Pakistan information technology sector exports witnessed 14 percent growth in the first quarter (July-September) 2019-2020 and remained $234.607 million compared to $205.797 million during the same period of the last year.
This was revealed by officials of the Ministry of Information Technology and Telecommunication while talking to Business Recorder here on Wednesday. The officials said that following the directives of the Federal Minister for Information Technology and Telecommunication, Secretary Ministry of IT and Telecom-munication Shoaib Ahmad Siddiqui reviewed the performance of Pakistan Software Export Board (PSEB) during the first three months of Financial Year 2019-20 (July-September).
Managing Director (MD) and senior management of PSEB briefed the federal secretary about PSEB performance during the period from July to September this year.
The secretary was apprised that 14 percent increase in IT exports has been witnessed in the period from July-September 2019 as compared to first 3 months of the financial year 2018-19 as it increased from $205.797 million to $234.607 million. The secretary was apprised that the number of PSEB registered IT and IT enabled services companies has risen to 2,059 as of September this year, as compared to 1,820 valid registrations by September 2018, showing a growth rate of 13.13 percent. The MD PSEB said that PSEB facilitated participation of Pakistan's IT companies in international events in GiTEX Dubai 2019, Pakistan Tech Summit 2019, and Norway and Canada-Pakistan ICT Forum held in Toronto in September. He further told that PSEB organized participation of 20 IT companies in ITCN Asia 2019 held in Karachi in September. The secretary was also apprised that PSEB arranged a training session for commercial counselors to apprise them of the IT industry of Pakistan. The chair was told that the process for 11 IT companies' international certifications, including ISO 27001, ISO20001 and CMMI level-2, has been initiated with the collaboration of PSEB. The secretary appreciated the PSEB management for good performance during the first three months of financial year 2019-20.
Source: https://www.brecorder.com/2019/10/31/539680/it-sector-exports-witness-14pc-growth-in-1q/