Countries that generate advanced technologies and leverage the full productive capacity of their digital economies gain a strategic competitive advantage. We envision Pakistan’s IT sector to have an extremely promising future, brimming with talent, and potential to become one of the largest export industry of the country. It is carving a differentiated position as the preferred source for software development.
PAKISTAN’S IT INDUSTRY IS AN EVOLVING ECOSYSTEM OF IT COMPANIES, PROFESSIONALS, ACADEMIA, AND POLICYMAKERS THAT HAS DELIVERED RESULTS, AS IS EVIDENT FROM THE SUSTAINED REVENUE GROWTH OF 20-30% EVERY YEAR OVER THE PAST DECADE. PAKISTAN IS NOW GROWING INTO A VALUE-ADDED DESTINATION – MAKING COST-EFFICIENT TECHNOLOGY FOR GLOBAL CLIENTS AND THE TIME IS RIPE FOR THE COUNTRY NOW TO REINVENT ITSELF.
IT resources in Pakistan are available at approximately 70% annual savings when compared with Europe or North America.
Pakistani IT companies have expertise in different IT services including high end, enterprise grade software development, systems integration, mobile apps, gaming, animation, consulting and BPO services such as telemarketing, technical support, medical transcription and billing. Pakistan’s IT exports have grown exponentially over the last five years with a growth of 137%.
The number of IT companies is increasing every year as the younger population prefers to run their entities instead of attempting to seek public sector jobs.
This is helped by support from the government and a plethora of public and private sector entities are planning and focusing on the growth of the IT Industry. The startup culture is becoming mainstream culture with success stories coming out every year. The government considers the startup community, freelancers, developers, and IT students as important pillars of its strategy.
Currently, Pakistan’s IT industry is providing services to 120 countries around the globe. Multiple entities at both provincial and federal levels are working to ensure consistent industry growth and minimizing any friction points that may impede industry growth. For foreign SMEs looking for a cost-effective IT destination, now is the right time to invest in Pakistan. The sector is in the middle of an exciting flux as new technologies are becoming mainstream, creating further demand to match increased service competencies. Foreign companies engaged in outsourcing services can tap into excess labor in the Pakistani market, at a competitive cost.