The benefits of the tech boom in Pakistan is not only restricted to within the country, but rather is a global contribution. As the county’s tech scene progresses, Pakistan has over time become a great location for Tech outsourcing.
Despite the inaccurate perceptions about the country, the talent and low risk attracts international demand.
Businesses recognise that the importance of speed-to-market, as well as the factor that other tech hubs are more crowded, falls into Pakistan’s favour as businesses realise that the quick turnover and the low cost that the Pakistani market can provide works in the favour of opting for this particular tech hub.
The benefits that the country has, despite false assumptions, is that it actually remains so that Pakistan has quite a significant number of native English speakers, ranking at No. 4 globally. Producing 50,000 IT graduates annually, the country is constantly pumping out tech talent.
Pakistan offering favourable business laws and tax incentives for certain services and businesses also catches the attention of the international market. Additionally, the currency being relatively weak, but combined with a strong labour workforce, it doesn’t leave much reason for the international market to not consider Pakistan as an outsourcing hub.
Pakistan’s tech startups are also booming! With many more being ready to be churned out with the assistance of government and private support with an addition of some prominent incubators, there is no lack of tech platforms for the international market to utilise. Some notable tech outsourcing vendors include, 10Pearls, Systems Limited, Folio3, NetSol, TRG Pakistan, Ovex Tech, LMKR and more.
The tech startup industry in Pakistan has proven to be quite successful, evidenced by the country winning 8 IT firm awards in 2023 at the Asia-Pacific Information and Communication Technology Alliance.
With other countries such as Mexico, banning outsourcing and other countries such as Thailand, South Africa and Brazil experiencing security issues, Pakistan seems to be a good option. With skilled workers and teams being hired on projects for which the expertise might not lie within the foreign organisations, Pakistan’s resources and talent seem to be a good option.
Not only is varied talent available such as engineers, programmers, content writers, designers, and other similar roles but the professionalism provided and relatively cheaper costs attached, it’s not much of a question why Pakistani tech talent should not be utilised within its ongoing Technology Boom.
The country is known for its service quality, affordability, and an abundance of skilled talented youth with an interest in technology careers, easily making Pakistan one of the leading countries when it comes to outsourcing.
Businesses worldwide have seen that opening up to outsourcing actually deems to be cheaper, as compared to hiring a fulltime team member. It saves both time and money as you don’t have to do the required admin to onboard a new member and retain talent.
Outsourcing opens a business to help with scalability, and lets the business pick the best of the best talent from worldwide.
According to a survey conducted by YouGov, 70% of British businesses have outsourced to third parties. Most of this is with third world countries which has a mass of talent such as the Philippines, Pakistan etc.
Pakistan also tops the list for freelancing, dominating platforms such as Upwork and Fiverr. The programmer market ranks at No.3 for supplying freelance programmers ranking only behind the USA and India. Pakistan also ranks at No. 4 in the Forbes list of fastest growing freelance markets in the world.
Although Pakistan has been a bit slow in catching up to the tech revolution, but due to recent investments by the government and private sector, the country is gaining momentum as the government is invested in improving the infrastructure and policies around the tech ecosystem.
About the author:
Aimen Rehman is a journalist who has written about various niches over the past 8 years. As long as there’s an interesting story in sight, her pen must write. She enjoys human interest stories and digging up details.