Posted by: uss017 | December 13, 2007

Pakistan IT exports to touch $11 billion mark

Some excerpts from the above (all emphasis added):

The IT industry of Pakistan with low telecommunication cost, 100 percent ownership of equity and repatriation of the foreign investors profits as well as tax exemption until 2016, has the potential to increase exports from $1.4 to $11 billion by 2011, Business Recorder learnt.

And:

Pakistan is now emerging as a major player in the global IT market.

And:

Growth in Islamabad, over the last three years, has been around 300 per cent, Karachi around 180 percent and in Lahore it is around 150 per cent.

Also:

The global community has placed Pakistan in the ‘First Category’ countries in 2007. Previously, in 2006 Pakistan was placed in the ‘Third Category’ countries. Moreover, Pakistan’s IT revenue had grown to 59 percent in 2006. Similarly, new IT parks in major cities are being set up across the country while 750,000 square feet of space has already been leased out to IT companies for new parks.

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