Pakistan’s exports are on the rise, and there is no doubt that Pakistan’s IT services industry is growing fast.
Pakistan’s IT Services Exports Industry Earning Millions
According to statistics, IT exports earned around $2.2 billion in the period between April 2016 and March 2017. This represents an increase of almost 80 percent over the previous year.
Pakistan has recently seen a surge in the IT industry. The country is now one of the largest exporters of IT products. It has also become the second-largest software exporter after China. The growth of the IT and Business Process Outsourcing (BPO) sector in Pakistan is a major boost to the country’s economy. As well as the government’s efforts to create job opportunities.
According to the Government’s official report, the main exports from the industry in the last year.were the manufacture of computer accessories and their parts. Also, the supply of software services is in demand. In the first quarter of 2017, exports from the industry amounted to $1.5 billion. It was estimated that this number will grow to around $1.8 billion in the remaining six months of 2017.
Many factors are responsible for this growth, including the increased demand for IT Services across the globe and the opening of new markets. For example, Pakistan’s share of the global market for data centre services, such as cloud computing, is. estimated at 15 percent. The country is also working to increase its share in the international market for software development.