Pakistan’s IT sector sees 20.41% growth as Government pledges support for investment.
Shaza Fatima Khawaja, the Minister of State for Information Technology and Telecommunication, has vowed a full fledge support to IT companies who are interested to invest in Pakistan.
While speaking with a delegation of Swedish companies in Islamabad, she appreciated the efforts of the Special Investment Facilitation Council in promoting investments across various sectors.
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Khawaja said that the government is working to digitalize the economy and started it first with the Federal Board of Revenue (FBR).
She also announced the approval of a national digitization commission led by the Prime Minister and include representatives from all four provinces.
Pakistan’s IT sector holds a lot of potential. We started at $2.6 Billion last Aug and will cross $4 Billion this year. The government just needs to stay the course and continuity of policies … pic.twitter.com/3VpZf9pwwv
— Umar Saif (@umarsaif) June 20, 2024
Pakistan’s IT sector sees 20.41% growth:
In the first ten months of the current fiscal year 2023-24, Pakistan earned $2.593 billion from providing IT services to international clients, marking a 20.41% increase from the $2.135 billion earned during the same period last year, according to the Pakistan Bureau of Statistics (PBS).
During this period, IT exports saw a significant rise of 24.55%, growing from $1.729 billion last year to $2.153 billion in July-April 2023-24.
Also read: Pakistan’s IT exports increase by 62.3% in April
Within the computer services sector, software consultancy exports increased by 10.80%, from $633.107 million to $701.456 million, while hardware consultancy exports surged by 19.24%, from $4.793 million to $5.715 million.
