ISLAMABAD, Pakistan – PSEB, an attached department of the Ministry of Information Technology and Telecom, will shortly open a dedicated office in Quetta to support the development of the IT industry in Balochistan.
In a statement, PSEB MD Osman Nasir stated that the PSEB is providing maximum assistance to the IT industry in order to boost exports of IT products and services from Pakistan and assure the industry’s holistic growth.
He said that the multipronged efforts are paying off, citing the fact that the number of IT companies registered with Pakistan’s Securities and Exchange Commission has risen to over 10,000.
With 2,826 firms registered with SECP in fiscal year 2020-21, it was the year with the most IT firm registrations. In light of the global economic slowdown, this accomplishment is particularly commendable, highlighting the robustness of Pakistan’s IT industry eco system, he noted.
MD According to PSEB, Karachi, Islamabad, and Lahore have emerged as Pakistan’s key tech centres, with Karachi, Islamabad, and Lahore dominating the IT sector’s export development. The focus on secondary and tertiary cities in Pakistan will drive Pakistan’s IT/ITeS growth in the next years. PSEB’s Quetta office would take an all-encompassing approach to laying the groundwork for rapid industry expansion in the province, resulting in long-term economic growth and job prospects, he said. In the first phase, he said, work is progressing on the establishment of Software Technology Parks in Quetta, Faisalabad, Bannu, Swat, Sukkur, and Khairpur.
Pakistan’s ICT industry export remittances, which include telecommunication, computer, and information services, increased by 41.43 percent to US $ 1.298 billion between July and February of FY 2020-21, compared to US $ 917.840 million in FY 2019-20.