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Tech Innovation Earns Money: Pakistani startups win £668,000 GSMA grant

The World Economic Forum (WEF) ranked Pakistan among the best countries in terms of the affordability of ICT services.

Out of the 597 applications received from 44 countries, only three were announced as winners by the GSMA Innovation Fund for Mobile Internet Adoption and Digital Inclusion.

A total grant of £668,000 (Rs146 million) will be distributed amongst the winning Pakistani startups — Vceela, Knowledge Platform and Orenda Pakistan.

Addressing the occasion virtually, GSMA Head of Asia Pacific Julian Gorman said digital technologies are set to transform the way people live and work in Pakistan.

He further said that by 2023, the economic contribution of the mobile industry in Pakistan is expected to reach $24 billion, accounting for 6.6 percent of GDP. In an effort to stimulate this growth, Pakistan has recently moved forward with significant mobile services tax reforms.

“As we saw in the GSMA 2020 Digital Societies Report, which tracks the progress of 11 focus countries in Asia Pacific, Pakistan is advancing its societal, economic and digital ambition, as outlined in Digital Pakistan Vision.”

Mr Gorman said.

The GSMA report on the digital society index has tracked Pakistan in achieving one of the highest increases in its overall score.

Federal Minister for IT Syed Aminul Haq said that the Ministry IT & Telecom (MoITT) lauded the efforts of the Global System for Mobile Communications Association (GSMA) for its efforts to bring revolutionary changes in the field of telecommunication in Pakistan.

He informed about the reforms taken by the government in the telecommunication sector in Pakistan that has facilitated investors in broadband and the telephony sectors.

He said the “Right of Way Policy” has been implemented by the government, which was one of the demands of the telephony and internet service providers for the last 24 years.

Mr Haque added that steps were being taken to provide 3G and 4G services across the country and the Corona pandemic has changed the economic and social map of the world and now the priorities have changed in many areas but information technology and telecommunication is a sector whose formula has not changed and its use and the trend has increased tremendously.

The IT minister said that it is a matter of pride for us that not only national but also international organizations are acknowledging the projects of the MoITT.

The World Economic Forum (WEF) ranked Pakistan among the best countries in terms of the affordability of ICT services. Pakistan is ranked 4th in the Global Freelance industry, providing excellent technical resources in various technology fields.

“ITU has announced Pakistan’s National Incubation Centers ‘Ignite’ as one of the champions of projects of its environment category at World Summit on the Information Society Prizes 2021.”

He added.

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