Hajra Naz
The Ministry of IT and Telecommunication (MoIT&T) has created new laws to boost Made in Pakistan products.
According to ministry representatives, the goal of this program is to promote indigenization and local IT sector development. The ministry intends to boost the domestic market and lessen reliance on imports by promoting the domestic manufacture of IT products.
The upcoming regulation is an attempt to improve capacity building at the local level. The government’s goal in concentrating on domestic IT product development is to provide a strong foundation that encourages innovation and self-sufficiency. It is anticipated that this strategy will offer local companies and entrepreneurs tremendous chances to prosper in the IT industry.
The legislation aims to establish Pakistan as a competitive competitor in the global IT market, in addition to satisfying local needs. Pakistan may be able to boost exports and strengthen the economy by manufacturing top-notch IT goods domestically. It is believed that this combined strategy of export promotion and import substitution is essential for achieving sustainable economic growth.
Officials say that the effort is expected to boost employment in addition to its economic benefits. It is anticipated that the growth of the local IT sector will lead to a multitude of job possibilities in both manufacturing and research & development. This action supports the government’s overarching goal of increasing employment and enhancing the skill sets of the regional labour force.
