WEB-DESK. Pakistan’s Information Technology (IT) exports can expand to a volume of $10 billion annually from $1 billion if the government frames a friendly policy for the sector.
This was said by Abdul Rehman Chinoy , President of Chinoy Group of Industries, in his exclusive interview with News360.
Recently, Chinoy launched a mobile application development company named ‘ techstirr’ which has branches in Dubai, London, and the United States (US). The new branch of the software company has started operating in Pakistan for mobilization of the indigenous workforce.
Chinoy noted that global IT market was worth $25 trillion however Pakistan had a measly share in it. “Pakistan needs to have multi-national IT firms having competent workforce which is able to counter challenges”, he opined.
According to the official, it would not take much longer for the country to experience a change in fortune if the government expedited the digitization process and finished it at the earliest.
Answering a question on how Pakistan can go ahead of neighboring India, which has excelled in the IT sector over the years, Chinoy commented that Pakistan would require not to take strides but mini-steps towards progress in the IT sector.
He was of the view that Pakistani youth has all skills for taking the country forward. “ All we need to do is to induce optimism in young people and give them a direction “, Chinoy commented.
Chinoy Group has recently launched an online retail shopping platform, Asan Dukaan.
Regarding the project, he said that the people could open ‘digital shops’ on the website. The marketing of the shops would be done by the firm, Chinoy said.
Talking abou the incumbent government’s economic policies, Chinoy said that political instability certainly influenced investors’ trust. “ If they (investors) are uncertain about the duration of policies , they would refrain from making investments”, he added.
He also complained about high-interest rates and the late payment of subsidies to textile industries.