KARACHI:
Pakistan’s exports of information technology (IT) and IT-enabled services have increased by 42% to $635 million in the first quarter of fiscal year 2021-22 compared to $445 million in the same quarter of the previous year, said Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood.
Commenting on the growth trend on his official twitter handle on Monday, the minister voiced hope that Pakistan would surpass the target for IT exports in the ongoing fiscal year.
“I congratulate all the stakeholders for their efforts and dedication,” Dawood wrote.
Pakistan mainly exported software services to IT companies in the west, information and communications technology (ICT) expert Parvez Iftikhar told The Express Tribune.
Appreciating the growth figures, he highlighted that Pakistan’s IT and IT-enabled services possessed immense potential which could be tapped by ensuring ease of doing business in Pakistan.
He requested the government to play its due role in providing safeguarding IT companies from the Federal Board of Revenue (FBR), investing in quality IT education and skills development and ensuring availability of high-speed internet.
He held the view that issues like replacement of tax-exemption with zero-duty tax regime and failed spectrum auction needed to be addressed on priority.
Iftikhar added that change in tax regime for IT companies substantially inflated their cost of doing business.
Topline Securities analyst Umair Naseer highlighted that the...
Read Full Story: https://tribune.com.pk/story/2326363/dawood-cherishes-42-surge-in-it-exports
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