Pakistan’s IT Exports Growing at a Rapid Pace


IT Exports

According to the State Bank experts, Pakistan is a country with vast potential in information technology exports and needs to find new markets for IT exports by making its products and services more competitive.

This was said by experts from the Economic Policy Review Department of the State Bank in a recent podcast on the growth of Pakistan’s IT sector and its prospects for the country’s economy.

State Bank experts have said that Pakistan’s IT exports have increased rapidly over the past years. Information technology exports increased from a moderate level of $290 million in 2013 to $890 million in 2019 and will reach an impressive $2.1 billion in 2022.

The guests participating in the podcast said that the IT sector has become a major driver of economic growth and is playing an important role in the development of the domestic market, foreign trade, e-government initiatives and fintech.

Updated: July 29, 2023 — 4:02 am

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