Atta sees Information Technology (IT) investment going up to $ 440m -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

Atta sees Information Technology (IT) investment going up to $ 440m

KARACHI- Pakistan is being looked with great interest for investment and there has been an investment of $ 146 million in the IT-related field this year whereas next year the figure is expected to go up to $ 440 million.

Federal Minister stated this for Science and Technology, Dr Atta ur Rehman while speaking as chief guest at the inaugural ceremony of UBITECH Institute of Business and Information Technology.

The minister felt that there were opportunities for Pakistan in the lT outsourcing work and IT enable services as a number of companies of US and Europe were now looking at countries like Pakistan with great interest owing to reduction in costs of outsourcing work.

The rapid advancement has been made in the country with regard to Internet and today 432 cities and towns in Pakistan have access to Internet facility and there, has been a tremendous expansion in the mobile telephony

He said there was a programme for bringing back Pakistani scientists from abroad through attractive packages and over 16 such experts had shown their willingness to return.

In the information technology sector, advertisements have been placed in The Financial Times and some journals to attract Pakistan scientists.

He said over 60 experts has shown their intention to come back and some 16 selected ones were being taken as the faculty member at the universities in the country.

Atta said the ministry was utilizing the major chunk of its funds on education and strengthening the science faculties and the right approach to make headway in the world is to accord due emphasis to education.

Source: The News
Date:8/11/2001