The exports of IT and IT-enabled Services (ITeS) have increased in the last fiscal year by 47.43 percent. This was announced by the Ministry of Information technology and telecommunication through an official statement. IT and ITeS include computer services and call centre services.
The sector exports remittances remained $214 million in June 2021 compared to $143 million in June 2020, witnessing 50 percent growth year on year.
Federal Minister Information Technology and telecommunication Syed Amin ul Haque said that IT exports target of $5 billion would be achieved by June 2023. ICT export remittances, including telecommunication, computer and information services have surged to $2.123 billion (largest exporter in services sector and highest net exporter with $ 1.573 billion in net exports) at a growth rate of 47.43 percent during fiscal year 2020-21, in comparison to $1.440 billion during fiscal year 2019-20.
Currently there are more than 6,000 Pakistan-based IT companies were providing IT products and services to entities in over 100 countries. Pakistan has been ranked the 3rd most popular country for freelancing in the world, and Pakistani IT companies are providing products and services to the world’s largest companies.