ISLAMABAD, Jul 18 (APP):Pakistan's Information Technology industry has achieved historic export success during fiscal year as the sector’s exports have reached record high of $4.6 billion. According to the data released by the Ministry of Information Technology and Telecom, the IT exports recorded a 21 percent increase compared to last year, whereas the trade surplus reached 85 percent. The IT sector has become the fastest growing export sector of the …
Pakistan’s IT industry achieve historic success as exports touch record high of $4.6 billion
ISLAMABAD, Jul 18 (APP):Pakistan’s Information Technology industry has achieved historic export success during fiscal year as the sector’s exports have reached record high of $4.6 billion.
According to the data released by the Ministry of Information Technology and Telecom, the IT exports recorded a 21 percent increase compared to last year, whereas the trade surplus reached 85 percent.
The IT sector has become the fastest growing export sector of the country due to the special focus of the Prime Minister, the government’s patronage and the industry-friendly policies that played a major role in this success.
The IT ministry said the government provided training in modern IT skills to more than 100,000 youth during the last year.
The ministry organized participation in more than 20 international exhibitions around the world. It provided an opportunity to over 250 Pakistani IT companies and startups to introduce their products and services to the global market.
The representatives of the IT industry were also made part of the Prime Minister’s delegation during his foreign visits. The visits provided access to new markets, investment opportunities and promoted international business linkages., The government also introduced several incentives for IT exporters, including continuation of the final tax regime and 0.25 percent tax facility on exports.
The government’s measures further increased the competitiveness of the industry and its export potential, the statement said.
