Pakistan earns over 892 mln USD from IT exports in first 5 months of FY 2023-24-Xinhua

Pakistan earns over 892 mln USD from IT exports in first 5 months of FY 2023-24

Source: Xinhua

Editor: huaxia

2023-12-31 20:23:30

ISLAMABAD, Dec. 31 (Xinhua) -- Pakistan has earned 892.972 million U.S. dollars through IT exports in July-November, the first five months of the ongoing fiscal year 2023-24, the Pakistan Bureau of Statistics (PBS) said on Sunday.

On a year-on-year basis, the sector saw a 4.45 percent growth as compared to 854.918 million U.S. dollars recorded during the corresponding months of fiscal year 2022-23, the bureau said.

Among the computer services, the exports of software consultancy witnessed an increase of 93.76 percent whereas the hardware consultancy surged by 1.13 percent during the cited period, as compared to the same period of fiscal year 2022-23, the bureau added.

The exports of information services during the months under review dipped by 25.18 percent from a year earlier, the bureau added.

The exports of repair and maintenance services increased by 3.16 percent whereas the exports and imports of computer software services surged by 4.01 percent year on year, the PBS stated.

Among the information services, the exports of information-related services increased by 21.04 percent whereas the telecommunication services increased by 4.45 percent during the months under review.

Among the telecommunication services, the exports of call center services increased by 8.84 percent during the months while the exports of other telecommunication services witnessed a nominal decrease of 0.88 percent, the PBS data revealed.