In April, Pakistan’s IT exports to Saudi Arabia totaled $310 million.

With investment-friendly policy actions, the Special Investment Facilitation Council (SIFC) has been instrumental in enhancing the growth of the IT sector during the past year.

With an annual growth in IT exports to Saudi Arabia of $100 million over the previous two years, the IT sector is poised to overtake all other export markets for Pakistan.

Additionally, the State Bank of Pakistan (SBP) has issued data showing that export receipts have climbed by 1% over the previous month and that IT exports have increased by 62% year over year.

From July to April of the current fiscal year, exports from the IT sector reached a record high of $2.59 billion, representing a 21 percent year-over-year gain over the same period last year.

Prior to this, Prime Minister (PM) Shehbaz Sharif gave the relevant agencies instructions to act quickly to boost Pakistan’s exports of IT.

As the prime minister presided over a review meeting of the Ministry of Telecommunications and Information Technology (IT), he gave the directions.

He stated, “Pakistan has a lot of potential in the field of information technology, which needs to be fully exploited,” and added that the tech sector may help the government stabilize the economy.

The contribution Pakistani business owners have made to the growth and advancement of the IT industry has been acknowledged by PM Shehbaz.

The Prime Minister gave the go-ahead to implement the necessary changes to raise the caliber of 4G services offered in the nation.