pakistan is poised to emerge as a regional leader in the digital age.
Also Read: Pakistan looking to launch of 5G in 2023, as telecom industry grown to $17bn
