Pakistan IT Industry Association (P@SHA) has raised a red flag over the ongoing internet disruptions in the country, warning of potential losses of up to $300 million and a devastating impact on the IT sector. The association, which represents the interests of the IT industry, has expressed deep concern over the reported implementation of a firewall, which has crippled the sector and put the country’s reputation as a reliable IT services hub at stake.
P@SHA’s warning comes as the Pakistan Business Council (PBC) also sounded the alarm over the potential exodus of multinational companies (MNCs) from Pakistan due to the internet disruptions. The business advocacy group emphasized that the IT industry is a crucial driver of the economy and that the disruptions could lead to significant job losses and a decline in exports.
The IT sector, which has seen a 33% growth in exports in June 2024, is grappling with the challenges posed by the internet disruptions. Experts fear that the country’s reputation as a reliable IT services hub could be irreparably damaged if the situation is not rectified promptly.
P@SHA has urged the authorities to take immediate action to address the issue and prevent further damage to the sector. The association is working closely with other industry stakeholders, including the Overseas Investors Chamber of Commerce and Industry (OICCI), to find a solution to the crisis.
The internet disruptions have already caused significant losses for the IT sector, and P@SHA’s estimate of potential losses of up to $300 million is a stark reminder of the devastating consequences of inaction. The association will continue to advocate for the interests of the IT industry and push for a resolution to the crisis.
