Top government officials are optimistic about Pakistan’s future IT exports, aiming for $15 billion from $2.6 billion over the next few years. The IT sector has shown 30% growth and 178% over the last five years. COVID-19 restrictions have helped increase IT exports. The government has approved a plan to reach $10 billion in IT exports and increase the retention of export proceeds. However, there have been issues with taxation and banking policies, leading to uncertainty for investors. Political stability and support for research and development are crucial for sustainable growth. Strengthening ties with the West and China, and involving the private sector in defense and agriculture tech innovation are also important. A step-by-step approach is needed to achieve sustainable IT exports, with the potential to fix the current account deficit.
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