Pakistan Sets a New Record for IT Companies Registration

Pakistan

Pakistan has seen the very best ever range of IT firms registered within the current business year.

PSEB Managing Director, Osman Nasir same that the multipronged efforts are bearing fruit because the number of IT companies registered with the Securities and Exchange Commission of Pakistan (SECP) has surged to over 10,000.

Securities and Exchange Commission of Pakistan

The financial year 2020-21 witnessed the most important number of IT company registrations, with 2,826 companies registering with the SECP.

This performance is particularly praiseworthy given the world economic slowdown, demonstrating the resilience of Pakistan’s IT business ecosystem, he added.

Balochistan

He said that the Pakistan software system Export Board is extending most facilitation to the IT business to boost exports of IT merchandise and services from Pakistan and guarantee holistic IT industry growth. Pakistan software system Export Board (PSEB) – are fixing an obsessive workplace in Quetta presently for the event of the IT industry in Balochistan.

PSEB MD same that Karachi, Islamabad, and the city became Pakistan’s major school hubs leading the IT industry’s export growth. the subsequent part of Pakistan’s IT/ITeS growth would come from a spotlight on secondary and tertiary cities of Pakistan.

IT Industry

PSEB’s office in Quetta would follow an all-embracing approach for birth the muse stone of speedy industry growth within the province, which would generate property economic process and job opportunities, he said.

He further that employment is additionally in advanced stages to line up software system Technology Parks in Quetta, Faisalabad, Bannu, Swat, Sukkur, and Khairpur within the initial phase.

Technology Parks

Pakistan’s ICT business export remittances, as well as telecommunication, computer, and knowledge services, have up to $1.298 billion at a rate of growth of 41.43 p.c throughout July–February of FY 2020-21, compared to $917.840 million during the July–February of FY 2019-20.

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