IT Industry of Pakistan: Complete Information About it in 2022
As Per the Economic Survey of Pakistan (2020-2021), IT and related services have the highest compound annual growth rate in the region at 18.85 percent.
IT industry of Pakistan Growth Records at $2.6 Billion in the Fiscal Year of 2021-2022.
Furthermore, independent consultants, freelancers and micro-enterprises, contributed around $500 million to IT and Information Technology Enabled Services (ITES) exports, with annual domestic revenue Surpassing $1 billion.
According to the survey, from July to February of the current fiscal year, IT export revenues in sectors such as telecommunications and computer IT services increased by 41.39 percent to $1.29 billion, up from $918 million during the same time in the Fiscal Year 2020.
IT exports of Pakistan from July to March of Fiscal Year 2022 were at $1.948 billion.
According to State Bank of Pakistan figures, Pakistan’s IT exports surged by 47.4% during the fiscal year 2020-2021, crossing the $2b mark for the first time in the country’s history.
During the 2019-2020 Fiscal Year IT Industry of Pakistan exports were at $1.11 Billion.
IT/ITeS firms and freelancers can maintain 100 percent of revenue received via proper banking channels in their Foreign Currency Accounts (FCY) accounts without having to convert them to rupees.
Additionally, for Pakistan Software Export Board-registered freelancers, and IT companies outward transactions from FCY accounts are unrestricted.
Read Also: There is Currently no Google office in Pakistan
Pakistan has an IT industry which contributes over 1% of Pakistan’s GDP and employs hundreds of thousands of people in various fields like education, telecommunications, banking, healthcare, and so on.
Pakistan was recognised by Google in 2018 for quickly transforming into a “digital-first country.” Currently, Pakistan Ranks Number 4th in the Top 10 Countries of Freelancers Globally.
IT industry of Pakistan has grown in prominence in recent years. According to a survey, the number of internet users in Pakistan has increased by 22 million (35 %), to a total of 192 million.
The number of 3G and 4G subscribers has surpassed 114 million, while broadband users exceed 117 million.
Pakistan is already home to a number of colossal IT businesses, like Careem, Daraz, and Airlift. The recent acquisition of Daraz and Easypaisa by Chinese giant Ali Baba demonstrates the importance of attracting business and investment to Pakistan.
Because of strong government backing, skilled entrepreneurs, and a talented workforce, Pakistan’s IT industry has been a shining star in the country’s economy, with solid year-on-year growth.
Which City is the IT Hub of Pakistan
In recent years, Lahore has experienced a considerable expansion in information technology services. The city is presently known for having the largest information technology industry. The city has generated amazing IT industry brains in Silicon Valley USA, and soon Lahore will be known as Pakistan’s Silicon Valley.
IT Scope in Pakistan
In the struggle for success among other countries, it is one of the most important factors in our life, and we cannot survive without it. IT experts work in e-commerce, software engineering, website design and development, and information management on a digital level.
Information technology has had a significant impact on people’s lives. After graduating IT, you may easily get a job in any government or private sector, or you can also get a job by completing some short IT courses in Pakistan.
IT Companies in Pakistan
According to a report issued by the Ministry of information technology and Telecommunications in June 2020 Pakistan Has More Than 2372 IT Companies Registered
Here is The List of Some of the Top IT Companies in Pakistan.
1. NETSOL Technologies
Najeebullah Ghauri founded NETSOL in 1997, and the company currently has operations in California, London, Sydney, Beijing, Shanghai, Bangkok, Jakarta, and Lahore. The majority of the company’s employees are Pakistanis.
NETSOL Technologies is a leading name in the provision of innovative IT solutions to the asset financing and leasing industries. Their solutions make it possible for automobile, equipment, and large-ticket finance companies to easily run their retail and wholesale company operations.
2. Arpatech
Arpatech, an ISO-certified company, was started in 2003 and presently employs more than 250 workers. The company has offices in Karachi, Lahore, and Islamabad, as well as offshore branches in the United States, the United Kingdom, and the United Arab Emirates.
Arpatch offers a wide range of IT services, including website creation, e-commerce store development, app development, managed cloud hosting, digital marketing, and business intelligence. The company is also quite engaged in supporting local startups.
3. TRG Pakistan
TRG Pakistan, or The Resource Group Pakistan, is a renowned BPO (Business Process Outsourcing) service provider. Zia Chishti founded the company in 2002, and it now employs over 300 people at its headquarters in Karachi.
TRG Pakistan is a publicly listed information technology company in Pakistan. TRG International owns the company and is headquartered in Washington DC.
4. United Sol
United Sol, an award-winning company, is known as a pioneer in eCommerce development in Pakistan. Founded in 2005 with only three people, the company has shown its worth by launching several projects. United Sol is Pakistan’s largest Magento eCommerce developer. It is also ranked fifth for WooCommerce development.
United Sol has developed over 250 powerful Magento extensions, 100 PrestaShop modules, and 70+ WooCommerce plugins. Popular clients include Hyundai, Wallan, PitStopArabia, Gulf Central, and others. The headquarters of United Sol is in Islamabad, where more than 100 people are employed.
5. 10Pearls
Imran and Zeeshan Aftab, brothers, launched 10Pearls in 2004. It has expanded rapidly in less than two decades, with offices in Washington, DC, Toronto, London, Islamabad Lahore, and Karachi. PayPal, Coca-Cola, the IRS, and AARP are among their clients.
10Pearls is another leading IT company in Pakistan that collaborates with businesses to develop and design digital products to help them grow. transportation, technology, real estate, finance, education, and Healthcare are among the industries served by the company. Data analysis, Cybersecurity, UX/UI design, and product development are among their primary competencies.
6. Systems Limited
SYSTEMS LIMITED employs more than 3500 people across Lahore, Karachi, Islamabad, Doha, and Dubai.
Systems Limited, founded in 1977, is Pakistan’s oldest IT business, offering consulting services, software solutions, data management and analytics, and BPO services to government and private organisations. They Provide Services to the retail, finance, telecommunications industries and CPG.
7. Ovex Technologies
They have offices in Islamabad and Lahore and employ more than 700 highly qualified workers. Their clients are situated in the USA.
Ovex Technologies, Pakistan’s largest BPO solutions provider, is unquestionably among the top IT companies in Pakistan. Ovex Tech, founded in 2009 initially as an outsourcing company, currently provides software solutions and data management services. Ovex Technologies offers Accounting outsourcing, IT outsourcing, HR outsourcing, and contact centre services.
8. Cubix
Cubix, headquartered in Karachi, is one of Pakistan’s top IT companies, providing blockchain development, game development, mobile app development, data services, web development, and MVP development.
9. VentureDive
VentureDive has created delivery management software that offers an online delivery option to pharmacies, grocery stores, restaurants, and flower shops. The company has locations in Karachi and Lahore.
10. Folio3
Folio3 describes itself as a software development partner for Fortune 500 companies, small businesses, and startups. Mobile development, digital marketing, eCommerce development, and a variety of other IT-related services are available from the organisation. In 15 years, they have extended across boundaries, with offices in the United States, United Kingdom, Canada, Australia, and the United Arab Emirates. They have two offices in Pakistan, one in Karachi and the other in Lahore.
Given these facts, it is reasonable to conclude that a collaborative effort by both the govt and the business community is necessary to boost the economy and exports through the use of information technology, with the key being to educate and support our youth in this sector.
