Pakistan, May 21 -- As the federal budget approaches, Pakistan's IT sector has issued a serious warning to the government: reform the tax system or risk losing top companies to other countries. The Pakistan Software Houses Association (P@SHA) stated that without immediate policy improvements, firms may shift operations to more business-friendly nations like the UAE, Vietnam, or the Philippines.

Speaking at a press conference, P@SHA Chairman Sajjad Syed said that the private sector, not the public sector, drives investment in the country. He urged the government to act as a facilitator by ensuring a stable tax policy, supporting infrastructure, and developing tech skills. Syed emphasized that inconsistent policies are hurting business con...