Pakistan IT Exports Increasing Trend Continues
As per a new tweet by the Pakistan Software Export Board, Pakistan IT export settlements which incorporate broadcast communications and information services, have shot up to an incredible $2.1 billion with a development rate of 37.81% during a financial period spreading over Jul-Jan 2022, in comparison to USD 812 million during a similar period a year ago.
If the current rate proceeds, the export could reach $3.5 billion before the year’s over, paving Pakistan’s approach to accomplishing a considerable achievement since it would be the highest ever.
The unprecedented growth can be credited to the government’s measures to achieve automation, better approaches for offering digital services, and the boom of the gig economy to which a huge number of Pakistanis are subsidiary in the wake of the COVID-19 emergencies around the world.
It is to be noted that the Ministry of IT has communicated a desire to acquire $5 billion from IT trades by 2023, and the new achievement carries the country closer to accomplishing that objective. The Overseas Investors Chamber of Commerce and Industry (OICCI), in its yearly report for 2020, even featured the potential for Pakistan to improve its IT-empowered services’ exports to $10 billion.
Notwithstanding, the tech industry leaders in a recent conference facilitated by TABADLABS had focused on the desperation for digital transformation, with the [email protected] head expressing deep concern on the adverse impacts of FIA attacks on software houses.