ISLAMABAD: Pakistan’s information technology (IT) exports rose by nearly $300 million in the month of June, the country’s state minister for IT said on Friday, amid a push for the growth of IT sector.
Pakistan is trying to navigate a prolonged economic crisis by actively pursuing foreign investments and enhanced trade opportunities, while it has also reached a staff-level agreement with the International Monetary Fund (IMF) for a $7 billion loan.
Pakistan has lately encouraged its IT sector and facilitated collaboration with a number of countries, including Saudi Arabia, China and Qatar, to boost IT exports in the South Asian nation of 241 million.
“Pakistan’s export remittance of ICT services increased by $298 million in June 2024,” State Minister for IT Shaza Fatima said in a statement. “IT exports have increased by 32.44 percent compared to June last year.”
From July 2023 to June 2024, Pakistan’s IT exports reached $3.223 billion, compared to $2.596 billion in the same period of the previous financial year, according to the minister.
Government measures are in progress to increase IT exports of the country.
“Thanks to the government’s ease-of-doing-business measures, our IT exports are increasing,” she said.
“The IT industry is striving to increase IT exports with the full support of SIFC (Special Investment Facilitation Council), IT ministry, Pakistan Software Export Board.”
Pakistan IT exports increased by nearly $300 million in June amid growth push
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Pakistan IT exports increased by nearly $300 million in June amid growth push
- Pakistan is trying to navigate a prolonged economic crisis by actively pursuing foreign investments and enhanced trade opportunities
- It has lately encouraged its IT sector and facilitated collaboration with a number of nations, including Saudi Arabia, China and Qatar
Pakistan, Libya discuss defense and counterterrorism cooperation during army chief’s visit
- Military says Field Marshal Asim Munir met Libyan Commander-in-Chief Khalifa Belqasim Haftar during the visit
- Unlike several other states in the region, bilateral defense collaboration remains limited between the two countries
ISLAMABAD: Pakistan and Libya discussed enhancing defense cooperation, with a focus on training and counterterrorism partnership, during a visit by Pakistan’s Chief of Army Staff Field Marshal Asim Munir to the North African country, the military said in a statement on Thursday.
Pakistan and Libya established diplomatic relations in 1951, with ties particularly close during the era of former Libyan leader Muammar Qaddafi, when Tripoli positioned itself as a supporter of Muslim causes and developing countries, including
Pakistan. Relations have been more restrained since Libya’s political upheaval in 2011.
According to the military’s media wing, Inter-Services Public Relations (ISPR), Munir met Field Marshal Khalifa Belqasim Haftar, commander-in-chief of the Libyan Arab Armed Forces, and Lt. Gen. Saddam Khalifa Haftar, deputy commander-in-chief, during the visit.
“Both sides underscored the importance of collaboration in training, capacity building and counterterrorism domains,” ISPR said in a statement.
“Field Marshal Syed Asim Munir reaffirmed Pakistan’s commitment to strengthening defense ties with Libya, based on shared interests,” it added.
ISPR said Munir was accorded a guard of honor by a contingent of the Libyan Armed Forces on arrival and that the talks also covered matters of mutual interest, regional security dynamics and avenues for expanding military-to-military cooperation.
The Libyan military leadership appreciated the professionalism of the Pakistan armed forces and expressed a desire to expand defense cooperation between the two countries, the statement said.
Unlike Pakistan’s relations with some Gulf and Middle Eastern states, there is currently no significant defense or military cooperation between Islamabad and Tripoli, with engagement remaining limited amid Libya’s prolonged political instability.
