Iftikhar Khan, the advisor to the president ofFPCCI, stated on Sunday that the IT and solar sectors are both promisingand ought to be encouraged.
He said that these industries can boost the struggling economy bypushing IT exports to $25 billion and lowering the cost of oil imports.
In a statement released today, Iftikhar Khan advocated for a preferredresolution of the issues facing the IT and solar industries, as well asa reduction in the tax burden on these two significant sectors to enable them to operate at full potential.
Because of the intimate connection between the internet and nationaldevelopment, he said, taxes on the internet and telecom sector should belowered as well.
The business leader said that India and Pakistan both achievedindependence at the same time; however, while Indian IT exports arevalued at 194 billion dollars, Pakistani IT exports are valued at less than two billion dollars, even though Pakistanis have greaterqualifications than Indians.
Iftikhar Khan stated that whereas India’s economy has grown to over 3750billion dollars, ours is at 375 billion dollars, is rapidly contractingbecause of several problems.
India trades with dozens of countries in its own currency but Pakistanis unable to find a global recognition to its currency.
He emphasised that we won’t need to continuously plead with the IMF andfriendly nations for a few billion dollars if the correct policies areimplemented.
He went on to say that because we have always disregarded the demands ofthe modern world, many industries, including IT, solar, and wind power,have not been able to grow quickly, and everyone is trying their luck inreal estate.—NNI
