Significant Reductions Planned for IT Budget by Government

The Ministry of Information Technology and Telecommunication (MoITT) in Pakistan has requested a budget of Rs. 24.25 billion for 47 projects in the upcoming fiscal year. However, the government has proposed only Rs. 6 billion for 31 projects, rejecting funds for 12 new schemes. The MoITT had demanded Rs. 3,372.76 billion for these new schemes, but the government allocated Rs. 10 million for one scheme only. 

The government has also recommended a budget cut for ongoing projects as well. The ministry had asked for Rs. 20,877.62 million for 34 ongoing projects, but the government has recommended only Rs. 5,990 million for 30 projects. 

Due to these budget cuts, the Ministry of IT anticipates delays in various schemes, and important initiatives related to Digital Pakistan may not be able to commence without the approval of funds for new projects.

In addition, the government has proposed Rs. 10 million for the Digital Economy Enhancement Project, which is funded by the World Bank. The total cost of this project is Rs. 17,470.750 million. The Planning Division has stated that due to limited funds, priority will be given to ongoing and essential new schemes in the budget allocation for the fiscal year 2023-24.