Information technology is not as old in Pakistan as in the developed countries. Even Pakistan is not advanced in IT as other countries of Asia of India, China, Malaysia and Indonesia. It was the era of late 60’s when 2nd generation computer was installed the first time in Karachi. IT and CS got popularity in Pakistan is In the 80’s. We can say that Pakistan is one of the earliest countries to have an association with IT.
According to our current statistic Pakistan is playing leading role in IT industry. These facts and figures speaks itself.
Total annual revenue of Pakistan’s IT Industry is nearing $3.5 billion.
More than 25000 IT firms are registered in Pakistan every year.
Every year more than 20000 computer science and software graduates are entering the market.
According to a recent survey about start-ups, Pakistan is one of the top nations emerging with IT start-ups.
Pakistan has currently more than 25 tech incubators, co-working spaces and accelerators.
On freelancers.com, Pakistan is having 3rd largest poll of freelancers. On Up work, they are ranked 5th and overall Pakistan is having 4th biggest army of freelancers.
Up to 500,000 computers are being purchased almost every year in Pakistan.
Role of leading Pakistani IT companies
NETSOL Technologies Inc.
Pakistan’s first IT Company to be listed on NASDAQ in 1999. NETSOL provides software products and services to the leasing and asset finance companies in 30 countries and more than 200 companies. NetSol generated more than $20 million in exports in 2015-16 and received platinum award from PSEB and and. NSPIRE (a business and tech incubator) in Pakistan which was launched by NETSOL in 2015.
Systems Limited provide computing strategies and solutions to government and private organizations. Systems limited is ranked at 2nd position, it generates between $10 million to $20 million in IT exports. Systems Limited has clients all over the world especially in United States, Middle East, South East Asia and Europe. It has more than 2500 employees.
S&P Global Pakistan
It generates between $10 million to $20 million in exports. S&P Global Pakistan provides business intelligence and financial analytics to the customers around the world.
Teradata received Gold Award which is between $10 million to $20 million of exports. Teradata provides architectural consulting, business analytics solutions, hybrid cloud products and IT solutions. It has more than 1400 customers in 77 countries. The customers include eBay, Philips, Cisco, PayPal, Volvo and many others.
I2C received silver award and has exported services totaling up to $10 million. I2C has clients mainly in banking industry i2c is famous for developing products and services in payments systems.
The Resource Group is an investment holding company specializing in the business process outsourcing sector. TRG received Gold award.
Medical Transcription Billing Co.
MTBC is a USA-based healthcare IT solution provider with a subsidiary in Pakistan It has over 10,000 satisfied clients across America. IMTBC received silver award. The revenues generated by MTBC is up to $10 million. It has more than 1600 employees and 8 offices Worldwide.
LMKR has clients in more than 80 countries. LMKR provides software and IT solutions to Oil and Gas Industries.
Ovex Technologies has offices in Lahore, Islamabad and Ovex Technologies Limited is leading exporter of IT solutions and Pakistan’s largest offshore Business Process Outsourcing solutions provider with more than 700 highly qualified and trained personnel and 24/7 support, Ovex Technologies won PSEB IT award, And Company of the Year award at the 2nd RCCI ICT Award 2016. Oves Technologies clients are USA-based companies like PCM Inc., din Cloud, En Pointe Technologies, Premier BPO, Collab9 and Modern Gov IT.
Mentor Graphics is a leader in electronic design automation (EDA) software. They enable companies to develop better electronic products faster.
Distinctions of Pakistan in IT
Convo is based out of Pakistan which is hot favorite medium of social media for work.
Eyedeus Labs, previously featured at CNN, are working on a ground-breaking video technology to disrupt the way we interact and deals with ads.
A company Based in Karachi is making apps for space giant’s mobile platform, they are making these apps for NASA (National Aeronautics and Space Administration).
Civic Hackathons, Startup Expos Startups Weekends, Digital Youth Summits like events are producing the next generation of entrepreneurs and startups in Pakistan.
FireEye.Inc, a network security company, is valued at 6.5 Billion US Dollars is owned by a Pakistani Ashar Aziz.
Future of Information Technology in Pakistan
Pakistan is a Land of opportunities. The country has developed a reliably strong information technology infrastructure in a very short time period. The future of IT in Pakistan is really bright. Every day new Startups are being incubated by one of the many incubators that are working in Pakistan.
Government of Pakistan has great interest in Information technology, it can be good source for government revenue. The government plans to raise men and woman that can stand tall on a global scale, like Shahmeer Amir. Ministry of Information Technology & Telecom, through PEB, is making great efforts to facilitate IT industry and companies to increase the exports of IT services products and from Pakistan and to attract FDI towards the local IT Industry. Now its golden time for world to invest in IT sector of Pakistan.