Pakistan Aims for $25 Billion IT Export Mark with VEON Group Partnership

Pakistan's government, led by Prime Minister Shehbaz Sharif, is making significant strides towards achieving its ambitious goal of $25 billion in IT exports within the next three years. A recent meeting between the Prime Minister and a delegation from VEON Group, a multinational telecommunications company, marked a significant step towards realising this vision.

The meeting, led by VEON Group's Augie K Fabela, aimed to explore collaboration opportunities in IT, digitization, and artificial intelligence. The delegation was impressed by the government's economic stability efforts and recognized Pakistan as an attractive destination for investment in the IT and telecom sector. In turn, the Prime Minister expressed his satisfaction with the progress on the IT Park project in Islamabad and instructed officials to consult with Korean experts to expedite the project's completion. This move demonstrates the government's commitment to leveraging international expertise to drive growth and development.

One of the key initiatives discussed during the meeting was the introduction of 5G internet services, aimed at providing fast and reliable internet connectivity to remote areas. This move is a crucial step towards realising the government's vision of "Digital Pakistan". By investing in modern telecommunications infrastructure, the government hopes to unlock new opportunities for businesses, entrepreneurs, and individuals. The Prime Minister expressed his determination to achieve the target of $25 billion in IT exports over the next three years, and the partnership with VEON Group is expected to play a significant role in this endeavour.

The meeting with VEON Group Delegation marks a promising start to Pakistan's efforts to establish itself as a hub for IT and telecom services. With a growing pool of skilled professionals, favourable economic policies, and a commitment to investment, Pakistan is poised to capitalize on its vast potential. As the government continues to push for innovation and collaboration, it remains to be seen whether this partnership will help Pakistan reach its ambitious IT export target and solidify its status as a leading player in the global digital landscape.