Pakistan targets $25.1 billion ICT export revenue by 2030

Pakistan's ICT export remittances reached $4.6 billion in fiscal year 2025-26, a 20.6% growth from $3.814 billion in fiscal year 2024-25.

Key points

• Exports then rose significantly, reaching $3.223 billion in fiscal year 2023-24 and $3.812 billion in fiscal year 2024-25 before reaching $4.6 billion in the latest fiscal year.
• The administration has introduced a one-working-day limit for processing export receipts and outward remittances from Exporters' Special Foreign Currency Accounts.
• To support exporters and freelancers, the Pakistan Software Export Board is working with banks and the State Bank of Pakistan to produce foreign payments and currency transactions easier.
• The threshold for Form "R" has been rose to transactions above $25, 000.
• It has additionally reduced the advance tax on foreign card payments from 5% to 0.5%.

Exports then rose significantly, reaching $3.223 billion in fiscal year 2023-24 and $3.812 billion in fiscal year 2024-25 before reaching $4.6 billion in the latest fiscal year. Authorities stated ICT is the strongest part of Pakistan's services sector and generates the country's largest trade surplus within the sector.

To support exporters and freelancers, the Pakistan Software Export Board is working with banks and the State Bank of Pakistan to produce foreign payments and currency transactions easier. Banks have additionally established dedicated desks and specialized branches for IT exporters. The State Bank has updated the Proceed Realization Certificate process and expanded the Digital Service Providers List.

Meanwhile, the administration has introduced a one-working-day limit for processing export receipts and outward remittances from Exporters' Special Foreign Currency Accounts. IT firms and freelancers additionally face fewer paperwork requirements for individual export transactions.

Notably, the threshold for Form "R" has been rose to transactions above $25, 000. The administration has additionally standardized the documents required for outward remittances to simplify the process. As part of its tax measures, the administration has extended the 0.25% Final Tax Regime for IT exports through tax year 2029.

It has additionally reduced the advance tax on foreign card payments from 5% to 0.5%. Venture capital funds have additionally regained tax pass-through treatment. The administration will continue the Section 65F technology tax credit to encourage investment and provide further backing to technology startups.

PSEB has opened new offices in Gilgit-Baltistan and Khyber Pakhtunkhwa. Its 24/7 MARKAZ support desk provides assistance with registration, visa facilitation and foreign remittance matters.

To achieve the $25.1 billion target, the administration aims to invest in technology skills and workforce development. The program will include specialized training, international certifications, boot camps and apprenticeships.

Meanwhile, the administration additionally intends to expand IT parks, software technology parks and special technology zones. Digital innovation facilities will additionally be developed as part of the expansion.

International marketing will additionally receive greater attention. Intends include trade delegations, B2B matchmaking and investor outreach aimed at attracting more global business to Pakistan's technology sector.

For now, pakistan targets $25.1 billion ICT export revenue by 2030 remains the part of the story worth watching, and further updates are likely as more details are confirmed.