ISLAMABAD: Prime Minister Shehbaz Sharif on Friday reaffirmed Pakistan’s ambitions to boost its information technology (IT) exports to $25 billion in the next three years and to roll out 5G Internet services, despite challenges from firewall installations.
The Pakistan prime minister expressed these plans during his meeting with a delegation of VEON, an Amsterdam-based multinational telecommunication and digital services company, led by its chairman Augie K. Fabela, to discuss his government’s efforts to “develop and promote” the telecommunications sector, according to Sharif’s office.
The South Asian country’s IT exports face significant challenges due to Internet connectivity issues stemming from firewall installations to regulate content and social media platforms that hinder the ability of local tech firms to communicate with international clients. This results in delayed deliveries, loss of business opportunities and a tarnished reputation for Pakistan’s IT industry, ultimately stifling growth and costing millions of rupees in losses.
In August, the Pakistan Software Houses Association (P@SHA) said the country’s economy could lose up to $300 million due to Internet disruptions caused by the imposition of the firewall. However, State Minister for IT Shaza Khawaja repeatedly denied the use of firewalls by the government as a form of censorship.
“We are determined to achieve the target of increasing IT exports from Pakistan to 25 billion dollars in the next three years,” Sharif was quoted as saying by his office. “Steps are being taken to introduce 5G Internet services for faster and reliable Internet services in Pakistan.”
Sharif said the rollout of 5G services would make it possible for his government to achieve the vision of “Digital Pakistan.” He said the telecommunications sector would play an important role in promoting a cashless and digital economy, praising the work of a VEON subsidiary, Jazz Group, and expressing his government’s willingness to promote IT, digitization and artificial intelligence (AI) in Pakistan.
The visiting delegation appreciated the Pakistani government’s efforts to stabilize the economy and termed Pakistan an important country for investment in the IT sector, according to Sharif’s office.
Pakistan recorded $298 million in IT exports in June, up 33 percent from the year before. During the fiscal year that ended in June, Pakistan recorded overall IT exports of $3.2 billion, up 24 percent from $2.5 billion in the previous year.
The South Asian nation has lately encouraged its IT sector and facilitated collaborations with firms in several countries, including Saudi Arabia, China and Qatar, to boost its IT exports.
However, IT-related associations and businesses this year raised alarm over slowing Internet speeds as the federal government moved to implement the nationwide firewall to block malicious content, protect government networks from attacks, and allow authorities to identify addresses associated with what it calls “anti-state propaganda.”
In August, the Pakistan Business Council warned that frequent Internet disruptions and low speeds caused by poor implementation of the firewall had led many multinational companies to consider relocating their offices out of Pakistan, with some having “already done so.”
Pakistan eyes $25 billion IT exports in three years, 5G rollout despite roadblocks
https://arab.news/gk25b
Pakistan eyes $25 billion IT exports in three years, 5G rollout despite roadblocks
- Pakistan’s IT exports face significant challenges due to Internet connectivity issues stemming from firewall installations to regulate content
- In August, the Pakistan Software Houses Association said the country’s economy could lose up to $300 million due to Internet disruptions
IMF hails Pakistan privatization drive, calls PIA sale a ‘milestone’
- Fund backs sale of national airline as key step in divesting loss-making state firms
- IMF has long urged Islamabad to reduce fiscal burden posed by state-owned entities
KARACHI: The International Monetary Fund (IMF) on Saturday welcomed Pakistan’s privatization efforts, describing the sale of the country’s national airline to a private consortium last month as a milestone that could help advance the divestment of loss-making state-owned enterprises (SOEs).
The comments follow the government’s sale of a 75 percent stake in Pakistan International Airlines (PIA) to a consortium led by the Arif Habib Group for Rs 135 billion ($486 million) after several rounds of bidding in a competitive process, marking Islamabad’s second attempt to privatize the carrier after a failed effort a year earlier.
Between the two privatization attempts, PIA resumed flight operations to several international destinations after aviation authorities in the European Union and Britain lifted restrictions nearly five years after the airline was grounded following a deadly Airbus A320 crash in Karachi in 2020 that killed 97 people.
“We welcome the authorities’ privatization efforts and the completion of the PIA privatization process, which was a commitment under the EFF,” Mahir Binici, the IMF’s resident representative in Pakistan, said in response to an Arab News query, referring to the $7 billion Extended Fund Facility.
“This privatization represents a milestone within the authorities’ reform agenda, aimed at decreasing governmental involvement in commercial sectors and attracting investments to promote economic growth in Pakistan,” he added.
The IMF has long urged Islamabad to reduce the fiscal burden posed by loss-making state firms, which have weighed public finances for years and required repeated government bailouts. Beyond PIA, the government has signaled plans to restructure or sell stakes in additional SOEs as part of broader reforms under the IMF program.
Privatization also remains politically sensitive in Pakistan, with critics warning of job losses and concerns over national assets, while supporters argue private sector management could improve efficiency and service delivery in chronically underperforming entities.
Pakistan’s Cabinet Committee on State-Owned Enterprises said on Friday that SOEs recorded a net loss of Rs 122.9 billion ($442 million) in the 2024–25 fiscal year, compared with a net loss of Rs 30.6 billion ($110 million) in the previous year.










