MoU to boost freelancing sector
Pakistan’s PAFLA and SI Global Solutions partner to boost freelancing through training, mentorship, and industry linkages, supporting a sector expected to exceed $1 billion in earnings.
Pakistan’s PAFLA and SI Global Solutions partner to boost freelancing through training, mentorship, and industry linkages, supporting a sector expected to exceed $1 billion in earnings.
Jordan has launched the region’s first Fintech Academy and applied lab, creating a national platform for AI, cybersecurity, blockchain, and digital payments training. The initiative supports the Economic Modernization Vision and aims to build a new generation of fintech leaders, positioning Jordan as a regional hub for financial innovation.
Saudi Arabia is preparing to unveil three major tech strategies, including a plan to rank among the world’s top five AI training hubs. With its digital economy nearly doubling in nine years and major funds allocated to AI safety, the Kingdom is positioning itself as a global, responsible technology leader.
Government says Pakistan’s IT exports hit record monthly high in December
ISLAMABAD: Pakistan’s information technology exports surged to a record $437 million in December, crossing the $400 million mark for the first time on a monthly basis, Finance Adviser Khurram Schehzad said on Monday.
The milestone underscores the growing importance of the tech sector as Pakistan pivots toward export-led growth while emerging from a prolonged economic crisis that strained foreign exchange reserves, widened balance-of-payments pressures, and weakened the currency.
“December 2025 exports reached $437 million — crossing $400 million in a month for the first time ever,” Schehzad said in a post on X. He added that the figure represents 23 percent month-on-month growth from November and 26 percent year-on-year growth compared with December 2024.
For the first half of the current fiscal year, IT exports reached $2.24 billion, up 20 percent from a year earlier, making the sector the largest and most consistent contributor within services exports.
Pakistan is under pressure to rapidly expand exports as part of broader structural reforms under a $7 billion International Monetary Fund (IMF) programme. Earlier this month, Planning Minister Ahsan Iqbal said the country must double exports to $60 billion within four years or risk returning to the IMF.
IT exports have been on a steady upward trajectory, reaching a record $3.8 billion in the 2024–25 financial year, according to official data. The momentum has continued into the current fiscal year, with 19 percent year-on-year growth recorded between July and November, when exports totalled $1.8 billion.
The government views the technology sector as a central pillar for foreign exchange earnings and job creation as Pakistan seeks to consolidate recent macroeconomic gains and attract new investment.