Exports likely to cross $5 billion

A ministry official said the ICT sector can become the driver of change and growth in the next few years


APP May 22, 2018
PHOTO: EXPRESS

ISLAMABAD: Pakistan is expected to become an outsourcing destination by 2020, and is likely to increase IT and ITES exports to the $5-billion mark, after launching strategic initiatives along with tax holiday and capital repatriation incentives for the private sector. There are tremendous opportunities for Pakistan as its IT and ITES-Business Process Outsourcing (BPO) exports are estimated  to have crossed $3 billion already this year.

A ministry official said the ICT sector can become the driver of change and growth in the next few years, if attention is given to software development, software and IT workforce export, support and monitoring. Due to CPEC, the next decade will bring in more opportunities of innovation and growth, transforming the country into a regional hub of trade and commerce, he added. Ministry of Information Technology and Telecommunication also hoped that expanding ICT accessibility to remote and under-developed parts of the country will also help in achieving social inclusiveness, opening new vistas and source of employment in the country.  

Published in The Express Tribune, May 22nd, 2018.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Our Publications

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ