
ISLAMABAD: August 19 –


APP23-190824
LARKANA: August 19 – A view of stagnant rain water accumulated in front of quarters near Government Boys Degree College after heavy rain in the city.
ISLAMABAD, Aug 19 (APP): Prime Minister Muhammad Shehbaz Sharif on Monday said that the completion of Information Technology Park project in Islamabad would help boost country’s exports in this sector and prove as significant milestone in achieving $25 billion IT exports target.
The prime minister while chairing a meeting to review the ongoing projects of Information Technology, digitization and steps to increase IT exports, termed the progress on IT project in Islamabad as satisfactory.

He further directed for taking steps to reduce its completion timeframe after consultation with the Korean experts, PM Office Media Wing said in a press release.
The meeting was attended by Ministers Ahsan Iqbal, Ahad Khan Cheema, Muhammad Aurangzeb, Attaullah Tarar, Minister of State for IT Shaza Fatima Khawaja, Deputy Chairman Planning Jehanzaib Khan, PM’s Coordinators Malik Mukhtar Bharath, Rana Ahsan Afzal and relevant senior officials.
The meeting was apprised that work on the IT park project was in full swing and the Korean company had reset its completion date to February 2025 from earlier June 2025.
The Capital Development Authority’s (CDA) teams were regularly visiting and monitoring the project site.
The meeting was further briefed over the digital smart cities and the commencement of its pilot project from Islamabad, which would enable the residents of the city to get easy access to 150 government’s services through City Super Application.
Through this mobile application, the governmental and administrative services including CDA, Islamabad Police, health and educational services would be made available.
The prime minister said that the citizens should be encouraged to use mobile application for availing of the government’s services.
The meeting was also apprised of the IT sector performance over the past five months. Under the government’s steps, IT exports saw a growth of 30 percent when compared with the figures in the last year.
A total of 300,000 students had been registered to get training in IT skills programmes while four new incubation centers had been set up. Under the government’s steps, the manufacturing of mobile phones in the country saw a surge by 30 percent whereas the number of its users had increased by further 800,000.
Under the prime minister’s vision, all the relevant institutions and departments were collectively working on different projects to take Pakistan’s IT exports to $25 billion mark.
The meeting was briefed over investment in IT projects and the phased wise increase in IT exports. With government’s investment of $77 million in IT sector, an increase in IT exports upto $25 billion was expected.
About $13 billion foreign reserves from government’s steps in IT exports, $10 billion from country’s digital transformation and $2 billion foreign reserves in telecom sector were expected, the meeting was told.
The meeting was told that throughout the country, federal government’s services including financial, health, agriculture, education, administration and security were being made available to the citizens through mobile application and in this respect, a project was in the final stages.
The prime minister directed for accomplishment of all steps in the IT sector within the stipulated period.
ISLAMABAD, Aug 19 (APP):Reiterating government’s commitment to provide a stable and conducive business environment, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said here Monday that all necessary measures were being taken to facilitate investments.
The minister was talking to President and Group Chief Executive Officer (GCEO) Mashreq Bank, Ahmed Abdelaal, who virtually called on him to discuss the economic outlook and explore investment opportunities in Pakistan, according to press release issued by finance ministry.
The meeting was also attended by Minister of State, Ali Parvez Malik, and senior officers from the Finance Division and State Bank of Pakistan (SBP) the press release added.
The Finance Minister underscored the significant potential of Pakistan’s IT and Agriculture sectors, calling for increased investment from both local and international stakeholders to drive economic growth.
He expressed appreciation for Mashreq Bank’s interest in Pakistan’s financial landscape and expressed keen interest of the government to re-engage with Mashreq Bank.
The Minister provided an overview of the economic outlook of the country and mentioned the recent improvements in the macroeconomic indicators and stability of the currency and financial markets.
He also mentioned the economic policies and initiatives of the government, emphasizing the ongoing efforts to stabilize the macroeconomic environment and enhance investor’s confidence through key initiatives of the government such as broadening the tax base, improving the ease of doing business, digitalization within the Federal Board of Revenue (FBR), the privatization agenda of the government, and SOEs reforms.
On the occasion, Ahmed Abdelaal appreciated the policies and initiatives of the government towards improving the investors’ confidence and creating a business-friendly environment in the country.
He expressed Mashreq Bank’s interest in deepening its engagement in Pakistan’s financial sector and contributing to the country’s economic development, adding Pakistan was amongst one of the most strategic markets for investment opportunities.
He also discussed the potential areas for investment in Pakistan such as infrastructure, energy, technology, agriculture, and SMEs in order to enhance collaboration between Pakistan and the United Arab Emirates (UAE) for remittances, trade, finance, and Islamic banking.
According to the statement the strong partnership between Pakistan and Mashreq Bank in promoting sustainable economic development was also highlighted in the meeting.
The dialogue reflected Pakistan’s commitment to prudent fiscal management, investor-friendly policies, and inclusive growth, marking a positive step forward in enhancing economic collaboration.