Increase in IT exports being witnessed due to policy initiatives of SIFC

An increase in IT exports is being witnessed due to policy initiatives of Special Investment Facilitation Council (SIFC).

According to State Bank of Pakistan’s data, IT exports stood at 257 million dollars in February, which is thirty two percent higher than the same period of last year.

IT exports grew by fifteen percent to 1.977 billion dollars in the first eight months of current fiscal year.

The Special Investment Facilitation Council (SIFC) has achieved thirteen out of fifteen targets set in the last eight months, which has boosted the information technology sector and led to an increase in its exports.

Analysts estimate that the country’s total IT exports for the current fiscal year could be between three to four billion dollars, which is 2.6 billion dollars higher than last year.

Source: Radio Pakistan