Strategic draft plan proposed to boost IT industry

STAFF REPORT IBD: Pakistan Software Export Board (PSEB) has proposed a four-year draft of strategic plan to help increase size of information technology (IT) industry to $10 billion. The Board is also in process of reclassifying the revenue stream under the IT services to give a significant boost to IT exports.

“In order to achieve the task of expanding the IT market in the country, PSEB has identified eight strategic areas with missions and annual targets,” said an official of the PSEB.

These areas include facilitation, human resource development, industry finance, marketing, office space provision, public policy, quality and telecom bandwidth provision.

With regard to IT services exports, the official said that the country plans to increase them by 271 percent in the next five years. It said 25 percent growth ratio in IT services would be achieved in 2013-14, 28 percent growth in 2014-15, 30 percent in 2015-16, 32 percent in 2016-17, 35 percent in 2016-17 and 35 percent IT services growth targets have been set for the financial year 2017-18.

He said that in conjunction with stakeholders, the industry association, Planning Commission, SBP, industry and Ministry of IT, PSEB has developed a vision and strategic roadmap to fast-track the IT industrys growth.

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