ISLAMABAD
Pakistan is on the path to becoming a tech hub, but to reach its full potential, the country must build a digital ecosystem that attracts investment and supports long-term growth in the tech sector. It is important to mention here that the country’s IT and IT-enabled services (ITeS) export remittances, including computer and call centre services, declined 4% to $286 million in July 2024 compared to $298 million in June 2024. However, a 33.6% year-on-year increase was witnessed in IT export remittances for July 2024, up from $214 million in July 2023. IT exports hit a record high of $3.223 billion in the fiscal year 2023-24, reflecting 24% growth compared to $2.596 billion in 2022-23. “Despite these promising figures, attracting substantial foreign investment requires more than skilled labour,” said Muhammad Wazir, former director to the minister of science and technology.
He said, “The real challenge is building an ecosystem that integrates modern infrastructure, policy reforms, and partnerships between tech firms and government institutions.”
