Pakistan hits its highest ever IT Exports in 6 months: Faisal Javed Khan

“Hopefully we’ll be able to cross $3.5 billion mark during this financial year”: Faisal Javed

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ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Senator Faisal Javed Khan on Sunday said that Pakistan hits its highest ever Information Technology (IT) Exports in 6 months.

In a tweet, he said that “our IT Exports during Fiscal Year 21-22 surged to $1.302 billion at the growth rate of 36% v/s $959 million during the same period of 2020-21”.

“Hopefully we’ll be able to cross $3.5 billion mark during this financial year”, he added.

Faisal Javed Khan who is also Chairman Senate Standing Committee on Information and Broadcasting said that Prime Minister Imran Khan’s focus is on increasing exports to stimulate economic growth. “We will inshaallah double our IT industry in 2 years”, he added.

He said that TechZones are being set-up to create employment, economic transformation & attract intl investors. “We are now the third-largest gig economy globally”, he added.

Adding to this, Minister of State for Information and Broadcasting Farrukh Habib on Sunday said the private sector got record loans under both the Temporary Economic Refinance Facility (TERF) and Long Term Financing Facility (LTFF) schemes of State Bank of Pakistan (SBP) during 2021.

“This is reflected in imports of modern machinery,” he said in a tweet along with a data chart showing highest ever purchase of machinery from abroad by private sector in the last one year.

The statistics showed the machinery imports during the last one decade.

Farrukh also lashed out at both the Pakistan Peoples Party and Pakistan Muslim League-Nawaz for ignoring private sector during their tenures.

Both the parties used to cover their losses during their tenures by ensuring massive print of rupee from the SBP, he said, adding there was nothing left for private sector to make investment.

 

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