Pakistan, a nation of 220 million people, has significant human and knowledge capital since almost 60% of its population is between the ages of 15 and 29. There are already more than 2,000 IT businesses and contact centers nationwide, and that number is increasing annually.
Pakistan has 13 Software Technology Parks, more than 20,000 IT graduates and engineers are created annually, and more than 300,000 English-speaking IT professionals with competence in established and new IT products and technologies.
There has been an increase of 47% in freelance earnings and a 70% increase in Pakistan’s exports of IT over the last three years, Pakistan is the fourth fastest growing freelancer market. The development of the nation’s digital infrastructure is also accelerating quickly. One of the fastest expanding industries in the country is IT/IT-enabled services, which accounts for $3.5 billion, or 1% of the GDP.
According to the Ministry of IT and Telecom, IT exports increased significantly from $2.108 billion during the fiscal year 2020–21 to $2.616 billion (July 2021–June 2022), with a growth rate of 24.1%.
Comparing the first eight months of the current fiscal year to the same period the previous year, Pakistan’s IT exports climbed by 26%. They have increased by 50% over the past four years, and analysts predict they will increase by 100% more over the next two to four years to reach $7 billion.
The State Bank of Pakistan estimated that Pakistan’s software exports are currently...
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