In a recent meeting between the IT and Communication Minister, Dr. Umar Saif, and Finance Minister, Dr. Shamshad Akhtar, a significant announcement was made regarding support for freelancers and the expansion of e-working infrastructure. The government is poised to offer interest-free loans and resources to empower freelancers in establishing centers, with plans to set up 5,000 joint e-working hubs across the nation.
According to a press release from the Ministry of IT & Telecom, Dr. Umar expressed optimism about discussions with the finance minister regarding the establishment of a joint fund backed by the government. Global investors are also being actively engaged to participate in this fund, which will primarily benefit startups.
The initiative aims to provide freelancers with well-equipped spaces, fostering millions of job opportunities. Additionally, progress has been made toward enabling the free use of IT industry codes, with plans to transfer foreign-held accounts to Pakistan, thereby bolstering investor confidence.
This strategic move not only accelerates the influx of foreign currency into the country but also augments IT exports promptly. The foremost objective is to encourage both local and foreign investments in Pakistan. Dr. Umar also revealed plans to visit Saudi Arabia in the near future to explore investment prospects in the IT sector. This initiative holds the potential to revolutionize the IT landscape in Pakistan, driving economic growth and innovation
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