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Pakistan’s IT workforce capable of competing at global market: PM

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Pakistan’

ISLAMABAD: Prime Minister Shehbaz Sharif said that Pakistan’s IT talented workforce has the capability to compete at the global market while all necessary facilities were being provided to IT companies to achieve the target of $25 billion in IT exports.

The prime minister expressed these views during a meeting with a four-member delegation led by Jerome Kapelus, CEO of the renowned American multinational IT company, Afiniti that called on him.

The prime minister welcomed Afiniti’s interest in further investment in Pakistan’s IT sector and suggested to Afiniti Pakistan to establish a world-class call center in the country for national and international clients.

He further informed that he was personally overseeing programmes to equip the country’s talented youth with IT, AI, and other advanced technical skills.

The delegation appreciated the expertise of Pakistani IT professionals and their dedication to the sector’s development.

Jerome Kapelus said that Pakistan’s IT sector was highly suitable for investment and business and currently, more than 1,000 highly skilled and capable Pakistani professionals were working at Afiniti Pakistan.

He further said that Pakistani youth possessed immense potential to contribute to the growth of the IT sector, adding Afiniti’s success in the region was due to Pakistan’s professional and well-trained workforce.

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PM directs implementation on action plan to boost IT exports

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PM

ISLAMABAD: The Ministry of Information Technology and Telecommunication on Friday presented a detailed action plan to Prime Minister Shehbaz Sharif to boost the country’s IT exports to $25 billion in five years.

The prime minister, who had tasked the IT ministry with the said target, chaired a review meeting here and appreciated the action plan, and instructed to ensure its implementation.

The action plan featured measures to bring reforms in different IT-related sectors and address the issues.

In his remarks, the prime minister said that there was no dearth of capable manpower and resources. The effective use of resources and skill training of the manpower could take the IT exports even beyond the targeted $25 billion.

He asked all the relevant departments for collaborative efforts to address the challenges in the IT sector reforms and informed the participants that he would personally oversee the implementation process.

The prime minister instructed the Higher Education Commission to devise an action plan for youth’s education and skill training of international standards.

Calling for implementing the proposals to meet the Gulf countries’ demand for IT experts, he asked the IT ministry to define the targets and their timelines to enhance exports. In this regard, he also directed to constitute a committee to ensure the implementation of the reforms and carry out necessary collaboration with different departments.

In the briefing, the prime minister was told that his decision to prioritise the IT sector led to a 34% increase in IT exports during the last four months. It was informed that Pakistan’s IT ranking improved from 79 to 40, e-governance ranking by 14 points, and 2500 new IT companies were registered.

The participants were informed that for the next five years, a $15 billion target has been set for IT sector exports, $10 billion for digitization, and $1 billion for telecom exports.

The meeting was briefed on the Labor Management System aimed at capacity building of the workforce in collaboration with the educational institutions, using the demand data of the industries.

As the IT ministry briefed about the proposed project for the facilitation of youth particularly the freelancers in remittances, the prime minister appreciated the measures regarding the international patent gateways and instructed for an immediate implementation.

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Pakistan’s IT Exports Surge to $1.2 Billion in Four Months

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Pakistan IT Exports

IT exports reached $1.2 billion in the first four months of the fiscal year (July-October). October IT exports increased by 13% to $330 million, a 13% increase from September. The IT sector has consistently exported services worth an average of $290 million monthly. ISLAMABAD – Pakistan’s IT exports have reached $1.2 billion during the first … Read more

Pakistan’s IT Exports Grow by 25%, Aiming for $25 Billion Target

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Pakistan’s IT exports reach $2.177 billion in first seven months of FY 2024-25

Pakistan’s IT exports have grown by 25%, with the government aiming to reach a $25 billion target. IT Minister highlights growth in IT exports. Minister of State for IT and Telecommunication Shaza Fatima said Pakistan’s technology sector has shown promising growth in the past few years. Pakistan’s ICT exports have experienced a significant 25% growth, … Read more

Govt resolved to achieve $25b IT exports target: PM

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PM

ISLAMABAD:  Prime Minister Shehbaz Sharif on Friday highlighting the government’s efforts to promote the telecommunications sector, reiterated its resolve to meet the target of $25 billion in IT exports in the next three years.

The prime minister, in a meeting with a five-member delegation of VEON Group led by Chairman Augie K Fabela here, said that the government was taking measures to introduce 5G internet service to provide fast and reliable internet connectivity even in remote areas. The 5G services would also help the government realise its vision of Digital Pakistan, he added.

 

The telecommunication sector had a significant role in promoting a cashless and digital economy, he said and lauded the services of VEON Group’s subsidiary Jazz in Pakistan’s telecommunications and financial technology sectors.

Prime Minister Shehbaz said that the government was willing to collaborate with VEON Group in IT, digitisation and artificial intelligence.

The members of the delegation appreciated the government’s efforts for economic stability and said that Pakistan had become an important investment destination for the IT and telecom sector.

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Pakistan’s IT Exports Hit $584 Million in July-August 2024

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Pakistan IT Exports

Pakistan’s IT exports to different countries increased by 30.231% compared to the same period in 2023-24. Computer services saw a 35% increase, rising from $361.500 million to $488.040 million. Information services exports saw a 1052.91% increase, with information-related services exports rising by 7.96%. ISLAMABAD: Pakistan earned $584.566 million from exporting various Information Technology (IT) services … Read more

Pakistan Earned $286 Million from IT Exports in July 2024

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Pakistan Earned $286 Million from IT Exports in July 2024

ISLAMABAD: Pakistan generated $286.39 million in revenue from IT service exports in various countries during July 2024, marking the first month of the fiscal year 2024-25, according to the Pakistan Bureau of Statistics (PBS). This represents a 33.84% increase compared to the $213.98 million earned during the same period of the previous fiscal year (2023-24). The … Read more

PM calls for complete roadmap to enhance IT exports

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PM calls

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif directed for submission of a comprehensive roadmap to boost IT exports.

He said the government would take steps to fully avail of the billion dollars potential of the country for IT exports, besides, the young people would be provided with required facilities of education, skills development and startups.

The prime minister chaired a review meeting on IT and Telecom sector.

The meeting was attended by Minister for Finance Muhammad Aurangzeb, Minister of State for IT Shaza Fatima Khawaja and the relevant senior officials.

During the meeting, the prime minister said that during their previous tenure, positive outcome was witnessed from the initiation of different projects in the IT sector.

He stressed upon resolution of all issues of start ups, freelancers and IT companies relating to banking.

Expressing his satisfaction over the IT export volume of more than $3 billion in the current year, he emphasized upon its further increase. For brining Pakistan’s IT sector at par with the international standards, they would have to work hard, he observed.

The prime minister also asked for submission of a comprehensive report regarding special technology zones. The meeting was apprised of progress on IT package announced by the prime minister during June 2023.

During the previous tenure, due to special attention of Prime Minister Shehbaz Sharif, the IT exports witnessed 13 percent increase during the first seven months of the current fiscal year when compared with previous corresponding year.

Under the Digiskills programme, a total of 4 million students of 17 batches, comprising 28 percent females, had been imparted training. Pakistan had emerged as the second top country in the world on the basis of numbers of freelancers. Pakistan was exporting IT products to 170 countries of the world, it was further added.

The meeting was informed that during the previous year, an investment of $400 million was made in Pakistani startups. The prime minister directed for taking of all necessary, legal and policy related steps to attract investment and boost IT exports.

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IT exports goes up by 39% in January: Dr Umar Saif  

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IT exports

ISLAMABAD: Caretaker Minister for Information Technology and Telecommunication, Dr Umar Saif has said that IT exports in January witnessed an increase of 39.4 percent to $265 million compared to $190 million in the same month of the last fiscal year.

“Pakistan’s IT industry continues to grow and sets new records. IT exports in January are up by 39.4 percent to $265 million, compared to $190 million in the same month in 2023,” the minister posted on X.

Additionally, the minister disclosed that IT exports during the first seven months of the current fiscal year (July-January) reached $1.7 billion, marking a 13 percent increase from $1.5 billion in the corresponding period of the last year.

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PayPal and Stripe’s Pakistan Arrival Confirmed!

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PayPal and Stripe's Pakistan Arrival Confirmed!

The government has approved a comprehensive project aimed at advancing the IT industry. The project aims to remove obstacles to IT exports and increase them to $10 billion. The professionals will play a role in increasing IT exports by $5 billion. After a meeting with Caretaker Prime Minister Anwaarul Haq Kakar, IT Minister Dr. Umar … Read more

Interim IT Minister Aims for $20B IT Exports

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Interim IT Minister Aims for $20B IT Exports

Dr. Umar Saif is the new Caretaker Federal Minister for Information Technology and Telecommunication. He is determined to increase ICT exports from $2.62 billion to $10 to $20 billion. He believes that the growth of ICT exports can play a pivotal role in stabilizing the nation’s economy. Dr. Umar Saif, Federal Minister for Information Technology … Read more

IT Ministry aims to bring Apple to Pakistan

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IT Ministry aims to bring Apple to Pakistan

The IT Ministry wants to attract Apple to invest in Pakistan. IT exports rose in May–June 2023, while exports from other ministries decreased in the same timeframe. Stakeholder consultations are in progress to create social media regulations, which are expected to conclude soon. The Federal Minister for IT and Telecom, Syed Aminul Haque, announced that … Read more

Software sector contributed over 50% to IT Exports in FY23

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Software sector contributed over 50% to IT Exports in FY23

Pakistan’s IT sector maintained its focus on the software industry, contributing 52% of IT exports in FY23. IT contributes 35% to service sector exports, ranking as the second-highest export sector after textiles. Tufail Ahmed Khan, CEO of PAFLA, acknowledges freelancers’ significant role in IT sector exports. In FY23, Pakistan’s IT firms maintained their involvement in … Read more

IT exports declined in FY23 despite government’s claims

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IT exports declined in FY23 despite government's claims

IT and ITeS export remittances in Pakistan declined by 0.6% in FY23. The IT and ITeS sectors export remittances in June 2023 remained unchanged at $236 million. The combined export remittances of IT and ITeS reached a record high of $2.619 billion in FY22. Pakistan’s IT and ITeS export remittances saw a slight decline of … Read more

IT exports down 23% in seven months of FY23

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IT exports down 23% in seven months of FY23

KARACHI: Pakistan’s information technology (IT) exports for January 2023 decreased 23 per cent on a month-on-month basis due to a 20 per cent and 35 per cent MoM decline in the computer and telecom services, respectively. Among the computer services, the export of computer software and software consultancy decreased 25 per cent and 15 per … Read more

IT exports up 5 per cent in November

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KARACHI: Pakistan’s Information Technology (IT) exports recorded an increase of five per cent on a year-on-year basis to reach $233 million in November owing to a 29 per cent year-on-year jump in the telecom services. The export number also increased 5 per cent on a monthly basis due to a 15 per cent increase in … Read more

Banks unlawfully deducting withholding tax on IT exports: KTBA

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karachi tax bar

KARACHI: The Karachi Tax Bar Association (KTBA) on Wednesday said the banks are deducting withholding tax on export of software and IT-enabled services, which is unlawful, as this segment has been granted exemption. In a letter to Asim Ahmed, chairman of the Federal Board of Revenue (FBR), the association said the banks have misunderstood Section … Read more

IT Exports of the Country Surpass $1.5 Billion for the First Time

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IT exports increased

The Information Technology (IT) industry of Pakistan is experiencing sustained growth since months now enabling its exports to surpass $1.5 billion for the first time ever. Apart from this, another record was broken as the country received $213 million in export remittances in March alone. As per the data released by the State Bank of … Read more

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