ISLAMABAD, Oct 1 (APP): Federal Secretary Commerce Azmat Ali Ranjha Saturday said a mini revolution had ushered in the Information Technology sector of Pakistan as the number of broadband users had increased from three million to 33 million during last 24 months.
“It is one of the fastest growing sectors in Pakistan’s
economy. Our software exports have crossed $ 2.5 billion.
We have rolled out 3G/4G spectrum and a lot of important developments are taking place in this sector,” the federal secretary said in a meeting with delegation of British parliamentarians comprising Baroness Nosheena Mobarik and Amjad Bashir MEP in London, said a press release issued here Saturday.
Azmat Ali Ranjha is in the United Kingdom to assess
post Brexit trade opportunities between Pakistan and the UK.
Amjad Bashir informed the Secretary Commerce about his
programme to hold an investors conference in early March 2017 on digital economy where the political and business leadership and entrepreneurs from Pakistan, UK and Czech Republic would come together under one roof to explore the possibilities of new investment in Pakistan.
The conference can be held closer to the date of Commonwealth Trade Ministers’ Conference.
Baroness Nosheena Mobarik assured the Secretary commerce of her support to enhance trade relationship between Commonwealth countries especially Pakistan and the UK.
She showed interest in the development of China Pakistan
Economic Corridor (CPEC), which would increase regional connectivity and hoped that Britain might also benefit from this important project.
The secretary commerce conveyed the desire of the
Government of Pakistan to further enhance trade relations between the two countries.
He welcomed the UK’s interest to be part of the CPEC and
invited the British investors to take advantage of the special economic zones along the Corridor, which would enjoy tax incentives.
Azmat Ranjha also met with a delegation of Pakistan
Britain Business Council (PBBC) which was led by its new
Chairman Julian Hamilton. Julian said the CPEC had created a lot of opportunities and Britain also wanted to become part of it.
He informed about PBBC programme to send a trade
delegation to Pakistan in March next year.
He assured for his efforts to convince British Airways
to resume their operations in Pakistan once the new Islamabad airport becomes operational.
The Secretary Commerce said the PBBC could play a vital
role in boosting the trade volume between the two countries. Pakistan’s economy had made a turnaround as a result of government economic reforms agenda, which had boosted investors’ confidence in Pakistan, he added.
The secretary commerce informed the delegation that a
significant chunk of $46 billion, which would come through CPEC project, would be utilized on the energy sector whereas $ 10 billion would be used for increasing the regional connectivity.