March 24, 2023
Pakistan Technology

Ministry of Information Technology and Telecommunication Requests Budget of Rs. 24.25 Billion for FY24

The Ministry of Information Technology and Telecommunication (MoITT) has requested a budget of Rs. 24.25 billion for the upcoming financial year 2023-24 (FY24), comprising of Rs. 20.877 billion for 34 ongoing projects and Rs. 3.372 billion for 13 new projects.

Documents obtained by ProPakistani reveal that the MoITT has requested a total of Rs. 5.764 billion for 10 ongoing and 6 new projects of the Special Communications Organization (SCO), and Rs. 1.891 billion for 5 ongoing projects of the National Information Technology Board (NITB), without proposing any new project for the board.

The ministry has further requested Rs. 3.022 billion for 9 ongoing and 4 new projects of the Pakistan Software Export Board (PSEB), and Rs. 8.031 billion for 4 ongoing projects in the main ministry.

In addition, the ministry has demanded Rs. 440 million for 3 ongoing projects of the Punjab Information Technology Board (PITB), and Rs. 175.409 million for the Pak-Austria Fachhochschule Institute of Applied Sciences and Technology. It has also requested an amount of Rs. 18.404 billion for the Virtual University Lahore.

Finally, the MoITT is seeking to secure Rs. 16.979 billion for 3 new projects of the National Telecommunication Corporation (NTC), and Rs. 1.422 billion for 1 ongoing project of the National Telecommunication and Information Technology Security Board (NTISB).

The budget request is aimed at funding a total of 47 projects and addressing key information technology and telecommunication challenges in the country.

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