Pakistans IT Exports ascends By 35%, Number Of IT Companies By 12%

Staff Report ISD: Asim Shahryar Husain, MD Pakistan Software Export Board (PSEB) briefed the Minister of State for IT about recent achievements in IT sector. He told that PakistanS IT exports increase by 35%, over last year with an estimate of $500 million in IT remittances for 2014-15. He said that the number of software houses and call centers registered with PSEB has increased by 12% during the first 8 months of 2014-15. He mentioned that PSEB had setup a Pakistan Pavilion for the first time in the history of Mobile World Congress 2015 in Barcelona where mobile apps companies of Pakistan demonstrated their expertise in design and development of mobile apps and games. Around 110 leads were generated from the event with an expected business value of $1 million. He also mentioned that a Saudi group is exploring the option of acquiring different IT companies of Pakistan and then taking them public through IPOs. PSEB is their strategic partner and roadshows will be organized in Islamabad, Lahore, and Karachi in end of April for this purpose.

The Minister directed PSEB to introduce the capacity enhancement programs for IT companies which could prove to be instrumental in advancing IT exports of Pakistan. She further said that every project proposal must be submitted with clear timelines so that its progress and results could be monitored on a regular basis in order to get best results. She directed PSEB to explore ways and means to help starts ups and young entrepreneurs.

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