Pakistan’s imports of Information Technology (IT) and IT enabled service (ITES) have witnessed growth of 18.5 percent in first five months of the current fiscal year 2011-12, showing a healthy expansion of business operations of multinational companies.
The State Bank of Pakistan (SBP) statistics said that imports of IT and IT-enabled services were increased to $64 million in Jul-Nov compared with $54 million of previous year’s same period.
The growth of imports of IT and allied services depicted the increasing penetration of multinational solutions and applications providers in domestic companies in different sectors.
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, TRG etc., 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.
Industry experts said 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.
They added that the popular applications trends are Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), cloud computing etc.,
Besides rising business volume in Pakistan, the foreign IT companies are providing employments and trainings to local workforce in good numbers, which are also productive for overall IT industry of the country.
These companies actually transfer technology in Pakistan’s industries so that they are being capable to meet the international standards and compete their rival players in the global markets.
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.