IT sector aims for $15 billion export boost

ISLAMABAD: The caretaker IT minister states that they have laid out a roadmap to achieve a target of $15 billion in IT exports to bolster the country’s economy. Several key measures have been introduced by the caretaker government to reach this export target. In an interview with The Express Tribune, Caretaker IT Minister Dr Umar Saif said, “Now, the roadmap is ready, and we hope that the upcoming government will continue these policies to achieve the export target.” Key measures include introducing foreign currency retention accounts, establishing training programmes, and creating co-working spaces and a startup fund to foster innovation. Paypal has entered into a partnership with Payoneer in Pakistan to provide the facility of receiving funds for freelancers. “A pilot project has been launched with 10,000 accounts, which will be fully launched in March,” said Saif, adding that Pakistani freelancers will be able to receive funds but will not have the facility to send funds under this initiative.