Pakistan eyes $6bn IT exports by 2020

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The government and the Pakistan Software Export Board (PSEB) are aiming to cross $6 billion in information technology exports by 2020, said State Minister of IT and Telecom Anusha Rehman Khan.

Talking to media after inauguration of the National Incubation Center the minister said that the goal of $6 billion of IT exports and IT enabled services will be achieved by registering new companies and getting them documented and by creating new opportunities for entrepreneurs and companies to develop new products and services for export purposes.

“The National Incubation Center inaugurated in the federal capital alone is going to harbor and prepare 40 startups every year,” said Anusha Rehman.

The minister said that the PSEB increased the documented IT exports by 49% since 2013, just by reorganising the processes, i.e., by registering more companies and including their numbers in the national IT export bill.

Currently the IT exports of Pakistan stand at $2.8 billion, up from $1.4 billion recorded in 2013.