IT Industry worth two billion dollars, says PM
He also approved in principle the setting up of a venture capital fund in the private sector. The prime minister stated that the IT ministry should make efforts to attract venture capital in the IT sector and reputed International companies should be approached for this purpose. Shaukat Aziz said that an all-out effort is needed to provide IT skills to the youth as Pakistan will require 230,000 trained IT personnel by 2010. According to the prime minister, the sector currently employs 90,000 professionals and added that the IT industry is growing at 50 per cant per year.
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