ISLAMABAD -- “Pakistan IT industry is progressing rapidly at more than 50 % annually for each last four years, with many local IT companies winning huge contracts from domestic as well as international market.” PSEB (Pakistan Software Export Board) official said in a statement. According to figures released by SBP (State Bank of Pakistan) last year, a quantum annual increase of 61.18 percent has been registered in FY06-07 with IT exports of US $116 Million against the previous year's US$72 million.

Many companies are successful in obtaining huge domestic as well as international businesses contracts and venture capital from foreign investors. Vopium, for example, a Lahore based company has recently gained venture capital worth USD 6.75 million from Enex Group SA., Luxembourg. The company’s software allows saving of 40-90% when making international calls or sending SMS from mobile phones. Another recent example of two leading US based Venture Capital (VC) firms, ePlanet Ventures and Draper Fisher Jurvetson (DFJ), providing funds to Naseeb Networks, speaks volumes of the trust placed in the potential of the Pakistan IT Industry by foreign investors.

Lakson Business Solutions Limited (LBS), a subsidiary of Lakson Group, dealing with IT consultancy has recently been awarded a contract of development of Trade Survey Software by Philip Morris International.  

NetSol, already listed at NASDAQ and has recently been dual-listed for trading on the Dubai International Financial Exchange (DIFX). NetSol is the leading IT company of Pakistan and worldwide provider of global business services and enterprise application solutions

Many leading telecoms are utilizing the services of Pakistani IT companies to automate and enhance their operations. Mobilink, for example, has recently singed LMKR to automate its Warehouse processes. LMKR is one of the leading IT companies of Pakistan and global provider of Geo technology and Information technology services.  Similarly, Ufone signed Teradata to expand its Data Warehouse with state-of-the-art 5550H nodes and to enhance its customer support services. Teradata is a division of NCR Corporation International which offers powerful analytical solutions that help businesses drive growth.

Similarly, financial enterprise solutions, developed by various Pakistani IT companies have been successfully deployed worldwide. To name a few are TPS, MIXIT, Autosoft Dynamics and Systems Limited. The solutions developed by these companies have been successfully deployed in leading banks and financial institutions around the globe.

PSEB is a Government agency mandated to promote Pakistan's IT Industry, including software, IT Enabled Services, hardware and call centers locally and globally. PSEB has been facilitating the IT Industry through its programs in Human Capital, Office Space, Marketing, Company Capability Development, Telecom Bandwidth, Industry Finance, Public Policy, Strategy & Research, and Facilitation. Government has already introduced a package of incentives including tax exemptions for the IT sector until 2016, 100% foreign equity and earnings repatriation and low-rent facilities for IT companies.

For more information please visit www.pseb.org.pk