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 concludes 60-hour joint military exercise featuring 19 states, including Saudi Arabia, US
- Exercise also featured participation from Turkiye, Uzbekistan, Bangladesh, Egypt, Jordan and Qatar, says military’s media wing
- Says exercise is designed to enhance professional military skills through exchange of innovative ideas, tactical experiences
ISLAMABAD: A 60-hour-long joint military exercise organized by Pakistan’s army concluded this week at the eastern city of Kharian, featuring participation from 19 countries including Saudi Arabia and the US, the military’s media wing said.
The 9th International Pakistan Army Team Spirit (PATS) Competition is a 60-hour-long patrolling exercise, which the Pakistani military says is designed to enhance professional military skills through the exchange of innovative ideas, tactical experiences and best practices among participating teams.
The exercise was held from Feb. 5-9 in the semi-mountainous terrains of Pakistan’s eastern Punjab province, providing participants a “realistic and challenging operational environment.” Pakistan’s Chief of Defense Forces (CDF) Field Marshal Syed Asim Munir attended the closing ceremony of the exercise on Monday and presented awards to participants.
“Over the years, PATS has evolved into a prestigious and highly competitive military exercise, recognized for promoting professional excellence and mutual learning among participating nations,” the Inter-Services Public Relations (ISPR), the military’s media wing, said in a statement.
“The forum continues to strengthen military-to-military cooperation and understanding, while fostering camaraderie and team spirit in a demanding operational setting.”
This year’s exercise featured participants from 19 countries including Saudi Arabia, Bahrain, Bangladesh, Belarus, Egypt, Iraq, Jordan, Malaysia, Maldives, Morocco, Nepal, Qatar, Sri Lanka, Turkiye, USA and Uzbekistan, the ISPR said.
Indonesia, Myanmar and Thailand attended the exercise as observers while 16 domestic teams from the Pakistan Army and Pakistan Navy, along with observers from the Pakistan Air Force also participated in the event.
Munir appreciated participating teams for their “exceptional professionalism, physical and mental endurance, operational competence and high morale” displayed during the exercise, the military’s media wing said.
“He emphasized the importance of such multinational engagements in enhancing collective preparedness and adapting to the evolving character of modern warfare,” the ISPR added.
Pakistan routinely holds joint air, ground and sea exercises with regional countries and traditional allies to foster interoperability to counter threats to global peace.
