State Bank of Pakistan in a recent report revealed that the IT exports of Pakistan have soared to $1.06 billion dollars during the last fiscal year, whereas according to experts which were previously limited to 400 million dollars annually.
The news came to the limelight via GEO News. Furthermore, they also stated that the Information Technology industry has become a significant part of Pakistani exports with its potential to generate revenue.
The imbalance between the imports and exports of IT has reached an astounding amount of 18 billion dollars according to official figures. Another report by the SBP shows that the country’s imports of Information Technology (IT) and IT enabled service (ITES) have gone up by 18.5 per cent during the first five months of the ongoing financial year.
Reference links: www.thenews.com.pk