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For Freelancers, Government will introduce interest-free loans

For Freelancers, Government will introduce interest-free loans

Federal Minister for Information Technology and Telecommunications Dr. Umar Saif said that the government will introduce interest-free loans for freelancers. According to specifics provided by the IT minister, funding would be distributed in association with global businesses. According to Umar Said, sterilized exams would be held for IT graduates and the IT apprenticeship would be made mandatory at institutions.

According to him, national highway roaming would begin in two months and make it simple for customers to utilize several cell networks. Prior to now, Dr. Umar Saif, the caretaker federal minister for information technology and telecommunications, said that measures were being taken to draw foreign investors to the proposed venture capital for startups.

While the government plans to establish 5,000 joint e-working centres for independent contractors, the minister announced that he will soon travel to Saudi Arabia as well. According to Dr. Umar Saif, millions of job possibilities would be created in the nation as a consequence of interest-free loans used to create joint E-Working Centres and enable freelancers.

He reported having a fruitful conversation about a 5-point agenda pertaining to the IT Sector with Caretaker Finance Minister Dr. Shamshad Akhtar. It was thoroughly addressed and there will soon be excellent news regarding the retention of dollars in the IT business.

A thorough strategy has been developed by the government to support the nation’s independent contractors. To help independent contractors start their own centres, they will provide services such as loans with no interest. The goal of this initiative is to encourage IT entrepreneurship and empower freelancers.

The government also plans to construct 5,000 joint e-working facilities around the nation. These facilities will provide freelancers access to a dedicated space with all of the equipment they need to work effectively. In addition to giving freelancers opportunities, this will also aid in the development of the digital economy.

Dr. Umar expressed optimism over the conversations he had with the finance minister regarding establishing a joint fund with government support. This fund aims to draw international investors and give start-up businesses financial support in order to promote innovation.

To support this, the government promotes foreign investment in the IT industry. Accounts created abroad will be moved to Pakistan, regaining investor confidence and boosting the amount of money coming into the nation. The minister for information technology and communications, Dr. Umar Saif, also announced his plan to travel to Saudi Arabia to look into IT investment potential. In order to further the growth of Pakistan’s IT industry, this tour intends to fortify bilateral connections and draw in outside capital. These efforts show the government’s commitment to advancing the IT industry, generating job opportunities, and fostering entrepreneurship and innovation to increase economic growth overall.

Dr. Umar Saif, the interim federal minister for information technology and telecommunications, has stated that efforts are being made to get foreign investors to participate in the proposed venture capital for startups. While the government plans to establish 5,000 joint e-working centres for independent contractors, the minister announced that he will soon travel to Saudi Arabia as well. According to Dr. Umar Saif, millions of job possibilities would be created in the nation as a consequence of interest-free loans used to create joint E-Working Centres and enable freelancers.

He reported having a fruitful conversation about a 5-point agenda pertaining to the IT Sector with Caretaker Finance Minister Dr. Shamshad Akhtar. It was thoroughly addressed and there will soon be excellent news regarding the retention of dollars in the IT business. This action will not only transfer foreign IT accounts to Pakistan and regain investor trust, but it will also quicken the flow of funds into the nation and boost the amount of IT exports right away.

Additionally, while presiding over the Pakistan Software Export Board’s (PSEB) 58th meeting on Thursday, Caretaker IT Minister Dr. Umar Saif stated that PSEB should redefine its role to help IT companies get international clients and business as well as to brand Pakistan in the global market.

Given Pakistan’s unique situation in terms of IT specialists and time zones, it is crucial to launch its IT/ITeS products in the appropriate ways. To increase the exports of Pakistani IT businesses, PSEB must work with Pakistan trade and commerce missions in Pakistani embassies across the world, he continued.

Dr. Umar Saif instructed PSEB to expedite all required actions for the training of 200,000 IT experts in order to increase IT exports by $5 billion. The discussion covered a variety of topics, including growing foreign investment and the IT sector. Dr. Umar expressed excitement over the conversation with the finance minister regarding the creation of a joint fund with government backing, according to a news statement from the Ministry of IT & Telecom.

The planned fund for start-ups is taking steps to include international investors, he said. Freelancers will have access to a space with amenities, and millions of new jobs will be made possible. On the subject of permitting the unrestricted use of IT industry codes, progress has been made. Accounts opened in other countries would be moved to Pakistan, regaining investor trust. This plan will hasten the flow of funds into the nation and boost IT export volume right now.

Additionally, Dr. Umar Saif disclosed strategies for improving Pakistan’s IT environment in order to promote skill development and better prepare students for the digital workforce, he emphasized that IT apprenticeships will soon be required at universities. To ensure the calibre of talent entering the business, standardized examinations will also be given to IT graduates.

The government is starting a project to implement highway national roaming within the next two months, which is related to connectivity. This effort is designed to give users the ease of smoothly moving between several mobile networks, improving connection and accessibility for everyone.

Dr. Umar Saif said that efforts are being made to create a platform for venture capital for companies in an effort to draw in international investors. Furthermore, the government has grand ambitions to establish 5,000 joint e-working centers for independent contractors, a move that is expected to generate millions of job possibilities around the country.

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