IT sector register's sluggish growth at 5pc.

Despite being entirely free from the cumbersome process of acquiring Letters of Credit (LCs) and not being dependent on imports for its raw material, the export volume of the information technology (IT) sector only grew a meagre 5 percent in November year-on-year (YoY). Analysts are laying the blame for this low number on the government's indifference towards unconventional export sectors.

Speaking to the source on the condition of anonymity, an official from the Ministry of Information Technology and Telecommunication said, "Globally, IT companies' exports grow in hundreds and thousands of times, a potential...