Islamabad, April 05, 2018 (PPI-OT):The Honourable Minister of State for Information Technology, Mrs. Anusha Rehman chaired the 38th meeting of the Board of Directors of Pakistan Software Export Board (PSEB) here at Islamabad today.The meeting was convened to review various initiatives for accelerating growth of the IT sector between2018-21. The Board discussed the proposals at length that would take Pakistan’s IT and ITeS industry in the next phase of growth. Federal Secretary IT Mr. Aamir Ashraf Khawaja, Member Telecom Mudassar Hussain, Member IT Syed Raza Shah, Chairman Pasha Mr. Barkan Saeed, Acting MD PSEB Syed Ali Abbas Hasani and other Board members were also present in the meeting.
Pakistan’s IT and ITeS Sector has developed phenomenally due to our strenuous constant efforts and generous incentives and facilitation granted to the IT and ITeS sector which include income tax exemption on IT exports till June 2019, 100% foreign ownership, 100% repatriation of capital and dividends, 3-year tax exemption for IT startups, and tax holiday for venture capital funds till June 2024.She said that Pakistan’s growth rate of IT and ITeS exports have jumped 150% over the last five years, which is a remarkable achievement.
Anusha Rehman said that every possible effort is being made to enhance growth of the IT Industry in Pakistan in line with the top priority that the current government has assigned to the sector from day one. As a result, IT industry is growing in terms of the number of companies, revenue, exports and workforce every year, thereby demonstrating clear confidence in the ability of the local companies to deliver IT solutions and services which meet expectations of foreign clients.
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