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

Pakistan Information Technology (IT) exports have crossed $2 billion mark for the first time in the history of the country.

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For first time in history, Pakistan IT exports cross $2 billion
GNN Media: Representational Photo

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.”

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. 

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.

Fateh Farooq is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Fateh Farooq is nothing less than a Veteran Editor and has been writing for GNN for the past 7 months.

Pakistan

Pakistan's COVID-19 positivity rate drops to 4.22%

Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

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Pakistan's COVID-19 positivity rate drops to 4.22%

Islamabad: Pakistan's coronavirus positivity ratio decreased to 4.22% from more than 11% a couple of weeks ago.

Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

According to National Command and Operations Center (NCOC), around 2,167 cases of coronavirus were reported while 40 people succumbed to the disease in the last 24 hours, taking the total death toll to 27,246. The daily Covid-19 positivity rate in Pakistan is at 4.22%.

The total number of cases has reached 1,226,008.

As many as 1,135,038 patients have recovered from the disease with 4,840 critical cases.

Punjab             

The number of patients swelled to 422,790 in the province with 12,407 causalities.

Sindh

The number of infections has surged to 450,787 in the province, while the death toll has reached 7,270.

Khyber Pakhtunkhwa

The confirmed cases have surged to 171,388 in the province with 5,412 casualties.

Balochistan

There are 32,769 confirmed cases while 344 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 33,787 coronavirus cases in the AJK while the death toll has reached 729. On the other hand, there are 10,245 cases in GB with 182 coronavirus deaths.

Islamabad

There are 104,242 cases in the capital city while 902 people have lost their lives

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Regional

New island emerges near Balochistan’s Kund Malir beach

A new island have popped up near Sonmiani beach of Balochistan— discovered by the fishermen sailing along the coast on Thursday.

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New island emerges near Balochistan’s Kund Malir beach

The technical advisor on marine fisheries at World Wild Fund (WWF), Muhammad Moazzam Khan said that the new island appeared in west off the coast of Sonmiani near Kund Malir.

“Such phenomena occurs due to geographical changes within the ocean depths,” he said adding that these kind of small islands emerge, remain in place for a while and then diminish back into the waters.

It is pertinent mention here that such Islands had earlier emerged at the same location in 2000 and 2010.

The first known emergence, during November 1945, was concurrent with an earthquake of magnitude 8.0.

The 2nd and 3rd emergences were in March 1999 and November 2010 respectively.

In 2013, an island emerged off Gwadar coast after a powerful 7.7 magnitude earthquake struck Pakistan. However, the island disappeared after some time.

Landsat images of March 1999 and November 2010 emergences indicate appearance of round-shaped island of 4.4 and 5.2 hectare area, followed by erosion and disappearance. The island was composed of mud breccias and circular vents spewing mud slurry and methane gas.

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Pakistan

Pakistan's COVID-19 death toll crosses 27,000 mark

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

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Pakistan's COVID-19 death toll crosses 27,000 mark

According to National Command and Operations Center (NCOC), around 3,012 cases of coronavirus were reported while 66 people succumbed to the disease in the last 24 hours, taking the total death toll to 27,004.

The total number of cases has reached 1,215,821.

As many as 1,112,236 patients have recovered from the disease with 5,039 critical cases.

Punjab               

The number of patients swelled to 418,196 in the province with 12,319 causalities.

Sindh

The number of infections has surged to 447,678 in the province, while the death toll has reached 7,210.

Khyber Pakhtunkhwa

The confirmed cases have surged to 169,972 in the province with 5,329 casualties.

Balochistan

There are 32,671 confirmed cases while 344 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 33,551 coronavirus cases in the AJK while the death toll has reached 727. On the other hand, there are 10,204 cases in GB with 182 coronavirus deaths.

Islamabad

There are 103,549 cases in the capital city while 893 people have lost their lives.

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