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HomeBusinessIT exports of Pakistan have beaten an all-time majestic in the outgoing...

IT exports of Pakistan have beaten an all-time majestic in the outgoing fiscal year of 2016-2017.

There is a striking boom in IT industry of Pakistan from last couples of the year. It contributes a lot to put the positive image of the country and also lends a hand to join the race of IT developments all across the world.

The current government is also showing interest and taking steps to hold up the IT infrastructure. And the statistics confirm that the constructive movement in the IT industry is bringing good results. According to figures provided by the State Bank of Pakistan (SBP) signify that the IT industry’s exports –which consist of telecom, information services, and computer– in the outgoing fiscal year, were of $938.640 million. The exports made in the preceding fiscal year of 2015-2016 were worth $788.640 million. This pointed toward a year-on-year growth of 19%.

On the other hand,  Exchange Board (PSEB), has reported records that are three times bigger than those reported by the SBP. According to the PSEB, the IT exports situate at an enormous $2.8 billion. There is a vast difference in the numbers that have been accounted by the SBP and the PSEB. However, it ought to be noted here that the SBP and the PSEB work out the ultimate figure of IT exports in a dissimilar manner. The PSEB reports in different sectors such as monetary services, healthcare sector, e-health, e-commerce, but to guesstimate the final figure of whole exports it takes into reflection all the exports made by local software houses to global clients.

If IT industry of Pakistan keeps flourishing at this rate, it surely rings great news for the country’s market and economy. Could Pakistan beat the goal of $6 billion software exports by 2020 or the huge target of $10 billion IT exports by 2025? We just need to wait and watch. But the present of IT industry definitely does look good.

Ayesha Maqbool
Ayesha Maqboolhttps://www.netmag.pk
Ayesha is known by her mesmerizing talent of writing most technical stories in a brilliant informal way. She is a specialist in writing breakthroughs of Startups, Freelancing and Telecom Industry.

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