SIFC’s role vital for IT sector

Through investment-friendly policy efforts, the Special Investment Facilitation Council (SIFC) has been instrumental in enhancing the growth of the IT sector during the past year.
April of this year saw Pakistan’s IT exports to Saudi Arabia surpass $310 million, a noteworthy record and the greatest amount ever recorded in a single month.

Over the last two years, Pakistan’s IT exports to Saudi Arabia have increased by $100 million annually, positioning the IT sector to become the country’s largest export market.
Furthermore, as per data made public by the State Bank of Pakistan (SBP), export receipts have climbed by 1 percent from the previous month and IT exports have increased by 62 percent year-over-year.