Categories: Technology

IT Exports Pakistan Records Highest-Ever $4.6 Billion in Annual Earnings

IT Exports reached a record $4.6 billion during the fiscal year, marking Pakistan’s highest-ever annual earnings from the information technology sector and highlighting its growing contribution to the national economy.

Pakistan Stock Exchange PSX Falls Over 1,500 Points as Middle East Tensions Weigh on Markets

According to the Ministry of Information Technology and Telecommunication, IT exports increased by 21% compared with the previous fiscal year. The sector also posted a trade surplus of 85%, reflecting strong export performance.

The ministry credited the achievement to government policies that support the technology industry, sustained assistance for exporters and Prime Minister Shehbaz Sharif’s focus on expanding Pakistan’s digital economy.

It said the IT sector has become Pakistan’s fastest-growing export industry, supported by initiatives designed to improve competitiveness and create new opportunities for technology companies.

Meanwhile, the government strengthened the industry’s global presence by organising Pakistan’s participation in more than 20 international technology exhibitions over the past year. More than 250 Pakistani IT companies and startups showcased their products and services to international buyers and investors.

In addition, IT industry representatives accompanied the prime minister on official overseas visits, helping businesses explore new markets, attract foreign investment and expand commercial partnerships.

The government also prioritised workforce development by providing training in modern digital and IT skills to more than 100,000 young people during the year.

Furthermore, authorities continued offering incentives for IT exporters, including the final tax regime and a 0.25% tax facility on exports. The ministry said these measures have strengthened the sector’s competitiveness and supported continued export growth.

Irfan

Recent Posts

Defence of Pakistan Rally to Be Held in Karachi on September 6

A major Defence of Pakistan rally will be held in Karachi on September 6 to…

2 seconds ago

OpenAI Astra New AI Model Raises Fresh Concerns Over Monitoring

OpenAI has unveiled Astra, a new artificial intelligence model it describes as its most capable…

14 minutes ago

iPhone Ultra Price Leak Points to $1,999 Starting Price

The iPhone Ultra price may have leaked ahead of Apple’s expected launch, with multiple overseas…

16 minutes ago

PSX Volatility KSE-100 Gains 400 Points Before Turning Negative

The KSE-100 Index showed a volatile trend on Monday, gaining more than 400 points in…

17 minutes ago

Petrol Deregulation Government Sets June 2027 Target for Market-Based Prices

The federal government has set June 2027 as its target to deregulate petrol prices, marking…

19 minutes ago

Jason Gillespie Tells Aaqib Javed to ‘Look in the Mirror’ Over Pakistan Cricket Crisis

Former Pakistan coach Jason Gillespie has criticised selector Aaqib Javed over the team’s recent upheaval,…

21 minutes ago

This website uses cookies.