WASHINGTON: Pakistan could finally make the breakthrough in the IT market it has been seeking, according to a repoutable technical jounral.
A report in the California-based publication, Commerce Times, earlier this month said that irnoically, “the biggest boost” to Pakistan’s efforts to break into the global IT marketplace came on 28 September when India announced an income tax of more than 36 percent on foreign firms involved in software, R&D and customer service operations in India. The steep tax proposal had been in the works since the beginning of the year and now that it has been made law, it is expected to prompt US firms to follow General Electric’s lead in selling off assets in India, the journal said.
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