the first of its kind Exhibition in Pakistan, the need of today’s world and the exploration to the world of connectivity heighten Pakistan to stand up and touch the new horizon of technology and meet the international level of advancement .
Pakistan Telecom sector is booming with high intensity at present looking at the mobile sector mainly 5 different mobile communication services has occupied about half of the market with total 86 million consumers in 172 million population with the capacity of half of the market left as space of 60% and a penetration rate of 49% to capture and more of the players to enter.
A total of 235,613 million in revenue was generated by telecom industry in 2007 which had a major impact on economy of Pakistan with the total share of 2% increase in GDP out of 7% increase in 2006-2007
The Government of Pakistan is working on development and extension of IT sector. A few of the incentives offered in this respect include
- tax exemption till 2016,
- establishment of IT Parks with low rent,
- foreign ownership of equity invested in IT
- 100% repatriation of profit allowed to IT companies.
The State Bank of Pakistan in its statement for the year 2006-07 reports the export figures of software and IT-enabled services to be US$116 million which shows a consistent annual growth Pakistan offers various competitive advantages over other outsourcing destinations, such as high quality software development, swift and easy establishment of business, lowest cost basis and emerging and state-of-the-art telecommunication and IT infrastructure. Experts have estimated an average annual growth of 33% in the sector. This will result in the total IT export revenue crossing US$ 10 billion in the next five years.
