Pakistan IT Exports Increases by 18.5%

In the first seven months of the current fiscal year, Pakistan’s telecommunication, computer and information services exports increased by 18.5 percent. The major participating factor is software consultancy services which have increased to 12%, while computer software export has also increased by 8.17%. According to the stats, the export of software consultancy services is $517 […] The post Pakistan IT Exports Increases by 18.5% appeared first on Nation Bytes.

Jul 22, 2020 - 16:51 Updated: Jul 22, 2020 - 16:51
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Pakistan IT Exports Increases by 18.5%

In the first seven months of the current fiscal year, Pakistan’s telecommunication, computer and information services exports increased by 18.5 percent. The major participating factor is software consultancy services which have increased to 12%, while computer software export has also increased by 8.17%.

According to the stats, the export of software consultancy services is $517 million whereas, the amount recorded for computer software exports is around $129 million.

Following closely behind software consultancy, exports of computer software also rose 8.17pc to $129m, from $119m during the same period last fiscal year.

“IT and ITeS (information technology enabled services) is a sector which has continued to show impressive growth in exports year on year. Growth in the first half of the current fiscal year is 24.71pc which is almost eight times higher than the country’s overall exports during the same time. We believe that IT sector can become a $10bn industry and it can create over a million new jobs within 5 years if the government makes growth-focused policies timely, ” said P@SHA Chairman Shahzad Shahid .

As reported by dawn with more than 5,000 IT companies providing services in around 100 countries, Pakistan’s information communication technology (ICT) sector is undergoing a boom as more than 10,000 application developers, freelancers enter into the workforce each year.

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