IT exports dip 12.4% to $265m | The Express Tribune

LAHORE: The latest data from the State Bank of Pakistan has revealed a 12.54% decline in Telecommunications, Computer, and Information Technology exports for January 2024 compared to the previous month. The figures, released on Monday, indicate a decrease from $303 million in December 2023 to $265 million in January 2024. However, on a year-on-year basis, […]

IT exports expected to exceed $3b | The Express Tribune

Major achievements included the incorporation of the IT industry into the SIFC, allowing 50% retention of dollars in forex bank accounts, and the introduction of Paypal services to freelancers. photo: AFP KARACHI: Leading Information Technology (IT) companies have envisioned continuing the momentum of IT and IT-enabled services exports to various countries with increased government support, […]

IT exports rise on fair policies | The Express Tribune

LAHORE: Pakistan’s information technology exports rose 17% and reached $303 million in December 2023 against exports of $259 million in November, as the country’s IT experts and freelancers continued to make inroads into international markets. This is in line with increased focus of the government and growing calls from analysts to capitalise on the high […]

Kinnow exports projected to decline by 50% | The Express Tribune

KARACHI: The Kinnow industry is on the verge of collapse, with a projected 50% decline in exports and the closure of 50% of processing plants, warn leading exporters. Sharing a plethora of reasons with The Express Tribune, they highlight issues such as a shorter shelf life for Kinnow, lack of resistance to diseases, low-quality yield, […]

The dream of 200% growth in textile exports | The Express Tribune

KARACHI: Pakistan continues to grapple with the challenge of weak exports. This has had an adverse impact on the nation’s trade balance, current account, and foreign exchange reserves. The modest scale and sluggish growth of exports are major factors driving the country to frequently seek International Monetary Fund (IMF) bailouts. Pakistan’s export profile is not […]

Pakistan, Japan launch ambitious project to boost ICT exports | The Express Tribune

ISLAMABAD: The Federal Ministry of Information Technology and Telecommunication (MoITT), Pakistan, and the Japan International Cooperation Agency (JICA) have initiated an EAD-approved project focused on elevating Pakistan’s ICT industry exports to Japan and fostering partnerships between public and private entities. The formal Record of Discussions was signed by key representatives at MoITT on Friday, December […]

Pakistan IT exports could reach up to $10 billion under new policy: minister

Caretaker IT Minister Dr Umar Saif is addressing event at a local hotel in Islamabad on November 23, 2023. — Ministry of IT and Telecommunication Caretaker Minister for Information Technology and Telecommunications Dr Umar Saif has said Pakistan IT exports could reach up to $10 billion under the country’s first-ever IT Export Strategy. Speaking as […]

‘Freelancers can generate $10b in tech exports’ | The Express Tribune

KARACHI: In a bid to transform Pakistan into a thriving tech export hub, the Caretaker Federal IT and Telecommunication Minister, Dr Umar Saif, is spearheading an ambitious plan aimed at generating $10 billion in annual tech exports. The strategy hinges on enabling one million freelancers to earn $30 each daily, with the government providing the […]

$8b discrepancy unearthed in exports, imports | The Express Tribune

KARACHI: Pakistani traders have allegedly been found involved in discrepancies of over $8 billion through under-invoicing of imports and exports of goods to four major trading partners, causing significant foreign exchange losses, tax revenue losses and supporting financial transactions via the illegal Hawala-Hundi network. In letters to Finance Minister Shamshad Akhtar, the Pakistan Business Council […]

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