Pakistan’s IT Sector contributing US$3.5 billion, almost 1% of the GDP: Aminul Haq

HYDERABAD, January 10: Ministry of IT & Telecommunication launching its 7th National Incubation Center (NIC) in Hyderabad by summer of this year. Federal Minister for Information Technology & Telecommunication (MoITT) Syed Amin UlHaque was the Chief Guest of the Contract signing ceremony held here on Monday. The agreement was signed by CEO Ignite, AsimShahryar Husain and Vice Chancellor, University of Sindh Jamshoro Hyderabad, Dr. Muhammad Siddique Kalhoro. The ceremony was attended by MQM Member National Assembly Engineer Sabir HussainQaimkhani, Federal Secretary for IT & Telecom, Dr. Muhammad Sohail Rajput, officials from IT Ministry, Ignite, University of Sindh, Academia, Business communities and others personalities from to IT Industries. Speaking on the occasion; Chief Guest Syed Amin UlHaque, Federal Minister for IT & Telecom said; The Ministry of IT & Telecom through its Organization Ignite-National Technology Fund has already established Five NICs, one each at Islamabad, Karachi, Quetta, Lahore & Peshawar while the 6th NIC is being established in Faisalabad which will focus the Agri-Tech. In accordance with the Government’s vision for digital Pakistan and provision of an enabling environment for potential entrepreneurs, more NICs are being established in 2nd tier cities and incubators in Health-Tech, Gaming & Animation and Electronics. Therefore, to move forward, National Incubation Center (NIC) is being established at Hyderabad to improve the effectiveness of variety of industries including agriculture, livestock, ornamental industrial products, textile, sugar, cement etc. located at Hyderabad & its adjacent areas. “Establishment of National Incubation Center at Hyderabad (13000 Sq Feet Area) has become a dire need for youth of Hyderabad and its surrounding rural & urban areas to transform traditional business approach into an innovative tech-oriented form,” Haque said. Syed Amin UlHaque said that The World Economic Forum’s global crises report 2021, the World could face many risks & threats pertaining to price instability, debt crises, commodity shocks, digital power concentration & digital inequality. The good news is that Pakistan achieved a decent economic growth in 2021 despite those risks. – TLTP