All Pakistan Business Forum Predicts Upward Growth for IT


Earlier this week, the President for the All Pakistan Business Forum (APBF), Ibrahim Qureshi said that with the foreign investment in the country increasing it is essential that all provinces get equal benefits, opportunities and budgets for strengthening their infrastructure and trade activities along with their information technology (IT) sectors.

He also added that China-Pakistan Economic Corridor (CPEC) inspires new opportunities to set up projects that are to boost the IT sector. He also appreciated China’s robust investment plans and trans-national initiatives for boosting cross-border trade activities.

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Furthermore, according to a press released by APBF, CPEC is to include construction of cross-border optical fibre (OFC) system between China and Pakistan for international connectivity of voice/data traffic and provision of seamless GSM coverage along the Karakoram Highway (KKH) for the proposed Gwadar – Kashgar Economic Corridor in Gilgit Baltistan.

The press release further added that,

Pakistan itself represents a major potential for people-centric mobile based applications and products which are fully prepared for the next level of development with a state-of-the-art connectivity structure with fixed and mobile networks that have a teledensity of more than 71% which is also increasing on a monthly basis.”