For first time in history, Pakistan IT exports cross $2 billion

In a Tweet, Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood while congratulating the exporters revealed that “Our IT exporters have done it!! I want to congratulate our IT exporters for crossing the $2 billion export mark for the first time in our history.”

Our IT exporters have done it!! I want to congratulate our IT exporters for crossing the $2 billion export mark for the first time in our history. During FY 2021, IT export grew by 47.4% to USD 2.12 billion as compared to USD 1.44 billion in FY 2020.

— Abdul Razak Dawood (@razak_dawood) July 26, 2021

During Fiscal Year 2021, IT exports raised by 47.4 per cent to $2.12 billion as compared to $1.44 billion in FY 2020.

“I have always believed in the abilities of our IT professionals & entrepreneurs. You have done a remarkable job & I encourage you to market your exports even further to achieve more.” He tweeted. 

I have always believed in the abilities of our IT professionals & entrepreneurs. You have done a remarkable job & I encourage you to market your exports even further to achieve more. @mincompk@aliya_hamza #Pakistan #IT #Exports

— Abdul Razak Dawood (@razak_dawood) July 26, 2021

Pakistani workers, including freelancers, are already well-integrated into the global gig economy. In fact, at the global level, Pakistan is host to the third-largest number of freelancers working on the most popular web platforms for contractual jobs.

This allowed the country to capture the increase in global demand for ICT services during the period. The ministry of commerce facilitated enlisting more than 30 exporters on the world’s leading online marketplace, Amazon.com, on a trial basis.

This could potentially open a new avenue for Pakistan to increase its exports and create new employment opportunities locally. SBP's measures also contributed to a rise in the export of IT services.