IT export remittances surge 24pc in 6MFY20

ISLAMABAD: The Information Technology and IT Enabled Services (ITeS) export remittances were increased by 24.71 per cent to $550.503 million during the first six months of financial year 2019-20 as compared to the export remittances of $441.435 million in the same period of last fiscal year, said a press release issued on Monday.

According to the performance report of the Pakistan Software Export Board (PSEB), Ministry of IT and Telecommunication (MoITT), the number of registered IT & ITeS companies had jumped from 1,873 till December 2018 to 2,163 as of December 30, 2019 with a growth rate of 15.5pc.

PSEB facilitated five IT companies for attending Canada Pakistan ICT Forum held in Toronto, Canada from September 23-27, 2019, besides facilitating participation of 20 IT companies in Pakistan Tech Summit 2019 in Norway on September 25 last year.

The board organized participation of Pakistan’s IT companies at China Hi-Tech Fair 2019 held at Shenzhen, China on Nov 14-17, 2019. It also facilitated participation of Pakistan’s IT companies in Arabnet 2019, Riyadh, Saudi Arabia on December 10-11 last year.

PSEB also organized participation of 20 IT companies in ITCN Asia 2019 held in Karachi in September

The board also organized a commercial counselors training session at the Pakistan Institute of Trade And Development (PITAD) in October last year to apprise them about the facts and potential of Pakistan’s IT industry in order to solicit their efforts for projecting Pakistan’s IT industry as viable and feasible outsourcing destination in key international markets.

- Advertisement -
- Advertisement -

Must Read

Understanding the Black Forest cake

This week, Profit’s cover story chronicles not just the metrics that can be used to figure out what income group constitutes ‘middle-class’ in Pakistan,...

Fiscal Federalism