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Pakistan’s IT exports have increased by 46% in 10 months to reach US$1.7 billion, exceeding US$2 billion for the first time in history

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Pakistan’s IT exports have increased by 46% in 10 months to reach US$1.7 billion, exceeding US$2 billion for the first time in history

According to official data showed on Tuesday, Pakistan’s IT exports increased by 46% in the first 10 months of the 2020/21 fiscal year, reaching US$1.7 billion, due to the need for social distancing to promote rapid digital transformation and demand for an increase in online services.

Information and communication technology and telecommunications exports increased by 1.17 billion U.S. dollars over the same period last year. In April 2021, these exports increased by 66% from US$118 million in April 2020 to US$196 million. Dawood wrote on Twitter: “I congratulate our ICT and telecommunications exporters for their hard work and assure them that the business sector is ready to provide the support they need.”

Digitalization after COVID-19 and the government’s recent development The measures taken by the IT industry have left an optimistic prediction that by 2030, the export of IT services may increase to 10 billion U.S. dollars. However, experts warn that the abolition of tax relief will hinder this goal.

Pakistan’s IT exports have increased by 46% in 10 months to reach US$1.7 billion, exceeding US$2 billion for the first time in history

credit: Tech Juice

LAST THOUGHTS:

According to official data showed on Tuesday, Pakistan’s IT exports increased by 46% in the first 10 months of the 2020/21 fiscal year, reaching US$1. 7 billion, due to the need for social distancing to promote rapid digital transformation and demand for an increase in online services. Digitalization after COVID-19 and the government’s recent development The measures taken by the IT industry have left an optimistic prediction that by 2030, the export of IT services may increase to 10 billion U.S.dollars.

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