For the first half of fiscal year 2021-22 (July-December), ICT export remittances, which include telecommunication, computer, and information services, increased by 36% to $1.302 billion, up from $959 million in the previous fiscal year.
ICT exports were $251 million in December 2021, up 29 percent from $195 million in December 2020, according to data supplied by the Ministry of Information Technology and Telecommunications.
This was $30 million more than the previous month’s exports in November 2021.
For the current fiscal year, the Ministry of Information Technology and Telecommunications has set a goal of $3.5 billion.
According to a government official, the Ministry of Information Technology and Telecommunications is committed to expanding IT exports and is taking special measures in this area.
The Pakistan Software Export Board has been encouraged by Syed Aminul Haq, the Federal Minister of Information Technology and Telecommunications, to take all necessary steps to reach the IT export target. As part of the prime minister’s “Digital Pakistan” goal, he believes it is vital to promote all parts of information technology and connect the youth, particularly students, to the digital world.
He went on to say that the Ministry of Information Technology is playing a crucial role in leveraging technology to combat the Covid-19 epidemic, and that coronavirus cases in the country are now decreasing. Strong industry growth rates have emerged from the government’s substantial incentives and many projects to boost the IT industry’s capacity and capability.