Business
IT exports of Pakistan reaches all-time high of $306mn
IT exports totaled $2.28 billion in the first nine months of 2024.
Islamabad: The efforts of the Special Investment Facilitation Council (SIFC) have led to a record increase in IT exports.
Pakistan's IT exports rose to a record high of $306 million in March 2024. IT exports totaled $2.28 billion in the first nine months of 2024, a year-on-year increase of 17 percent.
IT exports at the beginning of fiscal year 2024 were $2.28 billion, which increased by $275 million during March 2024, which is 37 percent.
The IT and Telecom sector is one of the key sectors covered by the Special Investment Facilitation Council (SIFC). This growth in the IT sector is attributed to the concerted efforts of the SIFC.
The efforts of the SIFC have given significant incentives in this sector which include increased dollar holdings by the State Bank of Pakistan (SBP), among other measures to improve the investment climate.
According to the forecast of the Ministry of Finance, IT exports will increase to 3.5 billion dollars during the fiscal year 2024.
Pakistan
CM GB writes letter to PM Shehbaz
CM GB said that the prime minister should play a role amid this.
Islamabad: The chief minister (CM) Gilgit Baltistan (GB) Gulber Khan has wrote a special letter to prime minister Shehbaz Sharif.
It is stated in the letter that the establishment division should make sure the implementation on fixed quota for the youth of GB in Islamabad.
The implementation should have done on quota of GB on advertised vacancies in federal institutions including labor department and social security institution.
CM GB said that the prime minister should play a role in making sure the fixed quota by the establishment division for providing opportunity of employment to the literate youth of GB.
Pakistan
Proposals sought for standing committees’ formation in Senate
According to the tradition of the past, the relevant committees should be given to the opposition.
Islamabad: The proposals have been sought from the parliamentary leaders till May 10 for the formation of standing committees in the Senate after the National Assembly.
According to the media reports quoting sources of the Senate Secretariat, 36 standing committees and four active committees will be formed in the upper house.
The report quoting sources further said that the opposition has given preliminary proposals to the Senate Chairman regarding the standing committees.
According to the tradition of the past, the relevant committees should be given to the opposition.
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