Sunday, February 5, 2023
Tech

Information Technology Exports Cross $2bn For The First Time Ever

Pakistan’s Information Technology exports cross the $2 billion mark for the first time in history in the outgoing fiscal year of 2020-2021.

According to data released by Commerce Ministry on Monday, Information Technology exports grew by 47.4 percent and reached $2.12 billion in contrast with $1.44 of precursory year.

Commerce Advisor Razak Dawood congratulated Information Technology exporters for achieving the milestone in a statement on Monday. 

Dawood added that he believed in the potential of IT professionals and entrepreneurs. 

“You have done a remarkable job and I encourage you to market your exports even further to achieve more,” the Commerce advisor said.

The government has provided several subsidies and incentives in the 2021-2022 Budget to encourage Information Technology exports.

In Other News

Mr. Dawood briefed Prime Minister Imran Khan on developments in bilateral cooperation and trade agreements with Uzbekistan, and the likelihood of positive responses from investors.

According to an official statement, the advisor also briefed on the policy for the upcoming visits to Central Asian states, specifically Tajikistan, and prospects for trade and investments. 

He also informed the prime minister about the Board of Investment meeting due this week and a planned session with various chambers of commerce this month.

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