Pakistan Gaming Industry Revenue Reaches $200 Million 2023:
Kumar believes that Pakistan should encourage the creation of domestic products while nurturing the growth of technology entrepreneurship, especially among the youth. By collaborating with business partners, he believes that the country can create global leaders in deep tech, animation, and gaming.
Statista Market Forecast and the International Trade Center:
Citing Statista Market Forecast and the International Trade Center, the P@SHA chairman asserts that Pakistan has the potential to become the regional hub for game development, given that 64% of its population is under the age of 25. However, he stresses that the federal government, SBP, and FBR must adopt global best practices in managing foreign exchange and allow the IT & ITeS sector to freely manage their foreign exchange to fund their enterprises, reinvest in their entities, and invest in marketing, sales, and networking to strengthen Pakistan’s foreign exchange reserves.
Khan believes that Pakistan can add 3000 gaming developers to the HR pool annually and attain a 30% year-on-year growth in the gaming industry’s foreign remittances if it invests in HR and skills development for aspiring game developers. Currently, Pakistan’s gaming industry employs over 8,500 game developers across three sub-sectors: gaming products, middleware, and gaming services.
To enable the development of top-tier deep tech, animation, and game providers, Kumar recommends that business and government work together to establish a robust framework. Investing in game developer training facilities is a critical first step in unleashing Pakistan’s potential in the gaming and tech sectors, which will ultimately drive economic progress and prosperity.
It is worth mentioning that the Pakistan Trade Development Authority, the Ministry of IT & Telecom, USAID, and the Pakistani Consulate in Los Angeles supported and participated in the Game Developers Conference 2023, held in California. The Pakistan Pavilion was a great success, highlighting the country’s potential in game creation and attracting influential members of the international gaming community.
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