The State Bank of Pakistan (SBP) is incorporated under the State Bank of Pakistan Act, 1956, which gives the Bank the authority to function as the central bank of the country. The SBP Act mandates the Bank to regulate the monetary and credit system of Pakistan and to foster its growth in the best national interest with a view to securing monetary stability and fuller utilization of the country’s productive resources.
The vision of PITB is to make Punjab the hub of Information Technology (IT) through human resource development, economic activity generation, IT education, outsourcing, and infrastructure development.
It was set up by the Government of Punjab as an autonomous body with the mission to “develop IT as a major sphere of economic activity, and promote its use in the public and private sectors for increasing efficiency and competitiveness”. So far, PITB has achieved considerable success in a short time towards realizing the objectives for which it was formed.
The stated purpose of PITB is to use synergies of the IT industry, academic institutions, and the government representatives on the PITB board to develop and implement consequential strategies, which will enable our province to achieve its IT potential.
The detailed mission is then to, leverage global practices and benchmarks to develop and implement a citizen-centric e-Governance framework through constructive engagement with the private sector. Also, to assist the Punjab Government in the creation of a reliable and robust infrastructure and a proficient human resource pool. Our Technology will not only help in creating jobs but also open up avenues for entrepreneurship for the people of Punjab and Pakistan.
The Commission on Science and Technology for Sustainable Development in the South (COMSATS) is an international organization. It aims to reduce the ever-growing gap between the developed and developing world through useful applications of science and technology. The Third World Academy of Sciences (TWAS) initiated the proposal for the formation of COMSATS under the leadership of Nobel Laureate, Dr. Abdus Salam.
The CIIT was established in 1998, as a project of the Commission on Science and Technology for Sustainable Development in the South (COMSATS), which is an inter-governmental organization with 27 member states in three continents; Asia, Africa and Latin America, namely Bangladesh, China, Colombia, Egypt, Ghana, Gambia, Iran, Jamaica, Jordan, Kazakhstan, Korea (DPRK), Morocco, Nigeria, Pakistan, State of Palestine, Philippines, Senegal, Sri Lanka, Sudan, Somalia, Syria, Tanzania, Turkey, Tunisia, Uganda and Zimbabwe
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