TLTP
ISLAMABAD
Minister of State for Information and Broadcasting Farrukh Habib has said that the government is paying special focus to increase exports of information technology (IT). Addressing an event on Thursday, the minister said that in 2018, the exports of the IT sector were worth $800 million and a significant increase is being witnessed in this regard. He said the youth can start their own business with new ideas and avail upto one million rupees loan from banks under Kamyab Jawan Programme.
He added they can also get benefits of loan up to Rs25 million through another slab.
He said that investment of over $300 million has been made in the startups programme. He said that under the stipend programme, 200,000 deserving students have so far been provided educational stipends.
He said that special incentives are also being provided to the construction sector and big allocations have been approved for this purpose while approval of Rs100 billion has also been accorded for construction of low-cost homes.
The minister said that under the China-Pakistan Economic Corridor, special economic zones are being established across the country. He said that the country is facing many economic challenges but the government is fighting these hurdles through an effective strategy. TLTP
