Pakistan’s IT Exports To Surpass $3billion This Year

ISLAMABAD: Minister for IT & Telecommunications Syed Amin-Ul-Haque on Monday said that Pakistan would surpass $3 billion IT exports target this year due to export boosting steps taken by the ministry.

Addressing a graduation ceremony held at incubation centre of Lahore University of Management Sciences (LUMS), he said country’s IT exports had crossed $2.1 billion due to congenial investment atmosphere provided in Pakistan.

He said that the investments of Pakistani start-ups grew by almost five times as compare to 2020 and MOITT through Ignite have been providing both local and international networking platforms to our start-ups to pitch their business ideas and products to potential customers and investors, said a message received here.

Minister for IT and Telecommunication, Syed Amin Ul Haque advocated for the role of technology in the government’s mission to grow the entrepreneurial ecosystem of Pakistan.

Syed Amin-Ul-Haque further said that National Incubation Centers (NIC) in Islamabad, Lahore, Peshawar, Karachi and Quetta has not only facilitated many like you to work and build on ideas which promote and encourage the investment infrastructure in Pakistan but also towards an accelerated economy.

These National Incubation Centers were the platform and Ministry was the facilitator.

“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 of a fora to bring your ideas into reality” he added.

LUMS, Vice Chancellor, Dr. Arshad Ahmad, Ignite CEO, Asim Shahryar Husain, NITB Executive Director and Board of Ignite Chairman, Syed Husnain Abbas Kazmi other official were present at the occasion.

Minister was introduced to NIC Lahore alumni and later visited the different parts of NIC including a state-of-the-art Makers Lab.

Ignite, CEO Asim Shahryar Husain, stated that Ignite would launch at least five more NICs in new cities of Pakistan.

NITB Executive Director & Ignite Board Chairman Syed Hussnain Abbas Kazmi in his address to the graduating start-ups encouraged the entrepreneurs to continue on the path of innovation and reaffirmed the support of the government in their endeavors.