STAFF REPORT IBD: Pakistan’s imports of Information Technology (IT) and IT enabled service (ITES) went up by 18.5 per cent during the first five months of the ongoing financial year, showing a healthy expansion of business operations of multinational companies.
“Import of IT and IT-enabled services increased to $64 million in Jul-Nov period as compared with $54 million of previous years same period,” show statistics of the State Bank of Pakistan.
The numbers also showed the technology enablement trend of local companies particularly IT applications and solutions in their different sized businesses through foreign companies.
Some of the renowned companies are SAP, Oracle, IBM, Microsoft and TRG, being engaged to provide multiple advanced applications and tailored solutions to tens of companies in sectors including telecom, banking, media, textile, energy and insurance industries.
According to industry experts, these IT companies install and develop software as per needs of the businesses for increasing the efficiency, volume of operations and energy saving in manufacturing and services sectors.
The technology utility empowers local companies operations for boosting their productions in short period and containing their cost of doing business and production on the other hand.