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Business📍 PAKISTAN

Pakistan IT Exports Projected to Reach $4.6bn This Fiscal Year

Pakistan's information technology exports are on course to reach $4.6 billion during the current fiscal year, Prime Minister Shehbaz Sharif was informed during a high-level briefing on the sector's performance. The figure represents a significant upward projection, with domestic internet connections having tripled over the same period — an indicator of expanding digital infrastructure underpinning the export surge.

The briefing, delivered to the Prime Minister, also highlighted the anticipated rollout of 5G connectivity as a structural enabler for sustained growth in digital services exports. Officials presented the telecom and IT sectors as increasingly interconnected, with broadband penetration directly linked to freelancing activity and formal software export volumes.

The $4.6 billion projection, if realised, would mark a record high for Pakistan's IT export sector and signal measurable progress toward government targets of positioning the country as a regional technology export hub. Pakistan's IT exports have grown consistently over recent years, driven by freelancing, software houses, and business process outsourcing firms.

The Prime Minister was also apprised of policy measures under consideration to further incentivise the sector, including regulatory facilitation for IT companies and improved access to international payment infrastructure. Analysts have long flagged banking and foreign remittance channels as structural bottlenecks limiting the full realisation of Pakistan's digital export potential.

#PakistanIT#ITExports#DigitalPakistan#TechGrowth#StayTunedPK
Sources: dawn.com · app.com.pk
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