In order to revamp Pakistan’s IT industry, which has much potential, Google Inc. has launched a scholarship program available to 15,000 brilliant young individuals from Pakistan.
The American tech giant intends to invest $3.5 million in Pakistan, according to Senator Dr. Afnanullah Khan, a member of the Senate Standing Committee on Information Technology.
In a similar manner, he stated that selling 5G licenses will generate billions of dollars in foreign exchange and result in considerable venture capital investment in the private sector. According to the senator, Pakistan’s exports of information technology (IT) may easily exceed $10 billion over the course of the following five years with proper planning.
He also mentioned that Pakistan’s information technology industry had received a $1 billion loan from the South Korean government at a 0.1 percent interest rate.
“There are many different facets of information technology that Pakistan may concentrate on in order to emerge as an information technology giant in the region very soon.”
The senator stated that on his own initiative and in collaboration with the government, he is striving to revolutionize the nation’s information technology sector.
“I have a higher education in the field of information technology and I want to use it for the good of the country,” you say. “I want to utilize it for the benefit of the country.”
Senator Khan holds a doctorate in information technology from Oxford University and has successfully completed information technology projects worth hundreds of millions of dollars. He claimed that, in contrast to investments in other industries, investments in the IT sector paid off exceptionally quickly, and that the leadership of the PML-N was aware of the struggles that Pakistanis were facing and desired for the nation to grow more in this sector. He asserted that the PML-N leadership was aware of the struggles that Pakistanis were going through.
He said that one important project now under progress involved sending individuals in the information technology industry to nations like Japan. As a result, he stated that
“every effort would be made to strengthen the government’s attention on this issue in order to remove the impediments to international investment.”