Pakistan has been termed the “next superpower” of the information and communication technology (ICT) industry by the Japan International Cooperation Agency (JICA), as the country’s software exports have increased six times in the last decade.
According to details from a latest analysis, one of the main driving forces in this trend is digital Pakistan policy 2018, which provides several incentives to the IT sector.
In the last ten years, Pakistan’s ICT exports have increased six times, making it the fastest-growing country in South Asia.
According to a report based on a study by JICA in collaboration with the Pakistan Embassy Tokyo, Pakistan is a prominent international outsourcing destination due to its price competitiveness and large number of active freelancers.
Pakistan is described as a new partner for Japanese IT firms in the publication. The report provides an overview of Pakistan’s ICT industry, including its success in IT exports, the government’s support structure, a pool of qualified and young human resources, and the development of a growth-led ecosystem that is equally owned by the public and private sectors.
The report also includes reviews from Pakistani ICT engineers who work in Japan and see Pakistan as an untapped market for Japanese IT firms, encouraging them to learn more about Pakistan and its collective ICT potential.