To focus on the development of Information Technology (IT) industry in Balochistan, the Pakistan Software Export Board (PSEB) – an attached department of the Ministry of IT & Telecom has decided to set up a dedicated office in Quetta.

The Managing Director of PSEB, Osman Nasir said that the board is making all efforts to extend maximum facilitation to the IT industry in order to enhance exports of IT products and services and ensure a holistic IT industry growth.

All inclusive approach will be followed by the board’s office in Quetta, to lay the foundation of a rapid industry growth in Balochistan, which would generate sustainable economic growth and job opportunities, Osman Nasir said.

He added, “Efforts are bearing fruit as the number of IT companies registered with the Securities and Exchange Commission of Pakistan (SECP) had surged to over 10,000.”

Sharing more insights about the growth of this sector in financial year 2020-21, the Director said that this year witnessed the registration of largest number of IT companies, with 2,826 companies registered with the SECP.

“This performance is especially laudable in view of the global economic slowdown, demonstrating the resilience of Pakistan’s IT industry ecosystem”, he added.

The PSEB MD said that Lahore, Karachi and Islamabad have become Pakistan’s major tech hubs, leading IT industry’s export growth, adding that the next phase of Pakistan’s IT/ITeS growth “would come from focus on secondary and tertiary cities”.

Furthermore, the board is also making efforts to set up software technology parks in Quetta, Faisalabad, Bannu, Swat, Sukkur and Khairpur in the first phase.

As per the statement from the authority, the export remittances of Pakistan’s ICT industry including telecommunication, computer and information services surged to $1.298 billion at a growth rate of 41.43 per cent in July-February of FY21, in comparison to $917.840 million during the July-February period of FY20.

From : pk.mashable.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

China agrees to import Pakistani meat after lifting quarantine restrictions

China agrees to import Pakistani meat after lifting quarantine restrictions – Business…

Gallup Pakistan’s Coronavirus Attitude Tracker Survey – Wave 10

The latest findings released by a Gallup Pakistan survey of 1,500 randomly…

PM Khan inaugurates Miyawaki forest at Jilani Park in Lahore

Prime Minister Imran Khan has inaugurated the Miyawaki urban forest at Jilani…

Microsoft vs Google and Facebook – Tech giants divided search engines paying for news globally

Microsoft vs Google and Facebook – Tech giants divided search engines paying…