Pakistan Software Export Board (PSEB)

The benefits of joining Pakistan Software Export Board (PSEB) are numerous and include technical support, guidance, preferential treatment in projects, interns and more. Companies that are member companies also enjoy highly subsidized rates on office space in IT towers and parks. In addition, they get stipends for interns. PSEB renamed as Tech Destination Pakistan.

Information about PSEB

The Pakistan Software Export Board is a body incorporated in 1995 to promote IT industries in the country. The board has an address at Software Technology Park, 5th Flr., Aiwan-e-Iqbal Complex, Lahore. Its phone number is 92 42 39200015. It listed in the Associations and NGOs Directory.

The Board’s primary objective is to promote IT industry in Pakistan by attracting valuable business leads. It does this through signing joint venture agreements and establishing offices in important foreign locations. Its international marketing efforts have received support from the World Bank, Gartner, and McKinsey. These organizations have endorsed PSEB’s efforts to build Pakistani IT presence in key international markets in order to supplement its IT export revenue.

IT firms in Pakistan can benefit from the Board’s membership by accessing exclusive benefits. They can also benefit from PSEB’s financial support, technical assistance, and guidance. They can also recruit interns who will receive stipends and provided with office space in IT towers and parks at highly subsidized rates.

The Pakistan Software Export Board manages 11 Software Technology Parks across Pakistan. These spread over a total area of 1,343,893 square feet. They are located in Lahore, Karachi, and Islamabad. The Board also promotes the Pakistan IT industry by participating in international IT trade shows, email marketing, and publishing articles in international publications.

The ICT industry in Pakistan includes call centers, foreign firms, and software development houses. All of these companies depend on IT and computers to operate smoothly. As the demand for software increases, more companies are registering their companies in Pakistan to benefit from their services. Information technology in Pakistan is essential to the success of manufacturing companies and other industries.

The Pakistan Software Export Board is the body responsible for promoting the IT industry in Pakistan. However, the organization does not have enough engineers and IT specialists to meet the country’s needs. Those who are looking to launch an IT company in Pakistan should consider consulting a lawyer for advice. The country has a wide range of legal requirements and different business models.

PSEB Registration process

In order to start selling software in Pakistan, you must first register with the Pakistan Software Export Board (PSEB). This board is an independent body responsible for issuing certificates to companies that export software. To register, you must deposit a special amount. The deposit can made online or using mobile banking applications. You can also deposit the amount through a demand draft or a pay order.

To get a PSEB registration, you must be a member of the organization. Membership has its own benefits, including exclusive benefits. Additionally, without a PSEB registration, you cannot operate a call center in Pakistan. The Pakistan Telecom Authority will take legal action against companies that are not register.

To register with the Pakistan Software Export Board, you must first establish the right business structure. The business structure you choose will depend on your needs for diversification and development. For example, you may want to start as a sole proprietorship or a partnership. Another option would be to establish a limited liability company. In either case, you should consult with a corporate lawyer to determine the best structure for your business.

Once you are a member of the PSEB, you will have access to benefits such as technical support, consulting services, and preferential treatment in government projects. You can also take advantage of PSEB’s interns, which receive stipends, and office space in IT towers and parks at highly discounted rates.

It is not mandatory for IT companies to register with the PSEB, but it recommended. However, it provides exclusive benefits for IT firms. Moreover, it is essential for call centers to register with the PSEB, both for the main office and any branches. Without this registration, they considered illegal and can be subject to legal action.

The government of Pakistan started creating awareness about the importance of software technology business in Pakistan in 1995. All Government ministries and organizations supported the development of STPs in Pakistan. These STPs are currently situated in public/private buildings, factories, and warehouses. And the Board is continuing to develop more of these centers.

The IT industry in Pakistan is thriving, and is increasingly exporting IT services and call center services. The growth of the IT industry in Pakistan has made it the second largest exporter of IT products in South Asia. As such, the country is becoming an important destination for software companies, and the registration of software companies is rising.

Upon completion of the registration process, you will receive an ERN for any products that have registered with the board. For those non-producers, submitting the ERN for a product that registered requires the submission of Supplement No. 5 to part 742 and the Self Classification Report (SCR).

Incentives offered by PSEB to IT companies in Pakistan

The Pakistan Software Export Board is a government body that helps IT companies in Pakistan to export their products. The board provides various incentives and benefits to help IT companies grow. It also provides tax exemption to IT companies registered with the PSEB. The board also assists new IT companies by providing facilities to establish call centers. Companies must register with the board before they can enjoy these benefits. They must also have a registered principle office in the country and relevant branches that interact with the principle office. Failure to do so will result in legal proceedings against the firm.

Pakistan’s ICT industry is comprised of hardware, software, and services. It involves both domestic and international markets. Companies in this industry have to comply with different laws and regulations in their competitive countries. They must also follow the public policy of Pakistan. Incentives offered by the Pakistan Software Export Board can help them gain international recognition and business.

Pakistan’s IT industry has seen rapid growth in the last several years. It is now the fastest-growing sector in the country. The sector accounts for 12% of the country’s total exports. It has already crossed the $2.5 billion mark and the government targets $10 billion in IT exports by 2020.

The federal government has shifted its focus to IT exports and the growth of the IT sector. The government hopes that IT exports can help boost the country’s exports. Historically, the government has relied too much on traditional exports. This change expected to help the IT sector grow and provide jobs.

Besides offering incentives to IT companies in Pakistan, the Pakistan Software Export Board has also established Software Technology Parks (STPs) across the country. These parks provide quality IT infrastructure, office space, and electricity. PSEB promotes IT in Pakistan through trade shows, email marketing, and articles in various international publications.

The Pakistan Software Export Board (PSEB) promotes IT exports by attracting valuable business leads. The board also helps IT companies establish offices in key foreign countries, and signs joint venture agreements with foreign companies. Its international marketing activities have received the backing of Gartner, the World Bank, and McKinsey. These organizations have emphasized the need to strengthen the Pakistani IT industry and become the second-largest IT exporter in South Asia.

The government has also made it easier for foreign investors to invest in Pakistan through the Pakistan Investment Policy. Foreign companies can repatriate their profits, dividends, and funds in the currency of the country they invest in. The Pakistan Investment Policy also allows IT/ITeS companies and call centres registered with the PSEB to reap tax benefits in the local currency.

British law and Islamic Sharia Law influence Pakistan’s regulatory system. Enforcement actions and regulations can appealed through the court system. The Supreme Court is the top court and has jurisdiction over provincial courts. It also has national standing over the Federal Sharia Court and the government.

Recommended readings:

• What Is Software Engineering?
• How to Get a Child Registration Certificate (CRC) From NADRA Pakistan
• Trade Development Authority of Pakistan (TDAP)
• IT Exports of Pakistan
• Trends in the Food Processing Sector in Pakistan