IT EXPORTS WITNESSING 40PC GROWTH PER YEAR

psebIslamabad— The Information Technology industry with almost US $ 2 billion annual exports is registering 35-40 pc per year growth and making a viable contribution to national economy. The IT exports have grown by more than 11 times over a last decade and are expected to reach $ 6b by 2020 with more attractive annual growth. Pakistan is fast becoming destination of choice for a significant number of international companies looking to relocate their operations offshore. The ready availability of skilled professionals, an appropriate IT infrastructure, and affordable rates for connectivity result in considerable time and cost-savings for entrepreneurs.

Sources at Pakistan Software Export Board (PSEB) enumerated the key features and said a skilled workforce of 110,000 English-speaking IT professionals, of which 24,000 are engaged in exports.Nearly 1500 companies – two are listed on Karachi Stock Exchange (KSE), two on National Association of Securities Dealers Automated Quotations (NASDAQ) and one on Dubai International Financial Exchange (DIFX).Nine Software Technology Parks (STPs) are offering around 700,000 square feet of IT-enabled office space while seven multinational companies have ‘Development Centers’ in Pakistan.With regard to some other features of Pakistan’s IT industry, the sources said there are around 500 call centres with expertise in both inbound and out-bound calling including technical support and tele-marketing.