Over the past two years, Pakistan’s IT exports to Saudi Arabia have annually increased by $100 million, reaching a record high of $310 million in April 2024. This consistent growth indicates the potential for Saudi Arabia to become Pakistan’s leading destination for IT exports.
Notable IT exporter Noman Said emphasized the transformative impact of the IT industry on Pakistan’s economy, highlighting its substantial trade surplus and its ability to attract foreign direct investment from Saudi Arabia. Key factors contributing to this growth include the support provided by the Special Investment Facilitation Council and initiatives by industry groups like P@SHA to promote the IT sector.
The expansion in IT exports underscores Pakistan’s technology sector’s potential to stimulate economic growth, generate employment opportunities, and strengthen economic ties with Saudi Arabia. It also reflects the high quality and competitiveness of Pakistani IT services on the global stage.
As IT exports continue to rise, Pakistan stands to benefit from increased foreign investment and enhanced trade relations, laying the groundwork for a more prosperous future.
