5 reasons why IT/ITES is one of the firmly growing sectors in Pakistan
Pakistan has an exceeding talent of 300,000 English-speaking IT/ITES professionals with command in current and transpires IT products and technology. You might find it engaging, in consonance with the Global gig economic index 2019 Pakistan is placed as the 4th trendy country for freelancing in the world. It elucidates why many usual companies have the manpower in Pakistan. Truth be told, Pakistan is the place where you can hire the most reasonable, cost-saving, and reliable IT specialists for your projects with the same IT service quality and caliber as in other countries
1: Statistics And Industry Growth In Pakistan:
Pakistan has about 64% of its 220.9 million population in the 15 to 29 age group and has over 2000+ IT companies. Pakistan produces more than 20000 IT graduates, and engineers yearly. There are many factors that are responsible for the growth of the IT/ITES industry in Pakistan but here I am presenting the two important features.
1 Collaboration with foreign countries.
2 Coming up with special economic zones. (SEZ)
Pakistan’s IT/ITES sector revenue reaches 4.1 billion USD from 2018 to 2019 and experts anticipate it to grow a further 100% in the upcoming two to four years to 7 billion dollars.
2: Quality Services:
Pakistan provides sterling services across the world and it is also considered the 5th financially attractive country AT.kearny’s Global service location index 2019. Pakistan is exporting services to 120 plus countries and has many clients amongst the 500 hundred fortune companies including Halliburton, BMW, Toyota, Pepsi, Daimler, Deutsche Telekom, Motorola, and many more. Outsourcing in Pakistan has skyrocketed in a few years, from all over the world companies have outsourced their projects to IT specialists in Pakistan
3: Lingua Franca:
English is the dominant business language, in other words, it is the language of trade. Pakistan is placed third on the list of English-speaking countries. IT specialists in Pakistan can cooperate and collaborate with international clients without any problem
4: Cost-Effectiveness And Time Zone :
Amongst the best IT outsourcing regions, Pakistan has its place on the top. It is an attractive market because of its low-cost ratio and punctuality in addition to that companies from all over Europe, the USA, and Canada can get the same quality of products and services as other countries are providing. Time zone also favors the exports of services and business process outsourcing. Pakistan IT specialists easily adopt the latest technologies which are why many foreign companies prefer to outsource their projects to Pakistan. Our IT exports have increased 70% during the last three years due to zero income tax on IT and ITES. Pakistan is a business-friendly country that offers 100% ownership of equity
5: Evolution Of The Industry And Competent Youth:
The quick increase in the number of students opting for the field of Information technology is promising. Companies employ hundreds of professionals in different areas such as Telecommunication, Health care, Banking Education e.t.c. The curriculum has been significantly updated to provide a better understanding to all those interested. The youth in this field are fast learners and have the capacity to utilize complicated technologies and develop organized and useful software solutions. Young people are bringing Pakistan to its full development potential and making it a center of technological innovations.
Pakistan has a reputation for providing offshore services. The IT/ITES industry has a well-developed and organized infrastructure with well-settled fiber optics and the availability of 4G and 5G connections.
Pakistan is the future hub of tech outsourcing because of its stunning performance in the last few years. Any company in the world wants to make a profit. Pakistan is the best place to outsource their projects.
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