'Govt focusing on transforming conventional economy to knowledge based economy'

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'Govt focusing on transforming conventional economy to knowledge based economy'

Minister for Planning and Development Khusro Bakhtyar has said that government is focusing on transforming conventional economy to knowledge based economy to ensure sustainable development in the country.

He was addressing the closing ceremony of 2nd International Conference on Communication, Computing and Digital Systems at Bahria University in Islamabad today (Thursday).

The Minister said that the Prime Minister had also constituted task forces on IT and Knowledge Economy in this regard.

Khusro Bakhtyar said an amount of 117 billion rupees is being earmarked broadly in areas of smart governance, incentives for industry for enhancing IT exports, citizen services, freelancing and telecommunication in the next 5 year plan.

The Minister emphasized the need to enhance tax-to-GDP ratio to have more fiscal space for socio-economic development.

He said ease of doing business was another priority area which would unlock economic potential in the country. 

Pakistan