Information technology has assumed the central role in the development of knowledge economies and transformation of the world into a global village. The IT sector is growing rapidly in Pakistan and particularly Punjab.
Government of Punjab (GOP) has been supporting IT sector through numerous initiatives that include various sustainable development and accelerated digitization projects, research and innovation, establishment of software technology parks, provision of subsidized bandwidth, international certifications, internships and trainings. Moreover, the government is planning establishment of “Technology Incubators” and “Venture Funds” resulting in acceleration of entrepreneurship locally. Various incentives on part of the government have been put in place in order to strengthen the growth of the sector which include 100% equity ownership, 100% repatriation of capital/dividends, and tax exemption on IT export revenues and subsidized state of the art Software Technology Parks.