Pakistan’s technology sector is heading towards another boom. The government has taken various steps to boost the market through investment in technology parks and tech-based startups. Alongside, major technological companies, such as Air Link Communication Limited, are committed to growth and expansion.
Opportunities for investment are on the rise as the tech landscape in Pakistan changes. We at One Homes are allowing overseas Pakistanis to take advantage of these opportunities. You can capitalise on your homeland's growing economy by buying a house in Islamabad or Lahore that meets the Western standards you are accustomed to. This ensures a seamless transition for those looking to reconnect with their roots and earn a stable dollar-linked income.
Air Link's Strategic Move
Air Link Communication Limited, a prominent smartphone manufacturer and distributor in Pakistan, has recently acquired a 3-acre industrial plot in the Sundar Green Special Economic Zone (SGSEZ) in Lahore.
The acquisition of the land amounted to Rs 572 million. This investment was to support Air Link’s current and future expansion plans. It will allow them to benefit from the incentives offered by the Special Economic Zones Act of 2012.
Key Developments in Pakistan's Technology Sector
The tech industry of the country has witnessed great advancements in recent years:
- Startup Ecosystem: Tech-based startups raised $350 million in 2021 and over $227 million in the first half of 2022. The numbers have continued to grow since then and it's a direct result of growing tech-first firms.
- IT Services Growth: There is major growth in the IT services sector. The exports of this market grew by 24% from FY23 to FY24, hitting $3.2 billion in the fiscal year 2024.
- Government Initiatives: The Special Technology Zones are offering tax exemptions and infrastructure support, which is attracting local and overseas investments. Small and medium-sized IT companies are benefitting from this, as it enables them to compete with international standards.
Bridging Overseas Pakistanis to Emerging Opportunities
The technological advancements in Pakistan signal a promising future. They don’t just contribute to the growing economy of the country but also present opportunities for overseas investors who are looking to reconnect with their roots. This is the perfect time for you to capitalise on your country’s booming economy and be a part of its transformative journey.
At One Homes, we recognise the potential of Pakistan's evolving economy and strive to provide overseas Pakistanis with avenues to invest in their homeland. Our developments are designed to meet international standards and are made in collaboration with global architects and design experts so that you can enjoy the lifestyle you're accustomed to, right in Pakistan. Get in touch with us to find your perfect vacation home!
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