Pakistan’s IT sector is expected to generate $7 billion in revenue

In the next two to four years, the information technology sector will earn up to $7 billion. On Sunday, the Board of Investment hosted an Investment Promotion seminar to educate international investors about Pakistan’s investment policies and prospects.

The focus of the event was on investment potential in Pakistan’s education and innovative technology industries.

The government has made income from the IT sector tax-free until 2025, according to Fareena Mazhar of ‘The News,’ so Pakistan’s high-profit margins and business-friendly environment can be compared to other regions of the world.

Read more: Govt to promote IT sector with 5G spectrum, fiberization as key areas

Fareena Mazhar, Secretary Board of Investment Pakistan, indicated in a lecture given at the Pakistan Pavilion at Dubai Expo 2020 that the Information Technology sector would generate Pakistan $7 billion in the next two to four years.

According to Fareena Mazhar, “More than 70 investment projects are being shown and displayed in Pakistan Pavilion, Dubai Expo 2020 to attract foreign investment,”

The secretary told the audience that Pakistan’s Information Technology sector is one of the fastest-growing in the world, accounting for nearly 1% of the country’s GDP ($3.5 billion).

The seminar drew a large number of foreign investors and Pakistanis living abroad, all of whom were interested in the country’s current potential.

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