Pakistan’s IT Exports Register a Healthy Growth of $5bn During FY 2017-18

With the growing advancement in technology sector, People have got awareness to start their own business regarding technology and IT. Pakistani youth is very talented and their combination with technology has resulted to increase in IT exports as they reached $sbn. Pakistan’s IT Exports Register a Healthy Growth of $5bn During FY 2017-18.

Pakistan’s IT Exports Register a Healthy Growth of $5bn During FY 2017-18

While appreciating the IT youth, Ceo of 1oXC, Saif Akhtar said:

During 2016-2017, Pakistan IT exports were $3.3 bn, which have jumped to $5 bn and are expected to grow to $6 bn next year

In continuous efforts to serve the economic development of the nation and to create new platforms for the incumbent youth, Momentum is hosting a Startup conference and exhibition for technological entrepreneurs, on 19th and 20th of February 2018, at Expo Centre, Karachi.

Asif Jafri, Founding Member of Momentum said:

“It is true that in our developing nation, the factor of risk management plays a crucial role and any new business or startup requires an executable plan. People have innovative ideas but are weak in implementation strategies that results in most startups failing in the initial years. Momentum focuses to bridge the gap under the theme of changing mindsets. We strive to do this by bringing together the experienced and inexperienced to lend a helping hand to the feeble feet of the youth of Pakistan through this platform.”

Pakistan IT industry is growing at fast pace in different technological categories.  Google, IBM, Amazon, Facebook and Microsoft have all agreed to play an active role. Delegates from these tech giants will be visiting Pakistan for the very first time. This is a proud moment for Pakistan as tech giants will come to Pakistan to pick talent from here.

Pakistan government is also promoting startups by launching different programs such as digiskills which aim to build startups form Pakistan. The government has given three years exemption to from taxes to startups and has also set up National Incubation Center in Lahore and plan to launch it in all major cities of Pakistan.

Also Read: Pakistan to Issue Electronic Visas Soon: Ahsan Iqbal

Fizza Atique

Fizza Atique is a Tech writer specializing in the intersection of tech and culture. She likes photography, VR, electronic music, coffee, and baking.
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