Pakistan’s IT exports are expected to exceed $3 billion this year: Amin-ul-Haque

Syed Amin-ul-Haque, the Federal Minister for Information Technology and Telecommunications, stated on Monday that Pakistan will surpass the $3 billion target for IT exports this year as a result of efforts taken by his ministry to enhance the industry’s growth, according to APP.

During a ceremony at the Lahore University of Management Sciences (LUMS), the minister made the remarks .

He said that the country’s IT exports had surpassed $2.1 billion as a result of Pakistan’s welcoming investment climate.

According to the minister, Pakistani start-up investments have increased by about fivefold since 2020, and the IT ministry has been offering local and worldwide networking platforms to start-ups through Ignite, the national technology fund.

He claimed that the effort has aided start-ups in pitching their products and ideas to potential customers and investors.

Haque argued that technology should play a role in the government’s objective to expand Pakistan’s entrepreneurship ecosystem.

He went on to say that National Incubation Centers (NIC) in Islamabad, Lahore, Peshawar, Karachi, and Quetta help students develop ideas that promote and support investment infrastructure in Pakistan.

“The newly established incubation centers of Hyderabad and Faisalabad would help us expand and tap into the potential of Sindh and Punjab, we wish to provide the youth with a forum to bring your ideas into reality” he added.