IT, telecom size is $2 billion, says PM
ISLAMABAD: Prime Minister Shaukat Aziz on Monday said the total size of information technology and telecom sectors in Pakistan had reached about $ 2 billion with 50 percent growth per annum during the last three year. Talking to a delegation of Ericsson, he said the deregulation and privatisation policy stimulated phenomenal growth in Pakistan attracting investments in the information technology and telecom sectors. He said the information technology (IT) and telecom business included domestic industry, hardware and export of software and IT enabled services. The prime minister said the telecommunication today was the fastest growing sector in Pakistan having 27 percent teledensity.
He said the country had 37 million cellular phone subscribers and the number is fast growing. He added the use of cellular phones among low-income subscribers was growing in both rural and urban areas. He said government was in the process of setting software technology parks at Karachi Lahore and Islamabad. Ragnar Back chairman Ericsson operations in Central and Eastern Europe, Middle East and Africa apprised the prime minister of the plans of Ericsson to expand business in Pakistan. He said presently the company employed about 700 professionals in Pakistan and the number would increase to 1,000 by the end of this year. staff report.
Source: Daily Times
Date:9/27/2006
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