IT exports surge by 23% in Q3FY2025
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Pakistan's IT sector maintained its handsome export growth, showing an increase of 23% year-on-year by the end of the third quarter of the current financial year as compared to the corresponding period of the last financial year.
According to the statistics updated by the State Bank of Pakistan (SBP), export receipts of IT and IT-enabled services surged to $2.828 billion during the period of January to March as compared to $2.284 billion reported in a similar period of the last financial year.
Mehwish Salman Ali, an IT exporter and CEO of Datavault, said that the IT sector maintained its export growth gradually due to the aggressive strategy of the Ministry of IT and Telecommunication (MoITT) to promote an export-oriented policy.
She said that IT companies in Pakistan are now focusing on enhancing exports to traditional markets of the North American and European regions as well as emerging markets, including the Kingdom of Saudi Arabia, the United Arab Emirates, and other GCC countries to attract new buyers and export orders.
Pakistan IT companies should concentrate on emerging technologies to book big-ticket orders across the globe through collaboration and joint ventures with national and foreign companies, she added.
The government took a few steps to facilitate IT exports a few months ago, which resulted in growth in inflows of monthly export values. In March 2025, export receipts of IT and IT-enabled services surged to $342 million as compared to $305 million reported in the previous month of February 2025.
Saad Shah, an IT exporter and CEO of Hexalyze, said that Pakistani IT companies should diversify their exports to the emerging markets of the GCC and ASEAN regions with immense potential to attract business in automation, enterprise resource planning, artificial intelligence, fintech, gaming, cybersecurity, and etc.
Pakistan should penetrate the GCC markets, mainly the KSA and UAE, as the group of companies having multiple strengths and expertise under one umbrella to share export orders of state-owned companies and major private conglomerates.
Besides, IT companies should invest in human resources within Pakistan and GCC countries to meet the requirements of foreign clients, he added.
It is pertinent to mention Pakistan made its stellar presence in LEAP 2025 held in Riyadh with more than 100 companies showcasing their products, services, and solutions. The Pakistani IT industry also set a target to double its exports to the KSA to $50 million on an annual basis.
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