Google, US-based global technology company, has offered 15,000 scholarships per year to qualified Pakistani youth in order to revolutionize the country’s high-potential IT sector.
“The American tech giant wants to invest $3.5 million in Pakistan,” Senator Dr. Afnanullah Khan, a member of the Senate’s Standing Committee on Information Technology, said.
Similarly, he stated that the sale of 5G licenses would generate billions of dollars in foreign exchange, as well as significant venture capital investment in the private sector. “Pakistan’s IT exports can easily be increased to $10 billion in the next few years with modest planning,” the senator said.
He also revealed that South Korea had allocated a $1 billion loan to Pakistan’s information technology sector at a 0.1 percent interest rate.
“There are many areas in IT where Pakistan can focus in order to emerge as a regional IT powerhouse very soon.”
The senator went on to say that he was working with the government and individuals to bring about a revolution in the country’s IT sector. “I want to use my advanced education in information technology to benefit the country.”
Senator Khan holds a PhD in Information Technology from Oxford University and has completed IT projects worth billions of dollars. He stated that the PML-N leadership was aware of the plight of the Pakistani people and wanted Pakistan to develop more in the IT sector because, unlike any other sector, investment in the IT sector paid off quickly.
He also stated that the export of IT personnel to countries such as Japan was an important project that was currently underway. “As a result, every effort will be made to increase the government’s focus on this sector so that obstacles to foreign investment can be removed,” he added.