Pakistan’s information technology (IT) sector has claimed that the growth pattern in the IT industry is greater than that of the textile industry. IT exports in 2021 reached USD 2.1 billion and are projected to reach USD 2.6 billion in 2022. IT exports are increasing at a fast pace as compared to the textile sector.
The IT sector has made a case that the textile industry is getting huge subsidies in terms of taxes and energy tariffs while its growth in exports is much lower than IT.
According to the WITS database and a World Bank Group report, textile sector exports increased by 19% from 2016 to 2021, while IT sector exports increased by 143%.
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