Dr. Umar Saif, the temporary Minister of Information Technology of Pakistan, has announced a significant development in the country’s IT scene. He formally revealed the government’s desire to introduce global payment giants PayPal and Stripe to Pakistan, a move with significant implications for the country’s developing digital economy.
The government plans to build co-working facilities, particularly for freelancers, which will be an important step in growing the independent business. Dr. Saif stressed the IT sector’s possibility to create up to $10 billion in exports if existing barriers are adequately addressed during an important discussion with Caretaker Prime Minister Anwaarul Haq Kakar.
Prime Minister Kakar directed that several government bodies, including finance, trade, and energy, as well as the State Bank of Pakistan (SBP) and the Federal Board of Revenue (FBR), conduct collaborative consultations, emphasizing the need for a unified effort.
Dr. Saif also emphasized the importance of the IT sector in ensuring economic stability and presented plans for training 200,000 IT experts through industry-academia collaboration, with the ambitious objective of increasing IT exports by $5 billion.
This forward-thinking project demonstrates Pakistan’s dedication to maximizing its IT potential for economic growth and development.