IT sector exports witness 14pc growth in 1st quarter

Pakistan information technology sector exports witnessed 14 percent growth in the first quarter (July-Sep) 2019-2020 and remained $234.607 million compared to $205.797 million during the same period of last year.

This was revealed by officials of the Ministry of Information Technology and Telecommunication while talking to this correspondent.

IT sector exports witness 14pc growth in 1st quarter

Official said that following the directives of the federal minister for Information Technology and Telecommunication, federal secretary Ministry of IT and Telecommunication Shoaib Ahmad Siddiqui reviewed the performance of Pakistan Software Export Board (PSEB) during the first three months of Financial Year 2019-20 (July-September).

Managing Director (MD) and senior management of PSEB briefed the Federal Secretary Ministry of IT and Telecommunication about PSEB performance during the period from July to September this year.

The Federal Secretary Minister of IT was apprised 14% IT exports has been increased in the period from July-September 2019 as compared to first 3 months of the financial year 2018-19 as it increased from $205.797 million to $234.607 million.

The Federal Secretary was apprised that the number of PSEB registered IT and IT enabled services (ITes) companies has risen to 2,059 as of September this year, as compared to 1820 valid registrations by September 2018 thus shows the growth rate of 13.13 %.

The MD PSEB said that PSEB facilitated participation of Pakistan’s IT companies in international events in GiTEX Dubai 2019, Pakistan Tech Summit 2019, Norway and Canada-Pakistan ICT Forum held in Toronto in September. He further told that PSEB organized participation of 20 IT companies in ITCN Asia 2019 held in Karachi in September.

The Federal Secretary IT was also apprised that PSEB arranged a training session for Commercial Counselors to apprise them about the IT industry of Pakistan.

The chair was told that the process for 11 IT companies’ international certifications, including ISO 27001, ISO20001 and CMMI level-2, has been initiated with the collaboration of PSEB.

The Federal Secretary Ministry of IT appreciated the management of PSEB for good performance during first three months of financial year 2019-20.