$400m investment likely to flow into IT sector: Atta -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

$400m investment likely to flow into IT sector: Atta

KARACHI- Federal Minister for Science and Technology Prof Atta-ur-Rehman said Pakistan would get $300-400 million investment in the Information Technology (IT) sector as the country’s progress in IT had been acknowledged by the US Commerce Department.

The minister was speaking at the launch of ‘State of Mental Health in Pakistan’ co-authored by Dr Amin Gadit and Dr Najeeb Khalid of Hamdard University’s Department of Psychiatry. In fact it was pre-launch of the book on computer as the minister got the whole book available on computer.

Prof Rehman said significant developments in Pakistan’s IT sector had won investors’ confidence and that Pakistan attained the status of the most attractive country by virtue of newer investments. “Education and knowledge are the key factors for the development and progress and our endeavour is to build knowledge on the basis of education.”

Prof Rehman said that his ministry, over the last two years, had worked enthusiastically for improving the standard of science and technology. “At least 70 per cent of S&T budget has been directed towards higher education,” he said. “Our main thrust focuses on information technology, biological, and engineering sciences.”

Prof Atta-ur-Rehman said that the government had planned to establish seven IT universities and so far five such universities had already started working. He said one virtual university would be established in Karachi in March this year.

Source: The News
Date:2/3/2002