KARACHI: Officials of the Pakistan Software Houses Association (P@SHA) on Thursday expressed “profound apprehensions” about Pakistan’s national budget announced a day earlier, saying the IT Industry’s proposals had been “completely overlooked” and demanding amendments to the finance bill.
Pakistan’s IT sector continued its growth momentum in April this year, marking another all-time high record of $310 million in inflows. Central bank data shows the country achieved 62 percent year-on-year growth in the sector. During the 10 months of the current fiscal year (10MFY24), IT exports clocked in at $2.59 billion, up by 21 percent annual basis as compared to $2.14 billion recorded in 10MFY23.
Pakistani IT exports are expected to rise to above $3.5 billion after the caretaker government allowed a retention limit from 35 percent to 50 percent in the Exporters’ Specialized Foreign Currency Accounts.
Against this background, Ali Ihsan, senior vice chairman of P@SHA, said the government had signed the “death warrant” of the IT industry with the new budget.
“The government should have been aware that the last savior of Pakistan’s economy is the IT industry,” Ihsan said, “be it exports, current account management, employment generation or foreign direct investment.”
Muhammad Zohaib Khan, the chairman of P@SHA, said the IT industry was already facing a dearth of skilled and highly-skilled workforce:
“The government should have given a special package to the human resource pool to enable IT companies to continue with the momentum of double-digit growth in IT exports.”
He said higher income taxes on the salaried class included in the budget would “further fuel the brain drain of the skilled workforce from the IT industry of Pakistan,” adding that an allocation of Rs79 billion ($282.8 million) was primarily for the government’s own projects and IT parks while the industry as a whole and IT companies had been neglected.
“The situation was already alarming vis-à-vis taxes and human resource availability and P@SHA has, time and again, duly presented the facts and relevant proposals to the government,” Khan added.
On taxation measures, the P@SHA chief emphasized that the burden on IT companies was further compounded by the failure to address the challenges posed by the remote worker tax regime.
“Ironically, instead of removing the anomalies in current tax laws, additional taxes have been levied on imports of equipment and GST on hardware has been counterproductively enhanced from 5 percent to 10 percent,” Khan said.
He said the budget “directly” contradicted the Ministry of IT and Telecom’s claims of supporting the industry for investments and exports, demanding “necessary amendments” in the finance bill to ensure that Pakistan’s IT sector continued on its “spectacular growth trajectory.”
Pakistan’s top IT body says government signed ‘death warrant’ of industry with budget 2024-25
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Pakistan’s top IT body says government signed ‘death warrant’ of industry with budget 2024-25
- Pakistan’s IT sector continued growth momentum in April marking another all-time high of $310 million inflows
- Chairman of P@SHA says IT industry was already facing a dearth of skilled and highly-skilled workforce
Saudi Arabia, Pakistan to enhance maritime partnership at AMAN-25 exercise
- This multinational exercise in Karachi is aimed at promoting peace, enhancing cooperation among regional and global navies
- The exercise is scheduled to take place from Feb. 7 to Feb. 11 to present a united front against terrorism and maritime crimes
JEDDAH: Saudi Arabia and Pakistan are united in their commitment to safeguard regional and global waters, using decades of naval collaboration to confront threats and foster stability.
This enduring partnership will take center stage at AMAN-2025, a multinational exercise in Karachi aimed at promoting peace and enhancing cooperation among regional and global navies.
With the participation of Saudi Arabia, the event is scheduled to take place from Feb. 7 to 11 in the capital of Sindh province on the Arabian Sea coast with the aim to also present a united front against terrorism and maritime crimes.
Speaking to Arab News, Pakistan’s Chief of the Naval Staff Adm. Naveed Ashraf highlighted the strong bond between the Royal Saudi Naval Forces and the Pakistan Navy, describing it as an “enduring maritime brotherhood.”
“The two navies have several forums for mutual interaction on issues ranging from training to information sharing and logistics. We regularly conduct exercises at sea — foremost being the Naseem Al-Bahr — seminars and training of personnel to enhance the RSNF’s potential to remain a formidable force in the Arabian Gulf and beyond,” Ashraf said.
The admiral underscored the evolution of the AMAN series since its inception in 2007, noting the exponential growth in the level and number of participants, which makes the upcoming edition distinct.
“In the last edition of 2023, Pakistan hosted 50 nations, and this time we expect even more participation from navies across the globe,” he said, adding that the former International Maritime Conference, previously an adjunct to AMAN, has now evolved into the AMAN Dialogue to allow more pragmatic, practitioner-focused discussions between naval leaders from regional and extra-regional navies on maritime security issues.
Ashraf explained how the Pakistan Navy aligns naval strategies and operational practices during such exercises, especially with increasing international participation.
“One of AMAN’s key objectives is to improve interoperability with regional and global navies. For that, we use an operational language that all participants can understand,” he said. “Collective understanding of naval strategies and operational practices is developed during planning phases and conferences held prior to the exercise.”
Emphasizing the role of AMAN-25 in fostering maritime security and stability in the Indian Ocean, he said: “Key objectives of AMAN are to foster regional and extra-regional cooperation to maintain good order at sea, enhance interoperability, act as a bridge between regions, share experiences, understand each other, and exhibit united resolve against terrorism and maritime crimes.”
Ashraf said that the understanding developed during these exercises helps organize collaborative efforts to ensure maritime security.
“In my plain view, AMAN offers a platform to showcase one’s concerns, capabilities, and willingness to cooperate,” he said.
Commenting on the effectiveness of AMAN in addressing piracy, terrorism, and other maritime crimes, Ashraf said that the AMAN Dialogue provides a forum for sharing awareness, experiences, and strategies to counter such threats.
“A significant number of harbor and sea exercises provide opportunities to improve the capacity of participating nations’ teams to combat maritime crimes effectively,” he said.
Discussing the inaugural AMAN Dialogue and its anticipated outcomes, Ashraf noted that the event has evolved from the International Maritime Conference into a practitioner-focused exchange of views.
“The dialogue seeks to promote shared understanding of maritime security issues, challenges confronting the region, and their linkages to the blue economy. It also deliberates on the efficacy of existing mechanisms for maritime cooperation and the need for innovative solutions to address evolving challenges at sea,” he said.
With maritime threats continuing to evolve, the Pakistan Navy employs technological advances to enhance interoperability with regional and extra-regional navies. Ashraf highlighted the transformative effect of technological innovation on naval warfare.
“We are paying focused attention to leveraging technology to achieve better combat readiness. That is the only way to remain effective against evolving threats. Regarding interoperability, we maintain operational linkages and information-sharing mechanisms with many countries through bilateral and multilateral arrangements, such as the Joint Maritime Information Coordination Center,” he said.
Addressing concerns about maritime pollution and climate change, the admiral said that AMAN-25 would prioritize sustainable practices at sea.
“Climate change and maritime pollution are areas of critical concern. These two issues will receive focused attention during AMAN Dialogue discussions,” he said.
On Pakistan Navy’s bilateral and multilateral agreements beyond the exercise, Ashraf said the force has a long history of cooperation with countries worldwide, even before AMAN’s inception in 2007.
“We have bilateral engagements with many navies through expert-level staff talks, training from basic to advanced levels, and exchange visits of key leadership. We became part of the Combined Maritime Forces in 2004 and have significantly contributed to collaborative security at sea,” he said.
Speaking of his vision for future maritime security amid emerging challenges such as cyber threats and artificial intelligence in warfare, Ashraf warned of the risks posed by disruptive technologies falling into the hands of non-state actors.
“I assess that threats at sea will range from ‘low-cost, high-impact’ technology to conventional weapons coupled with significant cyberattacks. That is why I say that future maritime security will greatly depend on collaborative efforts, where early warning will become a decisive factor,” he said.
Ashraf reiterated the Pakistan Navy’s commitment to maintaining deterrent capabilities against traditional and non-traditional threats. “Pakistan Navy, envisioned as a technologically adaptive military, will maintain its deterrent capability while also participating in regional and international efforts to maintain stability at sea.”
Highlighting AMAN-25’s focus on securing sea lines of communication, Ashraf emphasized the critical role of the Pakistan Navy in safeguarding these economic lifelines. Recognizing the Indian Ocean as a vital artery for global trade, including energy shipments, he said AMAN provides a platform for practical exercises, professional exchanges, and intellectual discourse on maritime security challenges in the region.
“The significance of sea lines of communication is part of the discussions during AMAN, as we alone depend 95 percent on the sea for our commerce. Regional maritime security patrols and participation in CMF’s task forces signify our role in safeguarding these economic lifelines,” he concluded.
Under the theme “Secure Seas — Prosperous Future,” this year’s AMAN Dialogue will address security challenges in the Indian Ocean, including strategic competition, regional conflicts, and piracy, as well as narco-trafficking, and the use of force by non-state actors.
The exploitation of ocean resources, climate change, and emerging technologies such as AI and unmanned systems are transforming the security landscape, posing risks to global trade and economic development.
The dialogue will focus on key themes such as maritime security in the Indian Ocean, perspectives on maritime security and cooperation, the blue economy, as well as the challenges and opportunities presented by emerging technologies.
These discussions will emphasize the need for collaboration to ensure a stable and prosperous maritime future.
Pakistan to optimize special economic zones to rejuvenate industrial landscape
- The development came two days after Pakistan unveiled its National Economic Plan, which aims to target $10 billion annual investment
- The country plans to establish 35 special economic zones to facilitate businesses and industry, according to Board of Investment officials
ISLAMABAD: Pakistan has decided to optimize special economic zones (SEZs) to revitalize its industrial landscape, Prime Minister Shehbaz Sharif’s office said on Thursday, amid efforts to revive the $350 billion South Asian economy.
The decision was made at a meeting of the apex committee of the Special Investment Facilitation Council (SIFC), a hybrid civil-military body established last year to eliminate bureaucratic hurdles in foreign investment and provide a one-window operation to foreign businesses.
The development came two days after Pakistan unveiled its five-year, homegrown National Economic Plan, which aims to target an annual investment goal of $10 billion as the South Asian country seeks to recover from a prolonged macroeconomic crisis.
PM Sharif presided over the SIFC meeting to review various economic initiatives, during which the participants expressed satisfaction over improving macroeconomic conditions and emphasized the importance of collective efforts for unhindered economic growth.
“During the session, the Committee approved the Action Plan for Optimization of SEZs to rejuvenate industrial landscape of Pakistan,” PM Sharif’s office said in a statement.
Pakistan plans to establish 35 special economic zones to facilitate businesses and industry, Board of Investment (BOI) officials said last month. They said they had conducted a survey of these SEZs under the Geographical Information System (GIS) and had extensive data to accelerate the progress of projects in these zones.
The South Asian country aims to attract foreign investment from friendly nations, including China and Gulf countries, as it gradually recovers from a prolonged economic crisis after narrowly avoiding a default in 2023.
The SIFC apex committee reviewed a proposal for minerals harmonization framework, while the forum was briefed on various initiatives in the domain of human resource development for the improvement of skills and global standard accreditation, according to the PM’s office.
“The prime minister appreciated the role of SIFC, ministries, departments and affiliated stakeholders in setting the tone for future activities during 2025,” it said.
“He also emphasized upon the importance of collective efforts at all tiers in the larger interest of the country.”
Saudi Arabia gifts Pakistan 100 tons of dates as part of efforts to enhance humanitarian outreach
- The consignment was presented by Saudi Arabia’s ambassador Nawaf bin Said Al-Malki, KSrelief director Abdullah Al-Baqami
- ‘The noble act not only strengthens our ties but also reflects profound relationship our nations cherish,’ Pakistani official says
ISLAMABAD: The Kingdom of Saudi Arabia has gifted 100 tons of dates to Pakistan, Pakistani state media reported on Thursday, reinforcing the strong bond between the two nations.
Pakistan and Saudi Arabia enjoy strong trade, defense and brotherly relations. The Kingdom is home to over 2.7 million Pakistani expatriates, serving as the top destination for remittances for the cash-strapped South Asian country.
The annual donation of dates is part of Saudi Arabia’s efforts to enhance its humanitarian outreach and foster bilateral relations with Pakistan, the Associated Press of Pakistan (APP) news agency reported.
The consignment of dates was presented to Director-General Military Wing of Pakistan’s Cabinet Division, Brig. Alamgeer Ayub, by Saudi Ambassador Nawaf bin Said Al-Malki and King Salman Humanitarian Aid & Relief Center (KSrelief) Director Abdullah Al-Baqami in Islamabad.
“The gift exemplifies the enduring bonds of friendship and brotherhood between the two countries, rooted in shared values of generosity and mutual support,” the report read.
It said the Saudi government reaffirmed its commitment to supporting the Pakistani people through this heartfelt gesture.
On the occasion, Brig. Ayub expressed his gratitude to the Kingdom for its “unwavering generosity and consistent support” for Pakistan.
“This noble act of solidarity not only strengthens our ties but also reflects the profound relationship our nations cherish,” he was quoted as saying.
Saudi Arabia’s KSrelief has implemented more than 200 projects, including emergency relief for natural disasters and initiatives to address food security, health care and education, in Pakistan worth millions of dollars to improve the lives of vulnerable communities.
Shan Masood wants ‘ruthless’ Pakistan to beat South Africa in second Test today
- South Africa narrowly beat Pakistan by two wickets in first Test match to secure WTC final berth
- Pakistan have yet to announce a playing XI as South Africa bring in debutant Kwena Maphaka
ISLAMABAD: Pakistan Test captain Shan Masood said that he wants his side to be “ruthless” as they take the field against South Africa for the second and final Test match of the series to be played at Cape Town today, Friday.
Pakistan are 1-0 down in the two-match series after losing a closely fought contest in the first Test at Centurion earlier this week.
A brave partnership between Kagiso Rabada and Marco Jansen helped South Africa beat Pakistan in the first Test by two wickets and qualify for the World Test Championship final.
Speaking at a news conference on Thursday, Masood said the best teams are able to win matches because they tend to “make a habit out of it,”
“You want to compete against the best, not just compete you want to win against the best,” Masood said. “And for us it’s heartening to compete but we have to be ruthless and cross the line somewhere,” he added.
South Africa have made some changes to the squad, with Keshav Maharaj, Wiaan Mulder and debutant fast bowler Kwena Maphaka coming into the side. Opener Tony de Zorzi has a thigh strain, while fast bowling allrounder Corbin Bosch and Dane Paterson also drop to the bench.
Pakistan have not yet named a squad for the series.
Playing XI (probable):
1 Shan Masood (capt) 2 Saim Ayub 3 Babar Azam 4 Kamran Ghulam 5 Saud Shakeel 6 Mohammad Rizwan (wk) 7 Salman Ali Agha 8 Aamer Jamal/Noman Ali 9 Naseem Shah 10 Mohammad Abbas 11 Khurram Shahzad
Pakistan warns of Internet disruptions due to fault in submarine cable near Qatar
- AAe-1 cable is one of seven ones handling Pakistan’s international Internet traffic, says PTA
- Internet disruptions over past few months have affected millions of Pakistani users nationwide
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) warned on Thursday that Internet users may face disruptions nationwide due to a fault reported in an undersea cable near Qatar.
In a press release, the PTA said the fault was reported in the AAe-1 submarine cable located near Qatar, which is one of the seven cables handling Pakistan’s international Internet traffic.
“Due to this Internet and broadband users may face problems,” the PTA said.
The PTA said that its teams were working on fixing the problem.
“PTA is monitoring the situation and will keep telecom users informed from time to time,” the statement added.
Pakistan has reported faults in undersea Internet cables in the past as well. Internet disruptions over the past few months have affected millions of Pakistani users, adversely affected businesses and drawn nationwide complaints
Pakistan has 110 million Internet users, and up to 40 percent slower Internet speeds have affected nearly half the country’s 241 million population.
Digital rights experts, however, have cast doubts on the government’s statement about Internet disruptions in the past. Instead, they say that the government’s move to install a firewall to monitor and regulate content and social media platforms has caused the Internet to slow down.