in

Pakistan’s IT exports increased by 80.6 percent to $420 million in 2 months

According to the Ministry of Commerce, Pakistan’s technology exports climbed by 80.6 percent in August 2021 compared to the same month last year.

Technology exports totaled $224 million in August 2020, up from $124 million the previous month.

Similarly, according to central bank numbers, exports of information and communication technology climbed 46 percent to $420 million in the first two months of the current fiscal year. Exports totaled $287 million in the previous fiscal year.

In fiscal year 2020/21, Pakistan’s IT exports rose 47.4 percent and for the first time ever crossed $2 billion in the country, compared with $1.44 billion in fiscal year 2019/20.

In order to improve exports, the government focused on technology and the IT sector. To that end, freelancers are offered various incentives. In recent months, start-ups in Pakistan have also progressed remarkably.

Pakistan is ranked 2nd largest supplier of online labour in software and technology developments, according to the International Labor Organization Flagship Report 2021.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scientists in the US created the world’s whitest paint which could eliminate the need for air conditioning

During load shedding, Hyundai’s next electric car ‘Hyundai loniq 5’ can power your home