LAHORE: Pakistan’s information technology exports could rise to $10 billion to $15 billion within the next five to ten years if supportive policies remain in place, speakers told a seminar in Lahore.
The seminar, titled “Export Opportunities for Pakistan,” was organised by the Lahore Chamber of Commerce and Industry.
LCCI President Faheemur Rehman Saigol said Pakistan must increase exports and promote import substitution at the same time to reduce the trade deficit and strengthen the economy.
He said Pakistan had immense potential, a resilient workforce and strong opportunities for industrial growth. However, he added that sustainable economic progress required policy continuity, higher productivity and a clear focus on export-led growth.
Saigol said remittances had crossed $40 billion, but long-term economic stability could only be achieved through higher exports and reduced reliance on imports.
Panelists highlighted several sectors with strong export potential, including information technology, textiles and rice.
Pakistan Software Houses Association Vice Chairman Raheel Iqbal said IT exports had reached around $3.8 billion and were growing at nearly 20 percent annually. He said the sector could expand significantly if consistent policies, digital infrastructure and industry support continued.
Awais Kamal of Sapphire Textile Mills said Pakistan’s textile sector, which contributes around 60 percent of exports, must focus on innovation and align more closely with international market requirements.
Amata Gondal of Reem Rice Mills said Pakistan’s rice sector had major opportunities but needed value addition and market diversification.
Saigol urged policymakers and the private sector to work together for industrial expansion, export diversification and competitiveness.
