We bring you the latest updates from the world of business, technology, and innovation. Stay informed about emerging trends, industry developments, and how our solutions are shaping the future. Explore expert insights and key events driving progress in our sector.
Pakistan’s technology export remittances experienced a remarkable 38.6% increase, reaching $330 million in October 2024 compared to $238 million in October 2023. This growth occurred despite challenges such as internet service slowdowns due to submarine cable faults. The Ministry of IT and Telecommunication, along with the Pakistan Software Export Board (PSEB), has been instrumental in driving international business development and improving the ease of doing business in the tech sector.
Pakistan’s IT sector achieved a historic milestone with exports reaching $348 million in December 2024, marking a 15% year-on-year increase. This growth occurred despite concerns over internet slowdowns and government regulations affecting VPN usage. The surge is attributed to the expansion of Pakistani IT companies’ global client base and favorable policy changes encouraging profit repatriation. However, ongoing internet disruptions pose challenges that could impact future growth.
Visa has announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aiming to increase digital payment adoption tenfold over the next three years. With only 60% of the adult population holding bank accounts, this initiative seeks to enhance the digital payment infrastructure, making transactions more accessible and affordable. Plans include expanding point-of-sale terminals and integrating technologies like QR codes and contactless payments, aligning with Pakistan’s broader economic digitization efforts.
Empower your business with cutting-edge technology and expert IT consulting from Realtech Solution. Our innovative strategies, tailored solutions, and industry-leading expertise ensure your business stays ahead in the digital world.
Realtech Solution is a dynamic technology company dedicated to delivering innovative IT solutions tailored to modern business needs. We specialize in software development, cloud computing, cybersecurity, and IT consulting, helping businesses streamline operations and stay ahead in the digital era. Our expert team combines technical excellence with a customer-centric approach to provide cutting-edge, scalable, and reliable technology solutions.
Office #609, Balad Trade Center 2, Bahadurabad, Karachi, Pakistan
+92 321 0666255 | +92 321 8255906
info@realtech-solution.com
How can we assist you today?
