IT industry tops Pakistan 100 business Index
STAFF REPORT IBD: Pakistans IT industry has been showing a tremendous performance in terms of fastest business expansion, revenues growth and employment generation in the short period of time.
This is evident as number of companies offering software services and products, computer networking and development solutions are leading the Pakistan 100 business index.
These companies have gained a limelight and secured positions in the recently announced Pakistan100 index of AllWorldNetwork for the year 2012 showing a high revenue growth potential with constant success and recognition at global platforms in the recent years.
According to the report, there are 12 companies categorized under software services and products that have been listed and ranked in the Index.
The software companies have generated a total revenue of $46.491 million last year and secured sixth position in terms of turnover among different other sectors. There were four emerging companies in this sector with total turnover reached at $19.64 million registered in 2010.
These companies have continued to impart a remarkable contribution in the economy with introduced advanced solutions and applications in services and different business. The companies have not only created direct and indirect jobs but also allied businesses, shaping growth and trends in the market as emerging potential companies in the country.