In the Federal Budget 2024-25, Finance and Revenue Minister Senator Muhammad Aurangzeb announced an allocation of Rs 1 billion for the establishment of the National Digital Commission (NDC) and the Digital Pakistan Authority (DPA).
This initiative aims to foster digital transformation, innovations, and digital solutions across various government departments.
Minister Aurangzeb highlighted the government's commitment to boosting the Information Technology (IT) sector, recognizing its potential for rapid and substantial returns on investment. He projected that, with the support of Pakistan's talented youth and the government's IT-friendly policies, the country's IT exports could reach $3.5 billion.
The budget allocates a total of Rs 79 billion to the IT sector. Of this, Rs 7 billion is earmarked for the digitalization and reforms within the Federal Board of Revenue (FBR). These funds will be used to implement modern IT systems to expand the tax base and address inefficiencies in the tax collection process.
Additionally, Rs 11 billion is set aside for the Technology Park Development Project in Islamabad. The Pakistan Software Export Board (PSEB) will receive Rs 2 billion to support IT sector exporters and to fund internship programs for students within IT firms.
Furthermore, the budget proposes Rs 20 billion for developing digital infrastructure information, underscoring the government's strategic focus on strengthening Pakistan's digital landscape.
