“All necessary support for IT companies to invest in Pakistan”

The Special Investment Facilitation Council is facilitating investment in varied sectors, she stated while speaking to a delegation of Swedish companies in Islamabad today.

State Minister: The current administration places great emphasis on economic digitization. The digitization of the Federal Board of Revenue, according to her, has already begun.

She stated that the prime minister will serve as the commission’s head and the four provinces will each have a representative on the commission.

For the first ten months of the current fiscal year 2023–24, Pakistan made US $2.593 billion by offering various Information Technology (IT) services to different nations.

According to the Pakistan Bureau of Statistics (PBS), this indicates a gain of 20.41 percent when compared to the US $2.135 billion received through the provision of services during the corresponding months of the previous fiscal year 2022–2023–23.

From US $1.729 billion in July of last year to US $2.153 billion in July through April of 2023–24, the export increased by 24.55% over the reviewing months.

The export of computer services saw a rise of 10.80% in software consultation services, from US$ 633.107 million to US$ 701.456 million this year, and a 19.24% growth in hardware consultancy services, from US$ 4.793 million to US$ 5.715 million.