Pakistans information technology exports had gone up to $2.6 billion which were less than $1 billion in 2020.
The alarming level of foreign exchange reserves have been big problem for Pakistan for the last couple of years, causing the reduction or even ban on imports which resulted the sluggish movement of industrial activities in the country.
As the industries which needed imported raw material could not continue their activities hence the factories in general and export oriented factories in particular reduced their production to great extent.
The reduced exports affected the reduction in the inflow of foreign exchange. In the critical situation, government found it highly feasible to bank upon enhancing the IT exports.
Federal Minister for Information technology and Telecom, Syed Aminul Haque said that Pakistans information technology exports had gone up to $2.6 billion which were less than $1 billion in 2020.
Addressing the MoU signing ceremony for establishment of health incubator and a science and technology park at the International Centre for Chemical and Biological Science (ICCBS), University of Karachi, he told that investment of $7.1 billion which was done in telecommunication sector also caused earning through telecom industry which was highly encouraging.