Minister vows to boost IT sector for export

ISLAMABAD: Despite claims and resolution, Pakistan has failed to promote science and technology to the desired levels and has to depend on foreign resources.

Like her predecessors, State Minister for Information Technology and Telecommunication Shaza Fatima Khawaja on Sunday said that the present government was pursuing measures to attract foreign direct investment and boost IT exports.

She stated this while talking to a delegation from Pakistan Software Houses Association. The delegation was led by its chairman Muhammad Zohaib Khan.

The state minister said Pakistan’s IT professionals can serve as the premier choice for international companies and asked the association to assist in bridging the demand-supply gap of IT professionals.

Chairman Khan reaffirmed commitment to collaborating with the ministry of IT for the economic stability of the country, saying there was a lot of potential to boost the sector and increase export to earn revenues of billions of dollars.

According to a report, Pakistan’s Information Technology (IT) exports recorded a growth of only 9% month-on-month (MoM) in November 2023, reaching $259 million. This was 11% higher than the same month last year and above the last 12-month average of $222 million.

On a year-on-year (YoY) basis, IT exports for November 2023 also rose by 11% YoY to $259 million due to a 20% YoY increase in the export of computer services. In the first five months of the fiscal year 2023-24 (5MFY24), IT exports have increased by 6% YoY to clock in at $1.2 billion.

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