Pakistan’s IT exports nearly doubled over the past five years, but that rate of growth is not sustainable – unless the government takes drastic action.
In a series of statements, top government officials have predicted optimistic figures for Pakistan’s future information technology (IT) exports. The former minister of Information Technology, Syed Aminul Haque, had expressed the determination to push Pakistan’s IT exports to $15 billion from the existing $2.6 billion over the next few years. The current caretaker minister, Dr. Umar Saif, has shown a similar resolve to take the sector’s exports to $10-20 billion.
These hovering claims are the result of the IT sector’s positive performance over the last couple of years. With a compound annual growth rate (CAGR) of 30 percent, Pakistan’s IT sector has demonstrated a phenomenal upward growth of 178 percent over the last five years. In terms of growth, the sector surpasses all other local industries in services and even the textile sector.
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Kashif Hussain
Kashif Hussain is research lead at at Pakistan IT Industry Association. He was a 2021 South Asia Fellow at the Stimson Center in Washington, D.C. Follow him on X @hussainkashifGB.
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