There is no question that Pakistan is a huge untapped market when it comes to human resources especially in the IT sector. For years, companies have been offshoring their development work to Eastern European countries such as Ukraine and Belarus.

The signs of an upcoming recession are clear. The trillions of dollars printed during the pandemic coupled with the Russia-Ukraine conflict has caused unprecedented levels of inflation, high energy prices and extreme fuel shortages causing numerous businesses across the EU to file for bankruptcy and the UK economy to face the worst downturn of any advanced economy.