ISLAMABAD – Prime Minister Imran Khan on Friday directed formulating a comprehensive road-map for development of information technology (IT) sector in the country within a week.
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 in promotion of the IT sector.
The prime minister issued the directive while chairing a meeting on promotion of information technology, attended by Commerce Adviser Abdul Razak Dawood, PM’s Special Assistant Dr Firdous Ashiq Awan, Co-chairman Prime Minister Task Force for IT and Telecom Dr Ata ur Rehman, and secretaries of information technology, commerce, cabinet and finance divisions.
Prime Minister Imran Khan said the country’s future was linked with the information technology and the government was giving priority to promotion of the sector by providing incentives to the skilled youth.
He said the country’s youth had immense talent and expertise in the IT and the promotion of that sector would create millions of jobs for them.
Secretary Information Technology Shoaib Siddiqi briefed the prime minister about giving incentives to the skilled professional youth and freelancers, increasing exports of the IT sector and tax incentives, easy loans to the youth, facilitation of foreign remittance process for freelancers and visa-related matters.
He said a comprehensive plan had been chalked out for the promotion of IT sector, for which relevant departments had been assigned duties.
A representative of the State Bank of Pakistan said for freelancers, the process on implementing decision on increasing monthly limit of foreign remittance to $25,000 would be completed in two days.
It had been ensured that freelancers be given maximum incentives on the received amount and also the exchange of foreign currency into local currency be made at inter-bank rate, he said.
The meeting was told that e-payment gateway would be established by April.
A representative of the Federal Bureau of Revenue gave a briefing on tax incentives to the IT sector.
Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency
Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.2 | 75.9 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.09 | 748.09 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.44 | 38.84 |
Danish Krone | DKK | 39.69 | 40.09 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.64 | 911.64 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.31 | 25.61 |
Omani Riyal | OMR | 722.87 | 730.87 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.08 | 307.58 |
Thai Bhat | THB | 7.56 | 7.71 |
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