SIFC efforts pay off as Jul-Nov IT exports jump to $1.8bn: SBP

ISLAMABAD: Pakistan’s digital economy has recorded a major breakthrough, with IT exports rising 19 percent in the first five months of the current fiscal year and reaching a cumulative USD 1.8 billion between July and November 2025.

According to the State Bank of Pakistan, IT exports alone amounted to USD 356 million in November 2025, highlighting the sector’s robust monthly performance and growing global demand for Pakistani digital services.

The strong upward trajectory of IT exports is being attributed to policy facilitation and coordinated reforms under the Special Investment Facilitation Council (SIFC), which has played a key role in streamlining regulations, improving ease of doing business, and supporting the expansion of the technology and services sector.

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Industry experts note that the consistent growth in IT exports is positioning Pakistan as an emerging digital power in the region, with increasing competitiveness in software development, IT-enabled services, freelancing, and emerging technologies. The sector’s performance is also strengthening Pakistan’s positive and credible image in international markets.

Beyond foreign exchange earnings, the expansion of IT exports is contributing significantly to job creation, youth employment, and skills development, while advancing the country’s broader objective of digital sovereignty. The sector is increasingly viewed as a sustainable pillar of economic growth, capable of reducing external vulnerabilities and supporting long-term macroeconomic stability.

Officials and market analysts believe that continued policy support, investor confidence, and access to global markets will further accelerate growth in the IT sector, reinforcing Pakistan’s digital economy as a key driver of economic resilience and future prosperity.

Copyright Business Recorder, 2025