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11 reasons why Pakistan is the ideal tech outsourcing choice
When international companies consider outsourcing their technology and software offshore, the most common locations that come to mind are India, China, the Philippines and Mexico. While these destinations are great options, overcrowding can possibly diminish a business’s realized value from outsourcing. This is especially true for businesses with smaller vendor budgets, who end up working with lower tier vendors who have limitations around hiring and retaining top talent.
These challenges have forced companies to start looking at alternate offshore locations, with incredible success stories emerging from these locations. One such location? Pakistan.
Entrepreneurs and business leaders, the buyers in this scenario, respond to facts. They are rational thinkers by nature, and are quick to recognize the advantages of outsourcing their tech needs to Pakistan. It’s proven to be one of the most favorable options as compared to the more common locations.
Here are 11 reasons why Pakistan is a hot outsourcing choice for software and technology:
- Pakistan has just shy of 200 million people, making it the sixth most populated country.
- Pakistan is the third largest English speaking country.
- Almost 70% of Pakistan’s population is 24 years or below.
- Karachi is the seventh largest city in the world, with around 24 million residents.
- Karachi emphasizes technology training and education amongst its youth.
- Pakistan has strong IP laws.
- Pakistan has high productivity and a strong work ethic, along with an unsaturated labor pool.
- Pakistan is not a sanctioned country.
- Pakistan is very business-friendly, with favorable tax incentives and business laws for certain services and businesses. In addition, the weaker currency allows for strong labor arbitrage opportunities. Also, Pakistan has the best performing stock market in Asia.
- Successful companies and major global brands have been operating in Pakistan for years.
- Pakistan has a strong startup scene, with various incubators funded by multinationals and private individuals.
In today’s business world, companies need to not only become more efficient while adjusting to the new normal, but also need to transform themselves through innovation. Traditional outsourcing vendors are inflexible, making outsourcing vendors look more attractive.
Pakistan is a technology outsourcing destination that delivers value and meets businesses ever-changing needs, making it a smart choice for an outsourcing destination.
About Midlynk
Midlynk is a freemium platform that aims to connect jobseekers in Pakistan with companies in the US, Canada, and the UAE. We facilitate the complete hiring process of full-time, part-time, and freelancers in Pakistan both for remote, physical and hybrid jobs. Read more about us here.