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Articles for tag: 25bn, deputy, exports, Minister, Pakistan, targets, years

September 23, 2024

News Desk

Pakistan targets $25bn in IT exports over next five years, says deputy minister

Minister of State for Information Technology and Telecommunications Shaza Fatima Khwaja gestures for a photograph. — APP/File Pakistan’s IT exports have increased to $3.223 billion and the government plans to increase this amount to $25 billion in the next five years, Minister of State for Information Technology and Telecommunications Shaza Fatima Khwaja said on Monday. The IT minister stated this during the HBL-P@SHA ICT Awards 2024, organized by the Pakistan Software Houses Association (P@SHA). The country’s IT and IT-enabled services (ITeS) export remittances registered a 24% growth to reach an all-time high of $3.223 billion in FY 2023-24 compared to

July 9, 2024

News Desk

Govt rejects Rs 25bn grant for Pakistan Railways

Islamabad: The federal government rejected a proposal to approve a grant of Rs 25 billion to clear Pakistan Railways outstanding liabilities and instead gave the nod for only Rs 2 billion. To avoid frequent court cases over pension arrears and enable Pakistan Railways to focus on core operations, the Economic Coordination Committee (ECC) of the cabinet was asked in a recent meeting to approve a grant of Rs 25 billion to clear the backlog obligations, comply with court orders and ensure the smooth operation and provision of services. The Railway Department informed the ECC that Pakistan Railways was the only

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