Pakistan’s software exports increase by 2.4%, hit $1.09 billion

The ICT exports have tripled over the previous decade.

software

During the year 2018-19, software exports increased by 2.4% to $1.09 billion. The figure stood at $1.05 billion during the last fiscal year, as per the information by State Bank of Pakistan.

Having more than 5,000 IT companies providing services in 100 countries, Pakistan’s ICT (Information Communication Technology) sector is witnessing large scale improvement as 10,000 application developers and freelancers enter the field annually.

The export sector pays more attention to gaming, systems integration, software development, billing, animation, and telemarketing services.

“Pakistan’s total ICT revenues have reached $4.1bn,” – as per a Pakistan Software Export Board official while speaking to Dawn.

The PSEB (Pakistan Software Export Board) official said that in the next five years, the country’s total software sector will grow more than 3pc.

The ICT exports have tripled over the previous decade, from $466 million in 2009 to $1.09 billion in 2018, as many people are getting access to high-speed cellular and broadband services.

Pakistan Software House Association (P@sha) said that in the last fiscal year, the country’s information technology sector grew to $2.6 billion, with $1.4 billion in exports and $1.2 billion in domestic sales, taking into account that the sector employs more than 300,000 individuals across Pakistan.

What are your views on this? Share with us in the comments bar below.

 

  • I hope they give the taxes on these IT income . Otherwise the direct benefit to the state of Pakistan is very little.

    • Actually there are no taxes in punjab, if your income is coming from outside Pakistan

  • “The ICT exports have tripled over the previous decade, from $466 million in 2009 to $1.09 billion in 2018,..”

    Do you need a calculator ? because it surely looks like you need it for even basic calculations which are proficiently done even by Thella wallas in country


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