IT Remittances Witnesses Growth of 16.4 % in IT & ITeS Export: PSEB
PSEB has planned to host ‘PSEB IT Awards 2017’ by end of 3rd quarter this year. Registration for the award ceremony will be due in the month of July 2017. PSEB has also announced the categories for this fiscal year i.e; from July 2016- June 2017. They are as follows:
Top 10 IT exporters Best 3 startups Top 3 IT exhibitors Best 3 individual freelancers Top 3 domestic IT businesses
PSEB said that IT companies can improve their chances of winning the exports award before June 2017, by improving their remittances in SBP assigned purpose codes for IT and ITeS sector. Also Read: PSEB Starts Accepting Applications for PM’s ICT Internship Program PSEB revealed that many companies are not going to their respective banks to register their export remittances in IT & ITeS sector codes to the state bank of Pakistan. It also told that 1.5 billion is remitted to Pakistan through banking annually. But half of the codes are incorrect. It hurts the image of IT industry as a major exports sector in Pakistan. Many international customers and investors rely in SBp’s data for investment and outsourcing. IT industry needs to cross the billion-dollar mark in remittances first before Pakistan’s IT sector will be taken seriously by foreign IT investors and customers. Also Read: PSEB Invites Applications to Participate in Trilateral Trade & Investment Conference
