Sunday, October 6, 2024

Pakistan Earns $1.9 Billion from IT Services’ Export in 9 Months

Pakistan earned US$1,947,902 million in the first three-quarters of fiscal year 202122 by providing various Information Technology (IT) services in different countries in 202021, PBS reported.

From July to March (202122), the export of computer services grew by 31.38 percent, rising from US$1,191,160 million last fiscal year to US$1,564,922 million this year.

Among computer services, exports of software consulting services recorded an increase of 46.84 percent from US$393.791 million to US$578.241 million, while exports of hardware consulting services also increased by 304.18 percent from US$0.407 million to US$1.645 million.

Exports and imports of software-related services also rose 41.59 percent from US$294.965 million to US$417.631 million, while exports of repair and maintenance services increased by US$1.$130 million from $0.399 million.

Likewise, exports of other computer services increased by 12.89 percent, from $501,598 million to $566 million.275 million.

For its part, the export of IT services increased by 37.54 percent during the analyzed period, rising from $3,010 million to $4,140 million.

In information services, exports of news agency services increased by 69.82 percent from $1,640 million to $2,785 million, while exports of other information services fell 1.09 percent from $1,370 million to $1.355 million.

Telecom services exports also rose 21.16 percent as they rose to $378.84 billion from $312.69 billion in the year under review, the data showed.

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