ISLAMABAD: Prime Minister Imran Khan has announced the establishment of a start-up fund to promote the IT sector in the country.
According to state media, a meeting on IT sector was held under the chairmanship of the Prime Minister in which federal ministers participated. On the occasion, Prime Minister Imran Khan approved a landmark package for the development of the IT sector in the country, under which the Pakistan Technology Startup Fund would provide seed funding worth Rs 1 billion annually to 50 new entrepreneurs in the sector. It has been decided to establish.
The Prime Minister said that we are announcing tax holiday and 100% FOREX RETENTION for IT companies and freelancers registered with the Pakistan Software Export Bureau to promote investment in the IT sector.
He said that in the next few years, it is planned to increase IT exports to 50 50 billion, for which the importance of furthering the IT industry by providing ease of doing business and providing the best incentives available globally. Will be increased.
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