Pakistan’s IT sector made a giant stride in the outgoing financial year with an impressive penetration in the exporting countries, which resulted in a massive growth in export values, crossing the mark of $2 billion for the first time.
According to the State Bank of Pakistan, the exports of IT and IT-enabled services surged to $2.1 billion in the financial year 202-21, as compared to $1.44 billion reported in the previous financial year, showing an impressive growth rate of 47% year-on-year.
Industry players told Propakistani that the robust performance of the local IT companies attracted long-term exports orders from USA, UK, EU, and Middle East countries, as the demand for automation and eCommerce recorded an unprecedented uptick across the world as a result of the prevention of Covid-19 pandemic.
Major heads of IT exports are software consultancy, e-commerce, and automation, BPO, mobile and software development.
