Tuesday, July 23, 2024
HomeTechPakistan's IT industry is expanding significantly.

Pakistan’s IT industry is expanding significantly.

A recent Economic Survey Report states that Pakistan’s IT sector exports increased significantly to $2.283 billion.

This spike in exports demonstrated the rising demand for Pakistani IT services globally as well as the industry’s economic impact on the country.

The report also showed that IT freelancers remitted $35 million, highlighting their importance in the industry. According to the survey report, there has been a significant rise in the number of broadband and telecom customers nationwide, with 135 million broadband users and 194 million telecom users. The federal government put forth a substantial 357 percent increase in the budget for the IT sector for 2024–25 earlier this week.

The Ministry of IT has been given a development budget of Rs 27.43 billion, of which Rs 6.28 billion is for 15 new projects, according to sources.



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