An insight into Information Technology and Telecommunication  

Engineering Post Report

Information Technology (IT) plays a dynamic role in the evolving knowledge economy by establishing itself as a powerful instrument  for fostering  economic development. It enables innovations in different sectors  of  the economy, such as manufacturing, agriculture, services, education, health and the government,  increasing productivity, efficiency, and  competitiveness and hence  economic growth. The sector has great potential to create employment opportunities, enhance  human capital, improve governance,  facilitate social inclusion, attract investment, and make markets and institutions more efficient . IT can also enhance  social welfare and  environmental  sustainability by easy  access to information  relating to education, healthcare, and public services as well as reducing e energy consumption and carbon emissions.
The federal government  duly recognizes the growth of IT and telecommunication  industry as a vital lever for the mid-to-long-term  progress  of the country. As such, the federal government  was working on  “Digital Pakistan   Vision”  to enhance  the digital economy footprint, in order to spur  economic prosperity and public empowerment. As such, the government was also striving for improving the quality of life, economic, and social well-being of the people  by making IT  services more accessible , affordable, nd universal. The government was also strengthening its digital economy  which it views as an enabler of both social inclusion and economic growth.
As such the federal government has developed a comprehensive strategy  that focuses   on capacity building of public and private sector entities, besides providing  an appropriate infrastructure and platforms in the field of IT. The key  pillars of the strategy  to achieve the vision included E-Governance, IT Infrastructure, Human Capital Development , Innovation and Entrepreneurship, Development and Export of IT and IT Enabled Services (ITeS),Fintech, E-Commerce and Digital Platforms, Privacy and security, Partnership and Collaboration.
The Kearney’s Global Services Location Index (2021) ranked Pakistan as the second  most financially attractive location in the world for offshore outsourcing I and ITeS.. Likewise, the International Labour Organization (ILO) Flagship Report (2021)  has also ranked Pakistan  as the second largest  supplier of  digital labour services,  such as clerical and data entry services,  creative and  multimedia services, professional services, sales and marketing support services, software development  and technology services and writing and translation services.  
According to the available information, in software  development and technology services, more than 19000 IT and ITeS companies were registered with Securities and Exchange Commission Pakistan (SECP) comprising of both  domestic and export -oriented  enterprises across the country.
There were 5109 IT and ITeS companies registered with Pakistan Software Export Board (PSEB) as on March 2023 representing the exporters.
Major Technology hubs of IT and ITeS industry  are Lahore (36.4 percent), Karachi (28 percent), and Islamabad/ Rawalpindi (27 percent)  of PSE B registered companies. The remaining 10 percent of  registered companies were spread all over the country. The relevant stakeholders were putting on maxim efforts  to increase the  number of companies by increasing  the number of Software  Technology Parks  and enabling IT and ITeS industry to capitalize the countrywide talent.
The IT sector was  providing a broad set of products and services to the world’s largest companies. Pakistan’s IT industry counts in the world’s largest  entities  among its regular clients. Several international companies including global enterprises like Bentley(R), IBM (R), Siemens ( R ), S&P Global (R), Symantec (R), Teradata (R)and VMware (R) have established  global  consulting services centres, research and development centres, and Process Process Outsourcing Support Services  in Pakistan. Thus, generating high paying employment opportunities  for the talented and attracting  Foreign Direct Investment (FDI).
IT industry comprises of the youngest workforce with the highest proportion of women as company  founders and startup owners. Women as such  are working  at  technical, managerial, and executive level positions. There have been several star tup  success stories such as Bykea, Careem, and Daraz. IGNITE  has established  National Incubation Centres (NICs) across major cities in Pakistan. In 2021,  these centres  supported 60 startups, generating US $ 373 million in capital, and reaching a valuation of US $ 2.1 billion. In 2022, 40 startups raised US $ 343 million in capital, reaching a valuation of $ 3.5 billion.
There is lot more information about Information Technology and Telecommunication sector working, performance and achievements  which will be presented on these pages from time to time later on, please.