Government of Pakistan Proposes Big Cuts in IT and Telecom Projects in Budget 2023-24

The government of Pakistan has proposed big cuts in IT and telecom projects in the budget 2023-24. The proposed cuts are part of a larger effort by the government to reduce its fiscal deficit.

The cuts to IT and telecom projects are likely to have a significant impact on the country’s digital transformation efforts. The cuts will make it more difficult for the government to implement its digitalization agenda, which includes initiatives such as e-governance, e-commerce, and e-learning.

The cuts are also likely to have a negative impact on the IT and telecom industry. The industry is already facing a number of challenges, including the high cost of doing business in Pakistan, the lack of skilled talent, and the slow pace of reforms. The cuts will make it even more difficult for the industry to grow and create jobs.

The government’s decision to cut IT and telecom projects has been met with criticism from industry experts and stakeholders. They argue that the cuts will hurt the country’s economic growth and competitiveness. They also argue that the cuts will make it more difficult for Pakistan to attract foreign investment in the IT and telecom sector.

The government has defended its decision to cut IT and telecom projects. It argues that the cuts are necessary to reduce the fiscal deficit. It also argues that the cuts will force the industry to become more efficient and competitive.

It remains to be seen how the government’s decision to cut IT and telecom projects will impact the country’s digital transformation efforts and the IT and telecom industry. However, it is clear that the cuts will have a negative impact on both.

Here are some of the key points to consider:

  • The government of Pakistan has proposed big cuts to IT and telecom projects in the budget 2023-24.
  • The MoITT has demanded Rs. 3,372.76 Million for 13 new schemes whereas the Government of Pakistan has allocated only Rs. 10 million.
  • The proposed Rs. 10 million for the Digital Economy Enhancement Project (World Bank Funded). This project was approved by ECNEC in February 2023 and the total cost of the project is Rs.17,470.750 million.
  • According to the document, the ministry had demanded Rs. 20,877.62 million for 34 ongoing projects in the next financial year under PSDP.

The Government of Pakistan has recommended only Rs. 5,990 million for 30 ongoing Schemes of the Ministry of IT and Telecommunication.

  • It remains to be seen how the government’s decision to cut IT and telecom projects will impact the country’s digital transformation efforts and the IT and telecom industry.

Leave a Reply