According to Dr. Umar Saif, the interim federal minister for information technology and telecommunications, the government intends to establish 5,000 shared e-working facilities to assist independent contractors in Pakistan. A venture capital program to support businesses is also being worked on to entice foreign investors.
In an effort to attract foreign investors to these initiatives, Dr. Saif indicated his impending trip to Saudi Arabia. He stressed that the government is dedicated to providing interest-free loans to aid in the establishment of these e-working centers, which is anticipated to generate a significant amount of employment possibilities for the nation.
Additionally, Dr. Saif and Caretaker Finance Minister Dr. Shamshad Akhtar spoke about a five-point plan for the IT industry. This strategy calls for maintaining foreign exchange within the IT sector and could potentially attract offshore IT funds back to Pakistan. It also hopes to enhance foreign currency inflows and investor confidence, which will ultimately result in more IT exports.