In this fiscal year, the eight months from July to February saw a 15% increase in IT exports, which came to $1.977 billion.
The Special Investment Facilitation Council (SIFC), which has effectively implemented policies and met 13 of the 15 goals set over the last eight months, is to be commended for this outstanding accomplishment. Consequently, there was a notable increase in the IT industry, which in turn caused a spike in exports.
Analysts predict that Pakistan’s IT exports might reach $3 billion to $4 billion in the fiscal year 2024, which is an optimistic trajectory. This prediction indicates a large rise of $2.6 billion compared to the previous year, suggesting a healthy growth tendency in the sector.The export boom was mostly driven by telecommunications, computer, and information services; in February, exports totaled $257 million, a phenomenal 32 percent increase year over year. This encouraging trend in the IT industry has given rise to optimism that the lofty goal of $10 billion in IT exports can be accomplished.
