Pakistan's Multi-Billion Dollar IT Industry

Pakistan's information technology industry is quite young. It is in very early stages of development compared to the much older and bigger Indian IT industry, which had a significant headstart of at least a decade over Pakistan. During the lost decade of the 1990s under Bhutto and Sharif governments, Pakistani economy stagnated and its IT industry did not make any headway. However, the industry has grown at 40% CAGR during the 2001-2007, and it is estimated at $2.8 billion as of last year, with about half of it coming from exports. This pales in comparison to over $5 billion revenue a year reported by India's Tata Consulting alone.

Here's some data on Pakistan's IT industry:

"The State Bank of Pakistan for 2007-08 reports the export figures of software and Information Technology-enabled services to be US$169 million which shows a consistent annual growth. State Bank of Pakistan adopted BPM 5 reporting system to report the IT exports revenue, which restricted the export figures to US$169 million only in 2007-08. In India, the Reserve Bank of India follows the BPM 6 (also called MSITS) Reporting System, which raises its exports to billions of US dollars. BPM 6 includes sales to multinationals, earning of overseas offices & salaries of non-immigrant overseas workers to export revenue. Using the MSITS Reporting System, Pakistan IT Industry exports are estimated at US$ 1.4 billion while the industry size is estimated at US$ 2.8 billion. It is significant to note that Pakistan IT exports growth in each of the last few years has been more than 40%."

According to a report by the Pakistan Software Export Board (PSEB), the top five companies that have contributed the most to the IT sector are Netsol Technologies(NASDAQ: NTWK), Ovex Technologies, TRG Private Ltd, Systems Private Ltd, and Elixir Technologies.

The revenue per employee for the top Indian IT firms of Wipro, Infosys and TCS ranges between $40,000 and $50,000 per employee per year...about $20 t0 $25 per hour per employee, according to Gartner. The Indian revenue per employee is quite competitive relative to the US firms IBM Global Services, EDS, ans Accenture whose revenue per employee exceeds $150,000 per year, about $75 per hour. In comparison, the average figure of $28000 per employee per year (or $14 an hour) is extremely competitive for Pakistan's IT industry average. Probably the higher-end firms make more while others make less.

Pakistani colleges and universities produce almost 1.2 million skilled graduates annually. The Musharraf government announced a $1 billion spending plan over the next decade to build 6 additional state-of-the-art science and engineering universities. If the current government follows through on it, then the scheme would be overseen by the Higher Education Commission for completion in a few years time.

In terms of enrollment, the 2005 Pakistan Education Census reported 43,801 students enrolled in 4-yr engineering institutions, another 37,635 students in 3-year colleges offering Information Technology degrees, and 69,719 studying in three-year polytechnic institutes. 53% of the students out of the total 1.16 million enrolled in colleges are girls, according to the 2005 Census.

About 10,000 of the current 1.2 million graduates are engineers with 4-year degrees. In addition, Pakistan also produces at least 25,000 polytechnic inst graduates with three year diplomas (according to recent news in the Nation newspaper) who have less than 4 years of college.

A number of reports inflate the number of engineering graduates in India, as these numbers includes both 4 years and 2-3 years degrees. While it is claimed that India graduates over 200, 000 engineers a year, a Duke study concluded that half of these are 2 or 3-year degrees.

So, for apples to apples comparison, the number of India's engineering graduates is closer to the US's 70,000 engineering grads. And of course, the quality of US graduates is much much higher because they graduate from some of the best schools in the world. Other than about 5000 grads from IITs , the rest of Indian grads are from second and third tier schools that bear no comparison to engineering schools in the developed world in terms of quality. The cost advantage that India offers will still favor a continuing growth based on outsourcing of business and engineering services from the developed world.

Currently, Pakistan is struggling with a powerful insurgency and a stagnant economy that is taking a heavy toll on the nation. If, however, the political and military leadership succeed in creating a semblance of peace and stability in the nation of 170 million, then there can be an expectation of a bright future ahead for the IT industry in particular, and an innovation-based knowledge economy in general.

Related Links:

ICT: Hope or Hype

Haq's Musings

Truth About India's IT Revolution

Education in Pakistan

Musharraf's Legacy

Quality of Higher Education in India, Pakistan

Pakistan's IT Industry Takes Off

Pakistan Launches UAV Production Line

Pakistan's Defense Industry Going High-Tech

Pakistan's Software Successes

Pakistan's Industrial Sector

Pakistan's Financial Services Sector

Auto Sector in India and Pakistan

Pakistan Textile Industry Woes

Pakistan Software Houses Association


Dr Asim Bajwa said…
Hi Sir!
I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Riaz Haq said…
Here's a report on business deals signed during Karachi Trade Expo in Pakistan:

Various agreements and Memorandum of Understandings (MoUs) have been signed between Pakistani companies and foreign firms on the second day of 6th Expo Pakistan, which are aimed to create new trade opportunities for Pakistani industries.
Chromium and other industries from Information Technology sector signed over $300 million worth of trade deals with different international organisations during the 2nd day of this international event.
For the first time a Hong Kong based company Ormita Commerce Network, which operates as an international barter exchange platform and currently facilitating approximately $2.66 billion transaction per annum, has struck a strategic investment deal with Pakistani firm Alpha Dairies to launch Operation in Pakistan.
Under the agreement signed, the foreign firm plans to conduct more than $120 million of bilateral trade within 12 months of the finalisation of the deal, said Daniel Evans Chief Executive Officer of Ormita.
Talking to Profit, he said that for the first time the ‘barter business’ is being launched in Pakistan under which his company would play a third party role for imports, as government itself can acquire high-tech machineries and commodities from Ormita network participants across the globe and it can pay the dues by using its own under utilised resources or raw materials.
According to Daniel, all kinds of machineries, equipments and other goods could be imported through the barter business with the exchange of raw materials or other available products in Pakistan. Since Pakistan is currently facing several risks, including financial deficit, energy crisis and political instability, for any investment in Pakistan, the barter system is the only solution for any foreign investment in Pakistan. Currently barter system accounts for nearly 30 per cent of the world’s total business, and this is the best solution for a country to build trade relations with other countries in the absence of interest from foreign investments.
“Ormita is currently representing non-cash trading for more than 0.21 million traders across 54 different countries, and it is operating this huge amount of trade through 21 offices in different counties. Pakistan, rather than a cash payment, can exchange it’s under utilised resources or raw materials as a payment for the services or high-tech machineries imported from Ormita” he added.
The Trade Development Authority of Pakistan CEO met with CCPIT China Vice Chairman Huang Shan, Malaysia State Minister Haji Abdul Malik, and other importers. He said that fruitful discussions were made with the dignitaries from China, Japan, UK, USA, France, Brazil, Greece, Argentina, Madagascar, Belgium, South Africa, South Korea, Poland, Malaysia, Nigeria, New Zeeland, India, Panama and Colombia.
The foreign buyers, who met the concerned Pakistani companies’ representatives during the exhibitions have informed him that majority of them had good deals with the country’s exporters and also have placed orders worth millions of dollars.
Earlier, Tariq Rafi, Chief Executive of Siddiquesons Limited, claimed that his company has received import orders worth millions of dollars from buyers from Argentina, Brazil, Poland, Saudi Arabia, Japan and USA as they were interested in denim imports. Almost half of the visiting countries were new customers for this sector.
He said the exporters of denim and other textile items were satisfied with the developments and trade deals made during the 6th Expo as they had received a good response from the foreigners.
Riaz Haq said…
Here's an overview Pakistan IT industry in 2011, as published in Express Tribune:

The year 2011 saw a number of positive developments in Pakistan’s Information and Technology (IT) industry, from app development to global recognition and a series of awards.


Pakistan Fast Growth 25

In a first for the IT industry, the Pakistan Fast Growth 25, a ranking of fast growth companies, listed 10 IT companies on its index. The Pakistan Fast Growth 25 is a program of the AllWorld Network in partnership with Harvard Business School Professor Michael Porter, launched in collaboration with JS Bank Limited.

Official Game for ICC 2011 Cricket World Cup

Local development company, Mindstorm Studios developed the official game for the ICC 2011 Cricket World Cup.The browser-based 3D game, “Cricket Power” features all 14 official teams along with players, stadiums and kits.

Pak-India ICT Firms to enhance trade up to $5b

Pakistani and Indian IT committees held bilateral talks separately on both sides of borders in March – aimed at enhancing trade ties in the field of IT. In the talks, both countries agreed to boost mutual trade in the IT sector by $5 billion through joint-ventures, investment and exchange of expertise.

Netsol deal in India

Local ICT company Netsol engaged with Indian companies to provide applications for financial services. It signed an agreement to sell its product “Netsol Financial Suite” to a global auto leasing company operating in India.

Google grants to social innovators

In another first for Pakistan, Google has granted seed money to a local association for social causes.

Google granted $250,000 to Pakistan Software Houses Association that launched Pasha Fund for distributing the amount to talented innovators. So far four individuals were selected to receive funds. mobile apps triumph

Local app developers, hit the number one spot in Blackberry App World. Their application, LED Notifier Pro, has been immensely popular since its launch and ranked among the best selling Blackberry applications in the world. Additionally, their app, Photo Editor for BlackBerry has occupied the number one rank on App World twice in the past three months.

TenPearls wins Nokia contest twice

Pakistani IT firm TenPearls marked another record, beating out 800 entrants to bag second position and received a $50,000 cash prize at ‘Nokia & AT&T Innovators 2011 Contest’.

This is the second award TenPearls has received for its mobile app named “Animal 101” within a year. Their first award was first prize for their app uTrack mobile earlier in 2011 for the same platform in Pakistan.

Pakistan Shines at APICTA

Pakistan was declared the winner of two gold and five silver awards at the 11th annual Asia Pacific ICT Awards (APICTA) 2011 in Pattaya, Thailand. Pakistani firms secured two gold awards in the e-health and e-logistics and SCM categories and five silvers in the communication, financial, security, e-inclusion and e-community and e-government categories.

Pakistan’s team comprised of 18 products which competed against 162 different products from the Asia Pacific region.
Riaz Haq said…
Here's an Express Tribune story on Tradekey, a B2B company based in Karachi:

You would never think that a company that was giving – the world’s largest business-to-business portal – a run for its money around the world was based out of Karachi and yet there it is. Tucked away in an office suite on Sharae Faisal, the global headquarters of look rather unremarkable, until you start asking the executives what they have achieved and what they plan on doing next.

“We want to be one of the world’s biggest companies,” says Junaid Mansoor, the founder and CEO of Tradekey, in a rather matter-of-fact tone of voice. “We want to be in businesses that affect the largest number of people.”, the world’s third largest B2B portal, is certainly an impressive beginning by the 32-year-old Mansoor, though by no means his first venture into the world of web-based start-ups. The serial entrepreneur created his first company when he was just 15 years old: a web-based e-mail service that promised to share its revenues with its users. (The site – – went bust when the dotcom bubble burst in 2001). has about 5.8 million members, of whom only about 5,000 have paid subscriptions, the source of the bulk of the company’s revenues, though the company also offers advertising services. While it does not release financial information about itself, based on the company’s fee for its two levels of premium services, Tradekey’s revenues are estimated to exceed $3 million a year.

Crucially from the company’s perspective, however, it has been growing at a rate of more than 86% a year (Tradekey did not offer a precise number). According to Mansoor, an analysis conducted by a third-party expert valued the company at around $700 million......
Riaz Haq said…
Here's an ET report on tech market growth in Pakistan:

“Broadband penetration and mobile telidensity is creating a bandwidth shortage in Pakistan, which will widen manifold as third generation mobile technology rolls out. That’s where we see the opportunity, as businesses will need to optimise their hardware, storage and software,” says Oracle Corporation’s Vice President of ASEAN Systems Sales Ron Goh.

Goh, in an interview with journalists, said that current data centre operations are unsustainable and often fail to meet the needs of growing businesses. “By optimising existing data centres,” he said, “organisations can significantly increase IT efficiency along with system performance, availability and security. By doing this, they can reduce their spending on systems operations and integration that eat up around 80% of the IT budget,” he added.

Through Data Centre Optimisation (DCO), businesses can lower operation costs by 75%, according to Goh. “DCO is not a machine or software, but a combination of storage, servers, operating systems, engineered systems and software to simplify the IT infrastructure,” he explained.

“Pakistan is a fast growing country where demand for technology is increasing,” Goh observed, “even businesses that have Data Centre Optimisation technology want to upgrade the same to global standards.”

Explaining the need for upgrading database storage infrastructure, “These new challenges can’t be met with application silos [storage towers] running on aging hardware technologies,” he said.

Giving an example, Goh said organisations which have implemented more efficient technologies were not only able to lower operating costs, but also drove better productivity, which ultimately gives the organisation a quantifiable return on investment and a real competitive advantage within the industry.

Operating in Pakistan since 1997, Oracle’s clientele has grown to 1,100 customers.Through its local partners, the database giant helps businesses adopt integrated information technology infrastructures for higher work efficiency.
Riaz Haq said…
Here's a News report on Teradata business operations in Pakistan:

KARACHI: Stephen Brobst, Chief Technology Officer of Teradata, is impressed with talent base in Pakistan. In his recent visit to Pakistan, he said this was the only reason prompting the company to keep its operational base in Pakistan while extending its data warehousing services across Afghanistan, Bangladesh, and Gulf Cooperation Council. These services are essential for organisations that keep interacting with a number of customers and their queries on daily basis.

Data warehousing provides an enormous repository to not only store but also compare present and historical records to facilitate corporate decision making. A PhD from Massachusetts Institute of Technology and a member of Barack Obama’s ‘President’s Innovation and Technology Advisory Committee’, he looked quite eager to educate organisations—the targets are financial and telecom sectors—in Pakistan about the benefits of utilising data warehousing (a next step to enterprise resource planning) prior to devise pricing plan, marketing strategies, or funding decisions during an interview with The News. Following are the excerpts.

Why enterprise data warehousing is important?

All the sectors can take advantage of data warehousing. Health sector can utilise the technology to upgrade quality of services by decreasing costs. The Obama administration has asked the committee to formulate solutions to keep track on a number of patients, their diseases, health history, etc. On the basis of these data analytics, hospitals can reduce discrepancies existing in the data. Data warehousing enables, for example, hospitals to maintain health records and patients to keep away from frequent visitations to doctors

Given the low fund allocation to health sector in Pakistan, is data warehousing practical?

I can’t comment on the government’s funding. However, if the government of Pakistan asks us to work on the data, we are ready to extend our services.

Which organisations are Teradata catering to in Pakistan?

Pakistan International Airlines, Telenor Pakistan, and Nadra are few names that our company has served. Every organisation that deals with tonnes of data to perform its day-to-day jobs can benefit from our data warehousing (which transforms data into relevant information to formulate best pricing plan for instance). All top- and mid-tier companies and institutes can use our integrated data warehousing, data analytics, and business applications. ..
Riaz Haq said…
Here's an ET Op Ed on IT developments anticipated in 2012:

2013 will see the adoption of Cloud services continue to grow in Pakistan. Increasingly, customers – both individuals and companies – will seek to store their data ‘in the Cloud’ as opposed to physical data servers, as well as avail of software services on a ‘rental’ basis. Large MNCs, banks and other financial services companies have already moved into this domain some time ago. Looking forward, educational institutions are likely to take the next step, as digitisation of educational content takes place. Some progressive institutions have already adopted softwares such as Moodle and Learning Management Systems and incorporated their curriculum on them, thereby preparing their scholars for a digital future.
Pakistan has over 100 million cellular subscribers; reportedly, around 10% of these use smart phones. Data usage has grown substantially, and there are an estimated 10 million mobile data users in Pakistan. However, it is important to note that 3G has been overhyped and may actually fall short of expectations, as it has in India.

Almost a year into its launch in India, only 2% of subscribers have opted for 3G services. 3G will require ubiquitous coverage for consumers to be satisfied with the services. WiMAX can play an important role here by offering a solution for data backhauling for telecom operators. Wateen has already deployed around 250 WiFi hotspots in Karachi, Lahore and Islamabad, and is ideally positioned to fulfill the data needs for mobile operators.
Branchless banking and m-commerce services will be the biggest innovations for the year. New entrants (Zong and Askari Bank, and Mobilink and Waseela) have recently launched their offerings and promise to improve the take-up of this service. New payment solutions will also be a first in the country, as smart phones enable swipe magnetic card readers and pioneering companies such as Inov8 Ltd begin to deliver on their potential for the consumer market. Smart phone apps will also be big.
In Pakistan, some companies have already started bringing Android-based devices for as low as Rs5,000. Indians have recently announced that they will be developing the world’s cheapest tablet for $35. These devices will play an exceptional role in transforming societies. The consumerisation of IT has already started taking place in Pakistan. Companies like QMobile will play an important role in the proliferation of low-cost handheld devices. This, in turn, will impact the use of mobile internet and broadband, open WiFi and WiMAX, as well as Cloud services, as consumers look to access data and media on their handheld devices.
Riaz Haq said…
Here's ET on launch in Pakistan:

KARACHI: With a self-employment boom and double-digit growth in internet subscriptions, Pakistan has become the third highest user of, the world’s biggest online marketplace in terms of user base, it was revealed at the launch of the website’s local version on Tuesday.

“Pakistan is the third largest country using the website [], closely following India and the United States,” said Adam Byrnes, International Director at freelancer who joined the ceremony through a video call from the company’s headquarters in Sydney, Australia.

“Pakistani freelancers have already earned more than $13 million from the platform,” he said.

Freelancer’s decision to launch the local website comes on the back of strong growth in subscriptions by Pakistani freelancers. The website presently has 240,000 Pakistani users.

According to a report prepared by freelancer, self-employed Pakistanis surged from 33.3% to 39.9% between 2009 and 2012. The report attributes this surge in subscriptions to the rise in internet use in Pakistan, which saw double-digit growth in the past five years. In terms of internet growth, Pakistan stands second in the Saarc region, the report said.

“I am excited about the launch of because of the potential Pakistan represents for the platform,” said Byrnes who is responsible for expanding freelancer across the world. “This [Pakistan] is a high value market for employers abroad.”

With more than 30 million internet users, five million plus broadband users and a population approaching 200 million, according to Byrnes, it makes sense to have a presence in Pakistan.

“Going forward, we want to provide self-employment for a billion people, a significant portion of that is going to come from Pakistan,” he said.

Freelancer just hit seven million users globally and 4.2 million projects were facilitated by the website, Muhammad Umer Farooq, company director responsible for managing the freelancer website told The Express Tribune on the sidelines of the event.

“An amount of $150 million has been spent so far by users of,” he said, adding they make money by charging commission from both the employers and the freelancers who get projects.

Interestingly, Farooq pointed out, it is not only foreigners hiring Pakistani freelancers, but Pakistani companies are also giving contracts to Pakistani freelancers registered on the website. United States is the top country awarding 38% of total projects on freelancer while Pakistan stands fifth for it awards 4% of the projects.

The idea is to enable rupee transactions for Pakistani members for which the company is in talks with local banks, both Farooq and Byrnes said. “Secondly, we are soon going to have an Urdu version of the website,” Farooq said.

IT and graphic designing (logo design) are the top two categories at freelancer. Freelancers can bid for the projects posted by employers through a simple method, he said. Given that it is one of the top countries on the website, Pakistani freelancers can benefit from exposure to the international job markets – the UK, North America, Australia and Canada.
Riaz Haq said…
Top four online outsourcing sites,,, and report that Pakistan ranks number 3, after US (#1)and India (#2), in terms of freelancers doing outsourced IT work on contract. Bangladesh ranks fourth.

It also shows US, Australia and the UK as the top hiring countries.

All of the above-mentioned websites work in a similar fashion: companies post job requirements on these sites. Next, freelancers or IT-companies offer their skills and price for the project listed on the website. Finally, the company chooses the best type of bid for its job requirements.
Riaz Haq said…
India even violates the BPM6. BPM6 allows the salaries of first year of migrant workers to be included in a country's BOP. India continuously and cumulatively adds all the earnings of its migrants to US in its software exports. So if 50,000 Indians migrate on H1B visas each year, and they each earn $50,000 a year, thats a $2.5 billion addition to their exports each year. Cumulatively over 10 years, this would be $25 billion in exports year after year and growing...This is a clear violation of BPM rules. A 2005 US GAO study noted that US Imports of software from India were around $400 million in 2004 or so. While India at that time was reporting exports of $8 billion to US. That's a 20 times difference. I don't think following India is the way to go. India's software exports are extremely inflated. We should collect quality and factual data and consistently report what is right. The problem with us is that we don't even do that.
Riaz Haq said…
Mariam Adil, a young entrepreneur, is making waves in the Pakistani gaming industry.

According to recent data, Pakistan's software industry employs more than 24,000 people, including many startups like Mindstorm Studios by Ahmed, We R Play by Mohsin Ali Afzal and Waqar Azim, and the now famous Caramel Tech Studios in Lahore. Pakistan's developers have achieved new renown thanks to games like “Whacksy Taxi”, which has become one of the most downloaded App Store games in 25 different countries, and other projects like “Stick Cricket”. Firms hold regular “game jams” in Lahore to attract innovators with competitions between young would-be game developers. Jobs at these companies are highly coveted by young people: the workday ends around 4pm, and employees often hang out together afterwards, literally playing games!

Mariam Adil is one of the dynamic women leading this new era of entrepreneurialism in Pakistan, perhaps the country's best-kept secret. While most of the world probably thinks of all Pakistani women as oppressed and chained down by society, there are dozens of bright women entrepreneurs managing incubators and programs in Pakistan today.

Adil is the founder of the Gaming Revolution for International Development (“GRID”), a game development startup that designs low-cost video games to simulate common issues in development fieldwork and teach development skills. Its game “Randomania” serves up scenarios that any development-sector professional can relate to and encourages policy decisions, showing the results of those decisions. Stereowiped, on the other hand, is a boundary-breaker when it comes to race and barriers of prejudice and is a great example of what social impact games can achieve.

Faisal Kapadia recently spoke to Adil about her work and much more.

Faisal Kapadia (FK): Why did you think of forming a company like the grid to solve issues when there is plenty of opportunity available for game developers commercially?

Mariam Adil (MA): Born out of pure inspiration, GRID hits at a niche market and gives me the flexibility to think creatively about pushing the boundaries of technology innovations for creating development solutions. It was less driven by a need to earn money and more by my passion for the idea.
FK: While developing Randomania did you do a lot of research on different situations faced by professionals in the development sector?

MA: My day job at the World Bank allows me to have my hand on the pulse. Having designed and implemented several Impact Evaluations, I am familiar with the challenges that practitioners face while designing randomized control trials. This perspective, put together with feedback from some very supportive colleagues at the World Bank allowed us to make sure Randomania could do justice to the challenges of rigorously evaluating development projects.
FK: What kind of impact do you think a game like Randomania can have? Does it lead to as a test case more cohesive thought or efficiency?

MA: In my opinion, there is a gap between the science of International Development taught to students and development practitioners, and the art of development practiced by professionals in the field. Until now, there have been few tools to bridge that gap – to provide the experiential learning required to practice complex decision-making, at a scale well beyond one to one interaction.

Games like Randomania offer a safe environment to simulate the effects of policies and understand the trade-offs involved in the decision-making process. With a push towards innovative use of technology in international development, and the effectiveness of games as learning tools, the stage is set for development games to be introduced as learning tools for development practitioners and students.
Riaz Haq said…
#Pakistan's #IT industry exports jump 19% last year hit all-time high near $1 Billion. #technology via @techjuicepk

Pakistan’s IT exports have hit an all-time high in the outgoing financial year of 2016-2017.

The country is witnessing a growth boom in the IT industry like never before and the government is also taking steps to support the IT infrastructure. And the numbers prove that the positive activity in the IT industry is delivering good results. According to ProPakistani, figures provided by the State Bank of Pakistan(SBP) indicate that the IT industry’s exports – which includes telecom, and computer and information services – in the outgoing financial year were of $938.640 million. The exports made in the previous financial year of 2015-2016 were worth $788.640 million. This indicates a year-on-year growth of 19%.

The Pakistan Software Exchange Board(PSEB), on the other hand, has reported figures that are three times greater than those reported by the SBP. According to the PSEB, the IT exports stand at a whopping $2.8 billion. There is a huge disparity in the numbers that have been reported by the SBP and the PSEB. However, it should be noted here that the SBP and the PSEB calculate the final figure of IT exports in a different manner. The PSEB reports in different sectors such as financial services, healthcare sector, e-commerce, e-health, but to estimate the final figure of total exports it takes into consideration all the exports done by local software houses to international clients.

If Pakistan’s IT industry keeps thriving at this rate, it certainly rings good news for the country’s economy. Could Pakistan hit the target of $6 billion software exports by 2020 or the target of $10 billion IT exports by 2025? We’ll have to wait and see. But the present certainly does look good.
Riaz Haq said…
Anusha highlights IT sector’s performance

Mrs. Anusha Rehman said that the performance of Pakistan’s IT sector could be gauged from the fact that IT industry exports have registered a 98% growth over the past four years resulting in substantial contribution to Pakistan’s economy through foreign exchange earnings and job creation. She said that due recognition must be extended to our freelancers who have catapulted Pakistan on the 4th spot on the largest freelancing website in the world, Upwork and that it is the goal of the present government to achieve at least $5 billion in export earnings by 2020 and $10 billion by 2025.

Riaz Haq said…
#Pakistan #Information #Technology #exports reached US$1,064,540, exceeding US$1 billion in Fiscal Year 2018, according to data from the State Bank of Pakistan. #Telecommunications #Software #computers

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