IT exports witness over 23pc increase

Special efforts are being made by the Ministry of Information Technology and Telecommunication to promote IT exports and encourage IT companies.

The IT export remittances have surged to $439.963 million at a growth rate of 23.35 per cent over the first five months of FY-2019-20 (July-November), as compared to $356.687 million during same period in FY 2018-19, according to Pakistan Software Export Board (PSEB), an organization under the Ministry of IT and Telecommunication, says a press release.

The number of PSEB registered IT & ITes companies has risen to 2163 as of 30th December 2019 compared to 1873 valid registrations as of December 2018 at growth rate of 15.5 percent.

The PSEB facilitated five IT companies for attending Canada, Pakistan ICT Forum, held in Toronto, Canada from September 23-27, 2019 besides facilitating participation of 20 IT companies in Pakistan Tech Summit 2019 in Norway on September 25 last year.

The PSEB organized participation of Pakistan’s IT companies participation at China Hi-Tech Fair 2019 held at Shenzhen, China on Nov 14-17 2019. It also facilitated participation of Pakistan’s IT companies in Arabnet 2019, Riyadh, Saudi Arabia on December 10-11 last year.