Software and Telecom exports to be $6 billion by 2020

Arfa Software Technology Park

The Ministry of Information Technology and Telecom (MOITT) has projected the software and telecom exports to be $6 billion by 2020 in the National IT Policy Draft 2016.

MOITT has completed the consultation process about the draft and published it on the website for views, comments and feedback. The draft policy is expected to be submitted to Economic Coordination Committee (ECC) next month for approval.

According to SBP, IT sector earned $560 million in FY 2015-16 while analysts estimate the real figure to be $2 billion. The annual revenues from freelancing and the domestic markets are $90-100 and $300 million respectively. The mobile companies represent a huge market with total imports of Rs. 73.224 billion for the FY 14-15.

Pakistan has the 4th largest base of freelance IT Professionals as the rankings of world’s most reputed freelance markets show. MOITT established Pakistan Software Export Board (PSEB) to ensure sustainable growth of Pakistan IT industry. Pakistan has more than 2000 software houses and 14 Software Technology parks. Pakistan’s IT exports have grown by more than 11 times over the last decade, growing to about 30 to 40 percent every year.

The key imperatives of IT policy are sectoral digitization, cross-sector collaboration, IT sector sustainability, entrepreneurship and innovation, infrastructure development, cloud computing and big data, cyber security and ICT education. The vision of policy is,

“To become a strategic enabler, by making the full use of ICT, for an accelerated digitization ecosystem, aiming to expand knowledge-based economy and drive socio-economic growth”

Goals of IT Policy

  • To double the IT exports by 2020.
  • To set-up at least one software technology park in each major city of Pakistan by 2020.
  • Triple the 2015 value of e-commerce by 2020.

The IT policy will concentrate on the areas like legislative framework, human resource development, e-Governance, e-Agriculture, e-Education, e-Energy and e-Commerce and innovative infrastructure development. Also, it will focus on emerging trends like mobile apps, Internet of Things (IoT), focus on moving up in global IT chain, encourage local and foreign businesses to invest in the software industry, cyber security and providing ICT education in all institutes of Pakistan.

IT sector is one of the most dynamic and crucial sectors and so all necessary measures will be taken to formulate a feasible ‘Action Plan’ and then take steps to implement it countrywide.

The post Software and Telecom exports to be $6 billion by 2020 appeared first on TechJuice.



~ Shop by Category ~


Mens Fashion in Pakistan  Mens Latest Fashion in Pakistan  Mens Fashion Accessories Online Shopping in Pakistan  Mens Belts Online Shopping in Pakistan  Cufflinks Online Shopping in Pakistan  Mens Perfumes Online Shopping in Pakistan  Mens Sunglasses Online Shopping in Pakistan  Mens Wallets Online Shopping in Pakistan  Mens Watches Online Shopping in Pakistan  Mens Clothing Online Shopping in Pakistan Mens Wester Clothing Online Shopping in Pakistan  Export Stock Lot & Export Leftover in Pakistan  Mens Winter Collection 2019-2020  Mens Hoodies & Jackets Online Shopping in Pakistan  Mens Jeans Online Shopping in Pakistan  Mens Pants Online Shopping in Pakistan  Mens Shirts Online Shopping in Pakistan  Mens T-shirts Online Shopping in Pakistan  Mens Pakistani Clothing Online Shopping in Pakistan  Mens Nightwear & Undergarments Online Shopping in Pakistan  Mens Bathrobe Online Shopping in Pakistan  Mens Nightwear Online Shopping in Pakistan  Mens Pajamas Online Shopping in Pakistan  Mens Undergarments Online Shopping in Pakistan
Ladies Fashion Online Shopping in Pakistan  Ladies Latest Fashion Online Shopping in Pakistan  Womens Accessories Online Shopping in Pakistan  Ladies Handbags & Purses Online Shopping in PakistanLadies Perfumes Online Shopping in Pakistan  Ladies Sunglasses Online Shopping in Pakistan  Ladies Watches Online Shopping in Pakistan  Ladies Clothing Online Shopping in Pakistan  Pakistani Dresses Online Shopping in Pakistan  Pakistani Dresses Latest Designs & New Arrival  2018 Collection Pakistani Dresses in Pakistan  2019 Collection Pakistani Dresses Designs  Abaya & Hijab Online Shopping in Pakistan  Ladies Kurti Online Shopping in Pakistan  Original Dresses Online Shopping in Pakistan  Replica Dresses Online Shopping in Pakistan  Stitched Dresses Online Shopping in Pakistan  Unstitched Dresses Online Shopping in Pakistan  Bridal Dresses Online Shopping in Pakistan  Designer Dresses Online Shopping in Pakistan  Eid Collection Pakistani Dresses 2019-2020  Engagement Dresses Online Shopping in Pakistan  Mehandi Dresses Online Shopping in Pakistan  Nikah Dresses Online Shopping in Pakistan  Party Dresses Online Shopping in Pakistan  Walima Dresses Online Shopping in Pakistan  Wedding Dresses Online Shopping in Pakistan  Chiffon Dresses Online Shopping in Pakistan  Embroidered Dresses Online Shopping in Pakistan  Lawn Dresses Online Shopping in Pakistan  Linen Dresses Online Shopping in Pakistan  Net Dresses Online Shopping in Pakistan  Satin Dresses Online Shopping in Pakistan  Silk Dresses Online Shopping in Pakistan  Velvet Dresses Online Shopping in Pakistan  Indian Dresses Online Shopping in Pakistan  Ladies Summer Collection Pakistani Dresses 2019-2020  Ladies Winter Collection Online Shopping in Pakistan  Lingerie Online Shopping in Pakistan  Lingerie New Arrival 2019-2020 Collection  Ladies Bathrobe Online Shopping in Pakistan  Bikini Online Shopping in Pakistan  Bra Online Shopping in Pakistan  Bra Panty Sets Online Shopping in Pakistan  Panty & Thongs Online Shopping in Pakistan Bra by Color  Bra by Size  Bra by Types - Types of Bra  Body Shaper Online Shopping in Pakistan  Camisole Online Shopping in Pakistan  Sexy Lingerie Online Shopping in Pakistan  Nightwear Online Shopping in Pakistan  Nighty Online Shopping in Pakistan  Bridal Nighty Sets Online Shopping in Pakistan  Body Stocking & Leg Stocking Online Shopping in Pakistan  Tights Online Shopping in Pakistan  Ladies Undergarments Online Shopping in Pakistan