IT and solar sectors have potential to increase economy: Mian Zahid.

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on August 23 that the IT and solar industries can play a fundamental role in raising the country's economy from its death bed.

IT exports can be increased to $25 billion, for which the problems of this sector have to be solved, it has to be developed, and the tax burden has to be reduced, he said.

Mian Zahid Hussain said that apart from this, the taxes raised on the internet have to be withdrawn because the internet is closely linked to the internet.

Talking to the business community, the veteran business leader said that Pakistan and India gained independence together, Pakistanis are more qualified than Indians, and better results can be achieved by training them.

Presently, India's IT exports are $194 billion, while Pakistan's IT exports are about $2 billion. The size of our economy is $375 billion, which is shrinking rapidly, while the size of India's economy has increased to more than $3,750 billion, which is growing at a rate of 6.7%, he informed.

The business leader said that dozens of countries are trading with India in its currency, while people in Pakistan are not ready to trust their own currency, due to which the dollarization of the economy is increasing.

Mian Zahid Hussain said that if we compare the area and population of India, our IT exports should be at least $25 billion. If the right policies are adopted, we will not have to constantly beg the IMF and friendly...