CM Syed Murad Ali Shah Announces Tax Relief For IT Industry
The Sindh government is all set to provide tax relief to the IT industry. source: nation.com.pk

Sindh Chief Minister Syed Murad Ali Shah has announced a breakthrough in the IT industry by reducing the rate of Sindh Sales Tax in IT, software business, and call centers from 13 percent to 3 percent without an import tax credit. However, large institutions that prefer standard rates and input tax credits will have a 13 percent option for input tax services. However, he announced while addressing a meeting organized by the Sindh Department of Science and Technology and the Pakistan Software Export Board & the Business of IT Industry at a local hotel. The seminar was attended by the Federal Minister for IT, Syed Aminual Haq, and the CM Special Assistant on IT.

HR Structure:

CM said the extensive growth of IT exports had pressured HR quality delivery. If we do not invest immediately in our Human resources, we will lose growth goals. Moreover, he said that his government was fully aware of the service gap and planned to implement more capacity-building programs in the next financial year. Furthermore, the programs will launch high-quality youth training camps, capacity building for teachers and trainers, digital literacy for primary and secondary school students, a girls’ skills program, and skill freelancing programs for differently-abled persons.

Design and Business:

Syed Murad Ali Shah said the digital transformation of Sindh could only be real if we used the active partnerships of private companies. However, To re-engineer the existing government processes and introduce innovative citizen services, it is imperative to engage our youth, involved in creative ideas and solutions, into government systems,” he added. To fulfill this objective, the government of Sindh focuses on different programs, including promoting startup culture through incubators and accelerators, Private Equity (PE) and Venture Capital (VC) funding, startup induction in government operations/services, and special incentives for women-owned startups.

E-governance:

The CM talks about e-governance, and that automation of government operations was a fundamental building block for efficient and effective governance. Moreover, he said that his government was committed to improving management through technology.

Read More: IT Minister Aminul Haq says Pakistan will launch 5G Technology next year.

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