Pakistan’s IT exports rose 27% to $2.17 billion in the first seven months of the current financial year from $1.72 billion last year. Pakistani tech enterprises are expanding globally, particularly in the Gulf Cooperation Council (GCC), supported by strategic government policies and a stable exchange rate.
The State Bank of Pakistan’s reduction of retention limitations for exporters’ foreign currency accounts opened up offshore equity investment opportunities, contributing to this success. The Pakistan Software Export Board (PSEB) and the Special Investment Facilitation Council (SIFC) have helped provide a stable legal environment and practical investment prospects for growth.
Industry leaders like the Pakistan Software Houses Association (P@SHA) have stressed the need for stable, exporter-friendly policies to retain pace. Alongside trade fair participation at Oslo Innovation Week, Pakistani IT businesses are encouraged to research future technologies like artificial intelligence, data storage, and cybersecurity, which have huge global potential.
In the coming fiscal year, analysts expect IT exports to reach $3.5-3.7 billion. Pakistan may compete in global technology with ongoing support and strategic focus while developing its people resources through skill development.
