[🇵🇰] Pakistan Telecom and IT Industries

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[H3]Huawei to train 300,000 Young Pakistanis in ICT skills[/H3]
By ShaGwadar Pro
Sep 8, 2024

ISLAMABAD - Chairman of the Prime Minister’s Youth Programme (PMYP), Rana Mashhood Ahmed Khan, visited the Huawei office on Saturday afternoon to discuss the modalities of an extensive training program aimed at equipping 300,000 young Pakistanis with advanced skills in Information and Communication Technology (ICT).

The meeting, which followed crucial technical discussions held on September 4th and 5th, marked a pivotal step in integrating Huawei’s advanced training resources into Pakistan’s educational framework.

The initiative guided by the directives of Prime Minister Mian Muhammad Shehbaz Sharif, seeks to enhance technical education by leveraging Huawei’s global expertise and cutting-edge training materials.

This strategic partnership is expected to substantially elevate the quality and reach of technical education throughout Pakistan, fostering skill development and innovation.

The National Vocational and Technical Training Commission (NAVTTC) will act as the implementation partner under the Prime Minister’s Youth Skill Development Programme.

The collaboration builds upon the foundation established during Prime Minister Shehbaz Sharif’s visit to Huawei’s office in China, underscoring the commitment to advancing Pakistan’s technical education landscape.

 

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Pakistan's IT exports

In August 2024, Pakistan's IT exports reached $298 million, reflecting a 27% increase year-over-year and a 4% rise month-over-month. This figure surpasses the 12-month average of $275 million.

According to Topline Securities, the significant year-over-year growth is attributed to an expanding global client base for IT companies, particularly in the GCC region.

Additionally, a recent relaxation in the permissible retention limit by the State Bank of Pakistan—raising it from 35% to 50% in Exporters’ Specialized Foreign Currency Accounts—along with the stability of the Pakistani Rupee, has encouraged IT exporters to repatriate a greater share of their profits.