The Statistics by the State Bank of Pakistan show 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, therefore showing a healthy expansion of business operations of multinational companies.
Furthermore, the statistics reveal that the import of IT and IT-enabled services have increased to $64 million in the Jul-Nov period as compared with $54 million of previous years same period. The numbers also showed the technology enablement trend of local companies particularly IT applications and solutions in their different sized businesses through foreign companies has also gone up.
Companies such SAP, Oracle, IBM, Microsoft and TRG have been the main players for providing multiple advanced applications and tailored solutions to tens of companies in various sectors including telecom, banking, media, textile, energy and insurance industries. The IT companies install and develop software as per needs of the businesses for increasing the efficiency, volume of operations and energy saving in manufacturing and services sectors.
