Federal Government Proposes Over Rs. 5 Billion for New IT Ministry Projects

The federal government has earmarked Rs. 5.394 billion for five new IT and Telecommunication initiatives under the Public Sector Development Program (PSDP) for the fiscal year 2024-25. These projects include the Digital Economy Enhancement Project, Expansion of Cellular Services in AJK and GB Phase-IV, NGMS Core Upgradation, National Semiconductor HR Development Program Phase-I, and the Revamping of the IT Industry Landscape.

 

The largest allocation, Rs. 3.5 billion, is designated for the World Bank-funded Digital Economy Enhancement Project, provided as a foreign loan. Additionally, Rs. 194 million is set aside for the expansion of cellular services in AJK and GB Phase-IV. The NGMS Core Upgradation project will receive Rs. 100 million.

 

The National Semiconductor HR Development Program Phase-I, managed by the IT Wing, is allocated Rs. 800 million. An equal amount of Rs. 800 million is proposed for revamping the IT industry, a project to be executed by the Pakistan Software Export Board (PSEB). These initiatives aim to advance Pakistan’s IT and telecommunications sectors significantly.