Pakistan’s IT exports cross $2 billion mark

Pakistan’s information technology exports rose to a record high of $2.1 billion in the outgoing fiscal year.

IT and IT-enabled exports passed $2 billion in 2020-21 for the first time in the country’s history, with a 47% increase over last year’s $1.44 billion, according to the State Bank of Pakistan.

The demand for digital services such as automation and e-commerce grew exponentially in the wake of the COVID-19 pandemic, which required every firm to adapt quickly, allowing for the strong performance of Pakistani IT companies which managed to attract export orders from several foreign countries including those in the US, UK and Middle East.

Razak Dawood, commerce advisor, congratulated IT exporters for crossing the $2 billion export mark for the first time in Pakistan’s history, saying that he had always believed in the abilities of the country’s IT professionals and entrepreneurs. He also went on to add, “you have done a remarkable job and I encourage you to market your exports even further to achieve more.”