Information Technology sector fetched US $ 3.3 million FDI in July-September 2016 as compared to 0.2 million in the corresponding period of last fiscal year.

Figures published by State Bank of Pakistan (SBP) on Sunday revealed overall communications sector comprising telecommunication, Information Technology and postal & courier services) registered US $ 24.2 million net FDI with US $ 40.9 million inflow and US $ 16.7 million outflows.

Telecommunication sector registered US $ 37.6 million inflow, US $ 16.6 million outflows and US $ 21 million net FDI during the period under review.

Net FDI in software development remained at the US $ 1.5 million during July-September.

This increase in FDI is a welcome boost to the economy of Pakistan and we hope that things keep progressing in a similar stance as our IT industry is a major backbone of the country’s economy.

Khurram Zahid

The post Telecom Sector in Pakistan gets $21M in FDI appeared first on Smartchoice.pk.

Telecom indicators, as published by the Pakistan Telecommunication Authority (PTA), have shown remarkable increase in the number of broadband subscribers – month by month – over the past two years across all sorts of broadband technologies – wired or wireless.

In 2011, for example, total number of broadband subscribers in Pakistan stood at 0.9 Million and jumped close to 2.0 Million by the end of 2012. These trends were exciting – we know how the Internet has help develop countries and societies across the globe – and we know internet awareness will play a powerful role in the development and progress in Pakistan too.

We ran a quick analysis, threw in some number crunching, and have expect broadband growth to stand at 64 percent by the end of 2014 – with broadband subscribers to cross 4.2 Million by the end of this year. This is rapid growth and the momentum just seems to be increasing with every month. Our extrapolation is based on the existing trend.

The graph above shows a year on year (Y-o-Y) comparison of how broadband penetration has grown in Pakistan. We have already written about how the internet is instrumental in the social uplift of societies and countries and we expect good things to come our way in the days to come.

Feel free to share your comments and feedback with us below!

Khurram Zahid

The post Pakistan broadband growth at 64% – expected to cross 4 Million in 2014 appeared first on Smartchoice.pk.