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PM Kakar gives go-ahead to ministry to bring PayPal, Starlink to Pakistan

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1 year ago

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  • “New IT policy to bring PayPal, Starlink to Pakistan”: Minister.
  • IT exports can reach $10 billion, $1 billion to be raised for startups, says Dr Saif.
  • Training programme for 200,000 IT professionals already commenced, PM told.

Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday, approved the Ministry of Information and Technology (IT) and Telecommunications’ plan for a new comprehensive policy aiming to bring PayPal, and Starlink to Pakistan.

In his meeting with the Caretaker Minister for IT and Telecom Dr Umar Saif, the premier appreciated the ministry for its comprehensive measures aimed at tapping the unlimited potential of the country’s IT sector.

The prime minister also issued directives to the Ministry of Finance, the State Bank of Pakistan, the Ministry of Trade and Commerce, the Federal Bureau of Revenue (FBR) and the Ministry of Energy to cooperate and collaborate with the Ministry of IT on this matter.

According to Dr Saif, the new IT policy aims to enhance the country’s digital exports via institutionalising dollar retention accounts and allowing an easy flow of money through IT corporate debit cards.

The govt plans to utilise venture capital to raise investments of up to $1 billion for various startups.

Accentuating the country’s potential for the IT sector, the minister said that Pakistan’s digital exports have the potential to reach the $10 billion mark if the hurdles are duly addressed and removed.

According to the minister, the new policy also aims to bring PayPal and Stripe — international online payment processing platforms — to Pakistan and establish co-working spaces for 500,000 freelancers to increase their potential to an additional $3 billion per annum.

To further improve the services sector, the ministry plans to introduce training programmes in line with international standards for the youth, Dr Saif said.

We have already commenced the programme for the training of 200,000 professionals who will contribute towards increasing Pakistan’s IT exports to up to $5 billion, the minister added.

The new policy also aims to ensure enhanced and efficient utilisation of the available spectrum via extensive reforms in this domain.

Furthermore, the ministry plans to introduce active spectrum sharing, forward-looking taxation policies, regulations and incentives for the telecom industry to prepare for the upcoming 5G auction within 10 months, said the interim minister.

Expressing his views on cell phone manufacturing in the country, Dr Saif said that Pakistan is the seventh largest market for cell phones in the world therefore, the ministry intends to incentivise local manufacturing and export of smartphones.

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Green Impact Mission in GB: Rakaposhi Camp Cleanup Campaign Organized by Serena Hotels

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8 hours ago

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The Green Impact Mission at Rakaposhi Base Camp was effectively completed by Serena Hotels.

At Rakaposhi Base Camp, one of Gilgit-Baltistan’s most well-liked tourist sites, the project sought to solve the growing garbage problem.

50 volunteers, including sherpas and climbers, participated in the cleanup effort. To maintain the basecamp’s natural beauty, the crew put in endless effort to remove trash from it. In order to encourage future guests to dispose of their waste responsibly, ten sturdy trash cans were also placed across the property.

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Indicating Pakistan’s Dedication to the SCO Agenda: Jam Kamal

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Pakistan is dedicated to the Shanghai Cooperation Organization (SCO) Agenda, according to the Federal Minister for Commerce Jam Kamal Khan, who stated that the SCO is playing a significant role in regional cooperation.

Jam Kamal, while speaking at the World Trade Organization (SCO) Trade Ministerial gathering in Islamabad, stated that Pakistan is an important member of the SCO and that it is a pleasure for us to host its gathering.

We are aggressively trying to modernize our infrastructure, improve regulatory frameworks, and establish an atmosphere that is suitable to business, as he stated that the SCO Region has a significant potential for both commercial and economic exchange.

According to him, the Shanghai Cooperation Organization (SCO) Region is home to a big amount of the world’s population as well as some of the world’s economies that are expanding at the fastest rates. This region also hosts a significant portion of the world’s people.

The Shanghai Cooperation Organization’s (SCO) 23rd Meeting of Ministers Responsible for Foreign Economic and Trade Activities is now being held in Pakistan.

In the course of the Council of Heads of Government Meeting, which is slated to take place in Islamabad on October 15-16, 2024, the conclusions of this meeting will be discussed.

Sunil Bharatwal, who is India’s Deputy Minister of Commerce, gave a short speech at the conference.

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The president approves the addition of thirty PHC judges, up from the previous twenty.

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A sizeable increase in the number of judges to be appointed to the Peshawar High Court has been sanctioned by President Asif Ali Zardari.

The number of judges has been increased from twenty to thirty and this change was made in order to address the growing backlog of cases and to improve the efficiency of the judicial system.

Regarding this matter, the notification from the Presidency has been distributed.

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