World Bank (WB) to assist government in Information Technology (IT), telecom sector -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

World Bank (WB) to assist government in Information Technology (IT), telecom sector

ISLAMABAD- World Bank (WB) will actively collaborate with Pakistan to drive the initiatives taken by the government in Information Technology & Telecom sectors. The WB assistance may come in the form of expert opinion, guidance, financial assistance etc.

It was decided in a meeting between Federal Minister for Science and Technology Prof Atta-ur-Rahman and Sector Director Finance and Private Sector, World Bank, Marilou Jane. Secretary, Ministry of Science & Technology, Ishfaq Mahmood was also present.

Atta asked for WB assistance mainly in four fields; virtual university project especially content development and establishment of linkages with some prestigious international universities; Electronic Commerce; expert assistance for telecom sector and guidance about government strategies at the end of PTCL monopoly, and deregulation of telecom sector and setting up of Venture Capital Fund.

The minister briefed Marilou Jane about the initiatives taken by the government for the development of IT & Telecom sectors. He apprised her of government’s human resource development programmes, infrastructure development projects and incentives given by the government to private sector to invest in this industry. He said the government is acting as an enabler and sector facilitator while the initiative is driven by private sector.
Source: The News
Date:5/22/2001