IT sector to get $3b investment in 4 years -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

IT sector to get $3b investment in 4 years

ISLAMABAD: Further investment of $3 billion is expected in country’s IT and Telecom sector by 2010 due to the consistent policies and incentives offered to the investors. Senior Project Manager Ministry of Information Technology Salman Maalik Monday told that around 750 reputed IT companies were working in the country due to excellent profit margins and availability of cheap skilled labour.

Planning is being finalized to ensure judicious utilization of Rs 3 billion research and development fund. Universities would be equipped and provided excellent facilities to ensure production of skilled labour in the country, he said. World’s GSM association has already awarded Pakistan as a country providing mobile companies excellent opportunities to grow.
Source: Daily Times