RE - Former Chairman Information and Communication Technologies (ICT) and Chairman NetSol Technologies Ltd Salim Ghauri has urged the government to develop IT incubators in order to set up IT companies and encouraging venture capital funds to provide 'one-window-facilities.
He said Silicon Valley USA, Multimedia Corridor in Malaysia, and Internet City in Dubai has led to the growth of IT industry in the respective countries.
According to him, the IT industry has triggered GDP growth in world economies and there is a need to extend due importance to this industry in Pakistan as well.
He said emerging economies like Korea, Ireland and India are relying heavily on their IT exports, which have reached to $97 billion, $24 billion $48 billion respectively during last fiscal year.
In Pakistan, he said, government has estimated information technology (IT) exports at $350 million for the current fiscal, which is much lower than the potential this industry possesses.