Pakistan s IT exports increase by 51pc in Nov, 2020: MOC
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Growth in domestic market will further ramp up exports in the coming quarters.
ISLAMABAD (Dunya News) – The Ministry of Commerce on Wednesday informed that Pakistan’s Information Technology (IT) and IT-related services exports have witnessed an increase of 51% in the month of November 2020, as compared to the corresponding month of last fiscal year.
Pakistan’s IT-exports increased by 38.9% during the period July to November of 2020-21 on a year-on-year basis, said a statement issued by Ministry of Commerce.
This was informed during a consultative meeting of the Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood.
British American Tobacco shifting key business to Pakistan
Business
December 23, 2020
ISLAMABAD: British American Tobacco (BAT) is shifting its Business Shared Services operations from Malaysia to Pakistan, which is indicative of increasing foreign investor trust in the country’s economic sustainability, a statement said on Tuesday.
BAT is the first multinational company to move its Business Process Outsourcing (BPO) services to Pakistan after Deutsche Bank withdrew its operations from the country.
This development came to fore in a high-level meeting at the Ministry of Commerce, which was chaired by Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood.
The commerce adviser noted the opening of business services by BAT “is an indication that the country is now being considered as a cost effective location for activities like back office services, BPO, call centres, etc”.