Growth in IT Remittances

  • Pakistan's growth rate of IT & ITeS exports has been the highest in South Asia during the last three years.
  • Pakistan's IT & ITeS export grew by 71% from June 2013 to June 2016, whereas India's exports grew at 40.6% and Sri Lanka’s at 19.9% during the same period.
  • During the FY 2016-17, Pakistan's IT & ITeS exports have grown at a faster pace than India and Sri Lanka. Pakistan’s growth rate during the FY 2016-17 was 16%, whereas India’s growth rate is 8% and Sri Lanka’s growth rate is 5%.

Success Stories

Investment Opportunities in IT Sector of Pakistan

To learn about any of the above opportunities, please contact PSEB at This email address is being protected from spambots. You need JavaScript enabled to view it.

Industry Whitepapers

Mobile, gaming & animation industry

Mobile, Gaming & Animation Industry Whether it is Babar Ahmed whose Mindstorm Studios created Cricket Revolution™ – the first PC game produced by a Pakistani gaming outfit to sell in retail stores internationally – and recently launched the official game of the ICC WorldCup 2011; brothers Rizwan and Irfan Virk whose GameView Studios created the successful Tap franchise and was recently acquired by Japanese social gaming giant DeNA; Hasan Rizvi whose Pepper.PK made history by developing two top-ranking paid BlackBerry applications at BlackBerry’s AppWorld store; Murad Akhtar who left Stanford and Silicon Valley to form Tintash, dedicated to creating innovative casual games designed for the iPhone, iPad, and Android platforms; or Umair Javed of TkXeL who prides himself in creating not one but two 100% "Made in Pakistan" mobile applications and gaming companies from a university lab in Lahore, Pakistan’s mobile, gaming, and animation scene is increasingly a hotbed of a new generation of exciting entrepreneurs seeking their fair share in the riches and prosperity of a new age of infotainment, and in the process making a point to the rest of the world.

Pakistan’s financial software industry

Pakistan’s IT industry that has been overtaken, only recently, by the boom in the telecommunications sector. Pakistan’s financial services technology industry is also quite diversified – both in terms of the geographical-market footprint, and the coverage of various sub-sectors – and has shown considerable resilience in the wake of the recent global financial crisis, whose impact has been particularly severe and prolonged on the developed financial markets in the United States and Europe.

From a market thrust standpoint, for instance, the financial services technology companies have been varied, and can be divided into three distinct streams:

• Focussed towards the developed world, especially the European Union (EU) and the United States (US)
• Focussed towards rest of the world, especially the Asia-Pacific (AP) region
• Focussed towards the emerging markets and developing countries in the Middle East and North Africa (MENA), including, Pakistan’s domestic market at home

In each of these markets, Pakistani IT companies face and respond to a different set of drivers, challenges, and opportunities commensurate with the level of maturity, regulatory needs, demands of the end consumer, and growth prospects.

Global healthcare

In 1997, Bilal Hashmat founded CureMD – a New York - based company – to provide IT solutions to the growing US healthcare market. The fi- company in the world to o- cloud - based services to the healthcare industry, CureMD today is one of the top-ranked healthcare IT providers in the United States. Kubair A. Shirazee’s Ikonami Ltd. recently concluded an acquisition of its very successful suite of learning, competence, and performance management products focussed on the UK healthcare industry by Radcli- Publishing Ltd., whose parent company, Electric Word plc, a specialist information publisher focussed on the healthcare vertical. With the product installed in 410 hospital trusts of the National Health Service (NHS), Ikonami Pakistan can pride itself on contribution to one of the largest healthcare providers in the world.



Pakistan Mobile Gaming and Animation Industry - An Industry Capability Profile.

Pakistan Financial Services IT Industry - A Snapshot - An Industry Capability Profile.

Powering Global Healthcare - Pakistan Healthcare IT Industry - An Industry Capability Profile.

Why Pakistan

Why Pakistan

 

Strategically-located in South Asia, Pakistan is at the crossroads between East and West Asia. Pakistan's geographical location, a rapidly expanding transportation and communications infrastructure, and conducive business environment make it an investor-friendly destination.

The Government of Pakistan has a streamlined government regulatory process and one of the most attractive incentives program for IT & ITeS investment in the region:

- Zero income tax on IT & ITeS exports till June 2025.

- Zero Income tax for PSEB registered IT start-ups (3 years).

- 100% foreign ownership of IT & ITeS companies.

- 100% repatriation of profits to foreign IT & ITeS investors.

- Tax holiday for venture capital funds till 2024.

- Up to 70% on annual operational expenses by investing in IT & ITeS sector in Pakistan. On average, the annual cost for a software engineer in Pakistan is one fifth of the cost in USA and Europe.

- Accelerated depreciation of 30% on computer equipment.

- Provision of low rent space in Software Technology Parks (STPs), with fiber-optic connectivity

Pakistan has more than 15 IT parks with IT-enabled infrastructure with more being planned in future.

Pakistan has more than 2,500 IT & ITeS-BPO companies out of which 110 are certified in quality standards such as ISO 9001 and ISO 27001 and 22 are certified in Carnegie Mellon’s CMMI standard. This guarantees the quality of their software development processes and products.

Pakistan has more than 550 call centers with expertise in both inbound and outbound calling including technical support and telemarketing.

Pakistan has more than 300,000 English-speaking IT & ITeS-BPO professionals and graduates and this pool is growing every year.

Many international IT firms have established offices in Pakistan including IBM®, Intel®, Cisco®, Microsoft®, Oracle®, SAP®, Teradata®, Mentor Graphics®, Bentley®, S&P Global®, Ciklum® and many more indicating strong confidence of the international players on the competence of the Pakistan's IT & ITeS-BPO workforce and encouraging investment policies of the government.

Pakistani IT companies have world's largest companies amongst their clients including Halliburton®, Motorola®, GE®, BMW®, Toyota®, Daimler Chrysler®, AT&T®, Vodafone®, e-Bay®, Pepsi®, Deutsche Telecom®, DHL®, KPMG®, ABN Amro®, NYSE®, British Petroleum®, Petronas®, Caltex®, Sears®, Telenor®, and many more.

Pakistani IT companies have received recognition and awards at International events such as Asia Pacific Information and Communication Technology Awards (APICTA). Since 2010, more than 20 Pakistani IT companies have won gold or silver awards at APICTA in different categories including e-learning, e-health, e-government, security, supply chain management, communications, and financial applications. This is a testament to the immense IT potential of Pakistan.

With 3G/4G service, over 85% of telecommunication infrastructure on fiber-optic cables and internet access in over 2,000 cities/towns across Pakistan, now is the right time for foreign and local investors to consider investing in the lucrative IT & ITeS-BPO sector of Pakistan to generate high ROIs.

Tremendous investments opportunities are available, such as company acquisitions and mergers, high growth IT startups, venture capital funds, IT parks, software research & development centers, BPO centers, technology incubators, gaming and animation studios, IT global consulting centers, data centers, and contact centers.

For IT outsourcing and investment opportunities,
Email
This email address is being protected from spambots. You need JavaScript enabled to view it.
Call +92-51-111-333-666.

Call +92-51-111-333-666.

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