IT revenue from Pakistan surges to $691 million during July-August period
The IT sector in Pakistan is on an upward trajectory, with the government's efforts to capture traditional and new markets playing a significant role in its growth. This growth is evident in the sector's status as the third-largest exporter in the country, following textiles and rice.
Noman Ahmed Said, an IT exporter, predicts that IT export receipts should reach between $400 to 450 million each month to meet the $5 billion export target for the current financial year. To achieve this goal, Said suggests IT companies and freelancers should upgrade their strategies, collaborate for major projects in foreign markets, and seek government collaboration.
The government is also taking steps to facilitate the growth of the IT sector. They are reviewing their strategy, collaborating with IT exporters, and providing cost-effective solutions, a regulatory environment with a long-term vision, and impactful financial mechanisms to support IT exports.
Muhammad Umair Nizam, Senior Vice Chairman of Pakistan Software Houses Association (P@SHA), praised the efforts of Pakistan's IT exporters in enhancing export income and supporting macroeconomic indicators. He urges the government to maintain supportive policies for the growth of the IT sector to achieve long-term goals.
The IT sector accounts for the largest share in services exports in Pakistan. Enhanced participation of IT exporters in tech and trade fairs, particularly in the USA, UK, European countries, and the Gulf Cooperation Council (GCC) region, has contributed to the sector's growth.
However, the IT sector still faces several challenges that need immediate attention. Ibrahim Amin, Chairman of the Pakistan Freelancers Association (PAFLA), emphasizes the significant role of freelancers in increasing IT exports. Ongoing training and capacity building programs are increasing the number of freelancers, but more needs to be done to address the challenges they face.
AI tools are beneficial for IT companies and freelancers but also pose challenges to their businesses. Said does not discuss specific challenges faced by the IT sector, but the need for continuous improvement and adaptation to new technologies is clear.
Incentives and financial measures by the ministry and banking regulator have contributed to the increase in IT export receipts. For instance, Pakistan's IT exports for the first two months of FY26 reached $691 million, a 18% increase from the same period last year ($584 million).
Despite the challenges, the future looks promising for Pakistan's IT sector. With the government's support, IT exporters under the Ministry of Information Technology and Telecommunication (MoITT) are working diligently to increase exports and maintain the sector's stability in the macroeconomic indicators.
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