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Liberalization in CRS – The Pakistani Experience Pakistan Software Export Board pseb.pk

Liberalization in CRS – The Pakistani Experience Pakistan Software Export Board www.pseb.org.pk. Outline . Pakistan’s Economic Growth The IT & Telecom Sector Pakistan’s Commitment to GATS Experience with Liberalization. Pakistan’s Economic Growth. Pakistan – Some Statistics.

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Liberalization in CRS – The Pakistani Experience Pakistan Software Export Board pseb.pk

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  1. Liberalization in CRS – The Pakistani ExperiencePakistan Software Export Boardwww.pseb.org.pk

  2. Outline • Pakistan’s Economic Growth • The IT & Telecom Sector • Pakistan’s Commitment to GATS • Experience with Liberalization

  3. Pakistan’s Economic Growth

  4. Pakistan – Some Statistics • Population = 150 million + • GDP = $96.1bn (2004); Growth = 8.4% • Industrial Growth (2004-05) = 15.6% • Total Exports = $14.4bn; Growth = 17% • Imports = $20.62bn; Growth = 32% • FDI (2004-05) = $1.67bn+; Growth = 61%

  5. Leading Sectors for FDI- Last 2 Years (2003-05) ALL HEAVILY DEPENDENT ON IT

  6. The IT & Telecom Sector

  7. Pakistan’s IT and Telecom Sector • Annual IT Market > $ 800 m with growth rate = 30% • Increase in Software Exports > 40% (year on year) for last three years. • By July 2005, total cellular subscribers reached 14.1 million showing a growth rate of 156% in one year. • Nearly 700 companies ICT Firms; about half are in CRS specifically • Total employment = 95,000 • Annual IT graduates = 5,500+

  8. Whom Do Pakistani Software Companies Sell To

  9. Main Incentives for IT & IT Enabled Services Industry (in place since 2000) • Tax holiday on IT export earnings until 2016 • 100% Foreign Ownership allowed • 100% repatriation of earnings allowed • 5% percent customs duty on import of IT related machinery and equipment • 33% annual depreciation of equipment allowed • Availability of Export Refinance • Presence of technology parks - a one-stop shop for all services

  10. Exports of IT & ITeS Fiscal Year from July to June

  11. IBM Microsoft Oracle NCR Siemens Nortel Nokia ZTE Huawei Motorola Bearing Point Cisco Hyundai Ericsson HP Major IT Companies In Pakistan

  12. GATS & Pakistan

  13. Pakistan’s GATS Offer ● Full commitment ◒ Horizontal commitment

  14. Experience with Liberalization

  15. Support for Rapid Industrial Growth • Public Sector Automation • Possibility to export services to other countries e.g. ZTE, Bearing Point, NCR, Oracle, Halliburton • Increase in software exports > 40% in the last 3 years • Increase in no. of firms registered 1300 % since 1996 • Establishment of regional/international service centers

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