Google is providing scholarships worth $300,000 to 15,000 talented young people in Pakistan to help them reinvent the country’s IT sector.
Senator Dr. Afnanullah Khan, a member of the Senate Standing Committee on Information Technology, said, “Google wants to allocate $3.5 million in Pakistan.”
In line with this, he said selling 5G licences would bring in billions of dollars in foreign exchange and that the private sector would also see significant venture capital investment. He said that with careful preparation, Pakistan’s information technology (IT) exports might easily reach $10 billion over the next five years.
He also stated that the South Korean government had granted Pakistan’s information technology industry a loan of one billion dollars at a 0.1 percent interest rate.
He said that one significant undertaking now underway was sending members of the information technology workforce to countries such as Japan. As a result, he stated that “every effort would be made to remove the barriers to international investment in order to strengthen the government’s attention on this matter.”
Google is awarding 15,000 annual scholarships to Pakistani youth, reported The Express Tribune on Tuesday.
“In the near future, Pakistan may become a significant information technology power in the region based on a number of factors.”
The senator said he was working towards revolutionizing the country’s information technology industry in collaboration with the government and on his own initiative. Please rewrite the sentence to clarify the senator’s goals and intentions.
Senator Khan has completed several billion dollar information technology projects and has a degree from Oxford University in information technology. He said that the PML-N leadership was aware of the difficulties Pakistanis were experiencing and that they wanted the country to grow in the IT sector because, in contrast to other industries, investments in the IT industry paid off in a short time period. He claimed that the PML-N leadership was aware of the difficulties Pakistanis were experiencing.
He said that one ongoing project involved sending members of the information technology workforce to countries such as Japan. As a result, he emphasised that “every effort would be made to remove the barriers to international investment.”
