The IT industry in Pakistan is growing rapidly on a fast pace. A big portion of the industry’s revenue is gathered from IT exports. As per the different annual reports of the State Bank of Pakistan (SBP), the country’s IT exports reached a record high of USD 2.1 billion in the fiscal year 2020-2021, which is a sharp increase of %45 as compared to the previous year. This sharp increase is a good sign for the Pakistan IT industry’s future.
By seeing this word trend the federal government has set a $5 billion target in IT exports for the year 2023. To achieve this double target and instant growth in this sector the government has implemented several initiatives. Some notable initiatives are tax incentives, the establishment of new tech parks, and the incorporation of new technology in internet connectivity.
We are now discussing the top 10 IT companies in Pakistan that are playing an active role in enhancing and achieving IT exports 2023 target in the country.
1. SYSTEMS LIMITED
System Limited is one of the top-rated and prestigious software development and IT companies based in the capital of Punjab Lahore, Pakistan. The System Limited is one of the top IT companies in Pakistan. The company is publicly traded on the Pakistan Stock Exchange. The company’s market capitalization is approximately PKR 40 billion or $250 Million USD. As per the company financial statement year ended December 31, 2021, the company revenue was PKR 12.8 Billion or $80 Million USD.
The company offers its best services in consulting, operational services, application development, data management, IT structure, and many more. Currently, the company has served 400 industry-leading enterprises that rely on System Limited to succeed in their digital transformation initiatives. System Limited has a significant presence in the local and international markets and has been offering a range of IT solutions to clients of various sizes and types of industries.
Also System Limited is working with TECHJUICE the main objective of this collaboration is to find out the different ways in which artificial intelligence AI in Pakistan can assist in making the right business strategy.
Overall, we can say that System Limited is one of the top Software companies in Lahore that offers the best services in software development, enterprise digital transformation, and product development, and has an international presence in different countries of the world. The top IT Company in Lahore holds a large portfolio of solutions and services and is offering top-notch services to clients in various industries.
2. I2C INC
I2cInc is the subsidiary of Innovative PVT Ltd which is a leading FinTech company in Pakistan that offers customized self-service banking solutions and currency technology solutions. The i2C INC a fintech technology is based in California, USA with business operations in Pakistan and other countries. The I2c INC is part of the Top Ten Companies in Pakistan that provide personalized cloud-based services for all types and sizes of enterprises. The best IT Company in Pakistan assists businesses to issue and manage digital payments which include debit, credit, and prepaid cards and other financial services and products.
As per the i2cINC 2022 company HR reports the top-rated software company has a global workforce of over 1200 employees and mostly of its staff which include project managers, developers, software engineers, and other technical and administrative staff.
When we talk about the company revenue, as per its financial statement ended December 31, 2021, the company revenue was over $200 million USD. With the outstanding services, the company is grown rapidly over the last few years and obviously, its revenue has increased from $70 million USD in 2016 to over $200 Million USD in the year 2021.
Overall we can say that i2c INC is offering its best services through advanced technology, a diverse services portfolio, a global presence, and dedicated and skilled workforces for various industries.
3. NETSOL TECHNOLOGIES
Netsol Technologies is one of the top-rated Software companies in Lahore that provides customized and outstanding software solutions for the finance and leasing industry throughout the world.
Netsol Technologies is a software development company that specializes in providing leasing and finance software solutions. According to the company’s financial statements, its consolidated revenue for the year ended June 30, 2022, was approximately PKR 16.6 billion (about $103 million USD). The company has been growing steadily over the years, and its revenue has increased from PKR 6.3 billion in 2015 to PKR 16.6 billion in 2021. Netsol Technologies has a global team with a 2414+ workforce that is operational in 8 different cities.
Netsol Technologies is a leading software development company based in Pakistan, with a presence in North America, Europe, and the Asia-Pacific region. The company specializes in providing leasing and finance software solutions and has a strong reputation in the industry.
Overall, Netsol Technologies’ strengths lie in its product development capabilities, global reach, domain expertise in the leasing and finance industry, technology innovation, and customer support. The company has a strong reputation in the industry and is well-positioned to meet the needs of clients in the leasing and finance sector.
