Pakistan’s Information Technology (IT) and IT-enabled Services (ITeS) export remittances have surged by 23.71% ($1.230 billion) in financial year (FY) 2019-2020.
The numbers were revealed in a performance report released by the Pakistan Software Export Board (PSEB) on Friday.
According to FY2018-2019, the remittances were $994.848 million and they have now increased to $1.230 billion in FY2019-2020
Mr Syed Aminul Haq, Federal Minister for IT & Telecommunications (MOIT), said that they have targeted and is working towards increasing these export numbers up to $5 billion in the next three years.
He further said that under the vision of Digital Pakistan, we should promote and support all IT-related projects and connect Pakistan to the digital world.
The ministry’s spokesperson also mentioned that 6,000 Pakistan-based IT companies were providing IT products and services to people in over 100 countries.
Pakistani IT companies have been providing products and services to some of the world’s largest companies. The country has been ranked as the third most popular country for freelancing in the world.
“The Information and Communications Technology industry of our country has seen high achievements in the past few years. Pakistan is surely heading in the right direction in terms of achieving that $5 billion revenue goal for the industry by the year 2024,” said the spokesperson.