IT & ITes

Sector Brief

  • The 4th Industrial Revolution is currently taking place and it is digital. The actual size of the 2016 digital economy was $11.5 trillion globally, which was 15.5% of the global GDP. The base digital assets comprise one-third, or $3.8 trillion, while digital spillover effects account for the remaining two-thirds, $7.5 trillion
  • Pakistan, which has about 60% of its 200 million population in the 15 to 29 age group, represents an enormous human and knowledge capital. Pakistan has more than 2000 IT companies & call centers and the number is growing every year. Pakistan has more than 300,000 English-speaking IT professionals with expertise in current and emerging IT products and technologies, 13 Software technology parks, More than 20,000 IT graduates and engineers are being produced each year coupled with a rising startup culture.
  • In accordance with Pakistan Vision 2025 and the Digital policy of Pakistan 2018, the ICT industry size is targeted to reach $20 billion by 2025.

Highlight

  • 4th Industrial Revolution worth $11.5 trillion globally
  • +100% Growth in the value of the IT sector to a $3.5 billion
  • $1.06b IT exports record, highest in FY 17-18. 30% year

Opportunities

Rising software exports

IT exports were recorded to be the highest in the history at $1.067 billion in the fiscal year 2017-18

Broadband Penetration

Internet penetration increasing from 2% to close to 30% in the past 4 years

Demand in the Intl market

Pakistan was ranked at number four for freelance development in the world.

Significant Railway Network

1,50,000 IT professionals available in the market

Growth Drivers

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  • Pakistan’s IT exports have increased 70% during the last three years
  • Zero income tax on IT & ITeS exports
  • Open investment policy
  • Zero Income tax for PSEB registered IT start-ups
  • 100% foreign ownership of IT & ITeS companies
  • 100% repatriation of profits to foreign IT & ITeS investors
  • Tax holiday for venture capital funds till 2024.

Sector Objective

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Areas to invest

  • M-Commerce

  • E-Commerce

  • Incubation Centers

  • Software Houses

  • IT Parks

Major Investors

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Key information

(Vision 2025, Annual 18-19 Plan & 11th Five Year Plan (2013-18)

  • Logistics and transport investments are being supported through the China Pakistan Economic Corridors () programme.
  • Development of modern and efficient trade facilitation and logistics services.
  • Maximising the support of the ports to external trade by reducing ports and ship handling charges, and developing port facilities that allow all types of ships to call at the country’s ports
  • AImprove transport and communication by constructing national trade corridors and provide mass transit facilities in all major cities.