Technology

Pakistan IT export remittances expected to reach $1.3 billion at the end of this year

As per the latest stats released by the Government of Pakistan, Pakistan’s IT and IT-enabled export remittances are expected to reach $1.3 billion at the end of this year. The officials from the Ministry of IT and Telecom have set the target of $5 billion at the end of 5 years for the export remittances. These stats indicate that Pakistan is on a stable trajectory to achieve the goal.

As of right now, there are 2354 valid IT companies which are contributing to the growth of remittances for the country. Compared with FY2017-18 when remittances stood at $831.5 million, there is expected to be a growth of 20% to 30% this year. Given below is the tweet from Government of Pakistan:

In previous meetings, the Minister of Information Technology and Telecom Syed Aminul Haque affirmed the ministry’s commitment to increasing the quality of smartphones, and IT exports in the country. He said that the Ministry aimed to offer high-speed internet in underserved areas of the country. This step will also aid in online education plus connecting citizens of the country with more opportunities to do freelancing for their livelihood.

Recently the Minister met with the founder of Byonyks, a startup which is developing Pakistan’s first bloodless dialysis machines.

Sponsored
Shaheryar Ehsan

Content Team Lead. Blogger, Content Developer, Social Media, and SEO Expert. Reach out: shaheryar.ehsan@techjuice.pk

Leave a Comment
Share
Published by
Shaheryar Ehsan
Tags: ITPakistan

Recent Posts

Indian Army Granted Authority to Directly Takedown Social Media Content

The Indian Army has been granted direct authority to manage social media content concerning its…

8 hours ago

NUST Achieves Global Recognition with 43 Researchers Among World’s Top 2% Scientists

In an extraordinary accomplishment for Pakistani academia, 43 researchers from the National University of Sciences…

9 hours ago

Khyber Pakhtunkhwa Govt Ready to Acquire PIA with Bid Exceeding Rs10bn

The Khyber Pakhtunkhwa (KP) government has officially informed the federal government of its intention to…

11 hours ago

PTA Cautions Public on Illegal and Unlicensed Forex Trading Platforms

The Pakistan Telecommunication Authority (PTA) has issued a stern advisory, warning citizens against investing in…

11 hours ago

Record Emigration: Economic Instability Forces Pakistan’s Best and Brightest to Depart

Economic challenges are prompting skilled workers to leave Pakistan, resulting in a significant talent drain…

13 hours ago

Russia’s Fine on Google Exceeds World’s Economy

A Russian court has fined Google for blocking state-run media channels on YouTube, imposing a…

1 day ago