Home » Pakistan Announced its First-Ever IT Export Strategy
Pakistan Announced its First-Ever IT Export Strategy

Pakistan Announced its First-Ever IT Export Strategy

In a historic move, Pakistan has revealed its pioneering IT and ITeS Export Strategy. A groundbreaking initiative poised to reshape the country’s economic landscape. Spearheaded by Caretaker Federal Minister for IT and Telecommunication, Dr. Umar Saif, this strategy charts a visionary course towards catapulting Pakistan’s IT exports to unprecedented heights. Targeting a staggering $10 billion within the next three years.

At the heart of this strategy lies a collaborative effort, meticulously crafted by the Pakistan Software Export Board (PSEB) in conjunction with global partners like PricewaterhouseCoopers (PwC) and the University of Oxford. Dr. Umar Saif’s address at the launch ceremony emphasized how this strategic blueprint aligns seamlessly with Pakistan’s overarching vision, positioning ICT as the cornerstone of economic stability and growth.

The strategy’s blueprint unfolds with clarity, aiming to bolster ICT exports by augmenting the existing workforce with an additional 200,000 skilled professionals, projected to elevate exports to a substantial $5 billion. Notably, initiatives such as the Dollar retention facility for IT companies and the establishment of The Pakistan Startup Fund are poised to infuse another $1 billion each, converging towards the ambitious $10 billion target.

Dr. Umar Saif’s visionary approach extends beyond mere numbers, prioritizing human resource development, freelancers’ facilitation, and the nurturing of a robust IT ecosystem. Emphasizing business-friendly policies and international marketing endeavors, this strategy aspires to position Pakistan as a thriving global IT hub.

Key insights from the strategy report highlight Pakistan’s potential to surge its IT/ITeS Export revenues to $10-$18 billion by 2028, transforming the nation into a global IT powerhouse. The envisioned growth across priority market segments is poised to create ripple effects, fostering advancements in associated industries and the overall economy.

Industry experts, including Zohaib Khan and Gerard Newman, echoed the strategy’s significance, emphasizing the critical role of industry collaboration and the need for an enabling business environment. The discussions underscored a unified resolve to overcome constraints hindering the industry’s growth, affirming Pakistan’s dedication to realizing its IT export aspirations.

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This strategy marks a transformative stride, charting a trajectory for Pakistan’s IT and ITeS industry towards unparalleled growth, innovation, and global competitiveness.

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