Pakistan’s Information Technology (IT) sector is experiencing significant growth with the support of the Special Investment Facilitation Council (SIFC). IT exports reached $2.6 billion in the last fiscal year and are expected to rise to $3.5 billion this year. The government has set a target of increasing IT exports to $15 billion over the next five years.
To boost export capabilities in the IT sector, the government has earmarked over Rs 79 billion for the current fiscal year. Of this amount, Rs 19 billion will be used to set up IT parks in Karachi and Islamabad, while Rs 22 billion has been earmarked for the Pakistan Software Export Council.
The Chairman of the Pakistan IT Industry Association emphasized the need to improve IT infrastructure and increase the skilled workforce to fully harness the potential of the digital economy. He also emphasized the importance of improving digital infrastructure and internet connectivity to build the IT sector as per modern industry standards.
SIFC’s facilitation has led to rapid growth in the IT sector, giving rise to many startups that are gaining traction across the globe.
