Content, Software Development within IT may get sub-sector status

Islamabad—The Content and Software Development within Information Technology (IT) amid good performance, is being considered to have sub-sector status.
The content and software development is gaining significant momentum and would get status of sub-sector within IT arena.
A document prepared for parliament has said IT exports have risen by 41 per cent in 2014-15 as compared to previous year while impact of 3G technology in economy is also encouraging and within a short span its commercial launch broadband subscribers have crossed 26 million and broadband penetration has gone up from less than 3 per cent to over 15 per cent.
The document also claimed as a whole telecom sector investments including proceeds from Spectrum auction and further investments in telecom infrastructure have crossed US $ 2.668 billion so far.
It said introduction of 3G/4G (mobile broadband) has not only brought telecom sector on par with developed countries in terms of modern telecom services but also created more avenues of employment in fields of e-commerce, e-health, e-education, IT applications, content development and home-based businesses etc. across Paki
stan.
Studies have indicated that 10 percent increase in high-speed Internet connections boosts annual Gross Domestic Product (GDP) growth by 1.38 per cent points.
According to these estimates, and considering the exponential rise in mobile broadband users (3G/4G) it is expected that the introduction of this technology would have a very positive impact on economic growth in the country.
The connectivity of broadband through 3G/4G services has also resulted in expansion of financial services and web/e-commerce related activities particularly in relation to women which constitute 51 per cent of the population.—APP

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