IT Ministry seeks Rs 1.67 billion for fiscal year 2026-27

Islamabad:The IT Ministry has sought funds of more than Rs 1.67 billion for the fiscal year 2026-27.

The funds have been proposed to be allocated for three projects: Pakistan Startup Fund, Bridge Start Pakistan and e-Rozgar.

According to the document, it has been recommended to keep one billion rupees for startup financing and venture capital, the total cost of the 3-year Pakistan Startup Fund is Rs 3 billion as already more than Rs 130 million has been spent so far.

Rs 264 million has been sought for the establishment and expansion of digital centers for freelancers, 80 digital centers have been established in 30 districts across the country, more than 6,500 seats are available.

According to the document, Rs 408 million has been proposed for e-Rozgar and Digital Skills Program.

The projects aim to strengthen the startup ecosystem, increase freelancing employment, and develop an IT-skilled workforce, all of which will accelerate the transition to a digital economy.

 

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