IT sends out cross record $2bn mark


Pakistan’s exports of data technology grew by 47.4 percent to cross the $2 billion mark for the primary time within the country’s history within the outgoing financial year.

In absolute terms, the IT exports reached $2.12bn in 2020-21 as against $1.44bn within the preceding year, consistent with data released by Commerce Ministry on Monday.

“I want to congratulate our IT exporters for crossing the $2bn export mark for the primary time in our history,” Commerce Adviser Razak Dawood said during a statement on Monday.

Mr. Dawood said he always believed in the abilities of IT professionals and entrepreneurs. “You have done an interesting job and that I encourage you to plug your exports even further to realize more”, the adviser further said.

The government has offered several incentives in taxes and procedures within the budget 2021-22 to encourage IT exports, he said.

Meanwhile, the commerce adviser briefed Prime Minister Imran Khan on the progress of bilateral cooperation and trade agreements after his visit to Uzbekistan and therefore the prospects for positive results from investors.

An official announcement said that Mr. Dawood also briefed the premier on the strategy for the forthcoming visit to the remainder of the Central Asian states, particularly Tajikistan, and therefore the implications for investment and trade.

He also briefed the prime minister on the Board of Investment (BoI) meeting scheduled for in the week and an expected session with various chambers of commerce this month.

PM Khan welcomed the strengthening of trade relations with the Central Asian states and stressed that Pakistan has the potential to supply sea access to the whole region, including these states.

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