Pakistan Gaming Industry Earnings Expected to Cross $200M in 2023
Pakistan: According to the most recent information, Mr. Muhammad Zohaib Khan, the Chairman of the Pakistan Software Houses Association (P@SHA), has asserted that Pakistan’s gaming sector is making significant profits. The gaming industry in Pakistan generated about $171,30M in 2022. With a predicted annual growth rate of 9.77% from 2023 to 2027, the earnings are now anticipated to surpass $200M in 2023.
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The most recent statistics show that $21.34 million was made through online games, while $16.13 million was made from downloading games. Around 8500 game developers work in Pakistan in three industries, including gaming services, middleware, and products.
Mr. Khan added that Pakistan has a great chance to emerge as the next regional centre for the gaming industry because its youth are so gifted and clever. As a result, 3000 additional game developers might be added to the HR pool each year.
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Additionally, he requested that the Federal Government, SBP, and FBR use foreign exchange management to modify their regulations to comply with practises at the worldwide level. Additionally, they must grant the IT industry the freedom to manage their foreign currencies for the benefit of their companies and to finance investments in networking, marketing, and sales.
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