ISLAMABAD: Pakistan is ready to take the next stage of development in hopes of increasing the list of easy-to-do businesses by 20 to 30 notches, said US Ambassador Asad Majeed Khan.
In an interview with David Bloom of The Forbes In the magazine, he said that Pakistan is driving its IT sector to US companies and investors, hoping that international agreements will translate into a final boost for the country's troubled economy.
The interview under the title "A more peaceful Pakistan puts an offensive of IT charm in Silicon Valley" says that the most visible part of this fact occurred earlier this month with a one-day Silicon Valley conference in San Jose, California, backed by the Pakistani government.
"If I had to see our overall economic performance, the IT sector is presented as one that has had the best performance," said Khan, who was also one of the conference speakers.
More than 200 attendees heard the launches of 14 new Pakistani companies seeking venture capital, along with panels on microelectronics, software development, artificial intelligence, games, medical innovation and venture capital financing.
Over the years, the government has not done all that it should have in terms of focusing on the expansion of the IT sector, said Ambassador Khan.
The Forbes He said "partly because the charismatic new prime minister of the country, former international cricket star Imran Khan, has made the economy his top priority." The economy is its main and main focus, said Ambassador Khan. The way in which he is approaching foreign policy is based on his desire to turn around the economy and give people work.
As part of a broader set of initiatives, the country is trying to grow its already significant technology sector and attract international investments, especially from the United States and neighboring China.
Pakistan already generates at least $ 4 billion a year in IT exports, although the ambassador said the number is likely to be higher because some IT-related payments are grouped with international remittances.
Posted on Dawn, October 17, 2019
Source: https://www.dawn.com/news/1511275/pakistan-hopes-to-leap-up-list-of-ease-of-doing-business