Pakistan Achieves Another Milestone By Exceeding $2 Bln IT Export Target

Pakistan has achieved another milestone by exceeding the target of $ 2 billion IT sector exports as of June 30, 2021

ISLAMABAD, (UrduPoint / Pakistan Point News - 27th Jul, 2021 ) :Pakistan has achieved another milestone by exceeding the target of $ 2 billion IT sector exports as of June 30, 2021.

"The ICT export remittances, including telecommunication, computer and information services have surged to US $ 2.123 billion (largest exporter in services sector & highest net exporter with US $1.573 billion in net exports) at a growth rate of 47,43% during FY 2020-21 in comparison to US $ 1.

440 billion during FY 2019-20," the official of the ministry of Information Technology and Telecommunication said.

He expressed confidence that the target of $ 5 billion IT sector exports would be achieved by 2023. He said there was no doubt that IT sector had a key role in strengthening the national economy and creating more job opportunities in the country.

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