According to Minister of Information Technology and Telecommunication Shaza Fatima Khawaja, there are 20,711 IT and IT-enabled Services (ITeS) companies that are registered with the Pakistan Software Export Board (PSEB).
These businesses are scattered throughout the nation. Sindh has 6,352 and Punjab has 10,745 registered companies. Compared to a far lower number in the other provinces and districts, the total number of businesses in the federal region is 3264.
The minister claims that the Ministry of Information Technology & Telecommunication’s PSEB seeks to support ICT industry exports and assure the long-term expansion of Pakistan’s IT sector. It gives you a selection of initiatives and programs created in conjunction with industry participants.
In addition to offering incentives like paid internships, certification for ICT workers, and discounted attendance at international events, PSEB registration is optional for the majority of IT enterprises, with the exception of contact centers.
IT companies that are registered with PSEB pay a lower tax rate of 0.25 percent on their export revenue, whereas those that are not subject to a 1% tax rate. Even without PSEB registration, companies are still able to function lawfully. In spite of this reason, registration and renewal are still voluntary.
By highlighting the fact that PSEB supports sector growth rather than policing compliance, the minister made it very clear that rather than a regulatory body, the organization operates as a service provider.
The minister also said that quick technology advancement and dynamic market shifts are characteristics of Pakistan’s IT sector. Entrepreneurs are drawn to the steady increase in IT exports, and in order to take advantage of new prospects, they register their businesses.
The competitive and dynamic nature of the IT industry is reflected in the frequent entrance and departure of IT enterprises caused by this environment.
According to provincial registration numbers, areas like Azad Jammu and Kashmir (29), Gilgit-Baltistan (35), Balochistan (43), and Khyber Pakhtunkhwa (243) have hardly any firms. This suggests that the increase of the IT industry is not equally distributed geographically.
Punjab and Sindh have the largest concentrations of firms. The information highlights the need for targeted regional approaches to advance IT expansion in underrepresented regions.
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