Umar Saif
@umarsaif • 210,837 subscribers
CEO https://t.co/ZtIepQcSXP, Khudi, Dil Ka Rishta; Former Federal Minister IT, Telecom & Science; UNESCO Chair ICTD; MIT TR35; YGL; Sitara-i-Imtiaz; Former PITB, VC ITU
Videos
IT industry has great export potential but is compelled to keep its dollars abroad. IT companies have to pay salaries of their international employees placed with foreign clients, and incur monthly expenses for cloud hosting, marketing and sales on platforms like Google, Amazon, Azure, LinkedIn etc. We worked with the SIFC and the State Bank to make a big policy intervention last month, allowing IT companies to keep 50% of their export revenue in dollars in an account in Pakistan and make their international expenses without any restrictions from this amount. Result? IT companies are beginning to bring their dollars back home, and our export revenue jumped by 14% in one month! A 20% increase compared to last year. At this rate, we will cross $3 billion IT exports in a few months, in our journey towards $10 Billion IT export revenue. Onwards and upwards!
Umar Saif50,583 Aufrufe • vor 2 Jahren
Some of our key initiatives in the past 4 months in 90 seconds.
Umar Saif37,592 Aufrufe • vor 2 Jahren
Short summary of our work in 5 months. Our IT industry grew by 32% in export revenue in this short time.
Umar Saif27,282 Aufrufe • vor 2 Jahren
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