IT not even mentioned in the Budget

June 12, 2008 at 9:35 pm 2 comments

In a country of 90 million young people, isn’t it amazing that the Budget does not even mention the dynamic Information Technology area. The least we were expecting was the removal of the 15% GST from computer equipment, exemption from loadshedding for the IT sector similar that which has been made available to the Banking & Finance sector and the Telecom sector, and a few other fiscal incentives that have been proposed by the industry that would boost the growth of companies, thus enabling entrepreneurs to create more jobs.

There was also no mention of investment in R&D, Innovation or Capacity Building for the technology sector or the promotion of Entrepreneurship. I know we have basic problems of food and poverty to address and I have no issue with the money being spent on Social Programs and Health. In fact those sectors needs a lot more than what has been allocated. The amount allocated to Education is also insufficient. However, there have been concessions offered to the Textile sector.

Perhaps a mini budget will follow that will focus on Information Technology😉 After all, the budget for the Capital Markets was announced a week before the main Budget. One can but hope.

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2 Comments Add your own

  • 1. Syed Talha Izhar  |  June 12, 2008 at 10:15 pm

    Hi Jehan

    There is going to be a debate over this budget and there can be changes before the assembly passes it. The IT Industry and its representatives can try to meet with some MNAs to raise this issue in the assembly or maybe we can take a route through the notorious media. What do you say???🙂

    Reply
  • 2. Jehan  |  June 12, 2008 at 10:26 pm

    Hi Talha. Yes actually we met the members of the Economic Advisory Committe a few days ago. They are quite reasonable and sensible people and they agreed that some of our recommendations will be put up.

    I have also started highlighting this in the Media – on PTV, on Dawn News and now our friend Rabia Garib is planning to take it up as a subject on Samaa. We will leave no stone unturned to ensure that we are not ignored.

    Reply

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