KARACHI: Pakistan’s IT industry has the potential to achieve $1 billion in exports to Africa within a couple of years, according to experts. Muhammad Zohaib Khan, Chairman of the Pakistan Software Houses Association (P@SHA), highlighted this opportunity during the launch event of GITEX Africa 2023 in Morocco.
Africa, with a population of 1.3 billion people spread across 54 countries, boasts a nominal GDP of $2,260 per capita and a purchasing power parity GDP of $6,370 per capita. Khan emphasised the significance of establishing strong connections with African governments and the private sector to tap into this immense potential.
“This is huge, and Pakistan can achieve $1 billion in IT exports to Africa alone within a short span of 2 years,” he said.
Si Global CEO and a member of the Pakistani delegation, Noman Ahmed echoed this sentiment, pointing out that Pakistan has over one million skilled IT professionals who can meet the demands of African businesses.
Additionally, Pakistan’s lower cost of living compared to developed countries makes it an attractive outsourcing destination. The Pakistani government has also made substantial investments in the IT industry, including the creation of special economic zones for IT companies.
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