Saturday, May 18, 2024

Pakistan Earns $426 Million from IT Services’ Export in 2 Months

Pakistan earned a mammoth income of around US$ 426.070 million by providing different Information Technology (IT) services in various countries during the first two months of the current fiscal year 2022-23.

During July-August (2022-23), the export of computer services grew by 10.10 percent as it surged from US$ 312.620 million last fiscal year to US$ 344.190 million this year.

The export and import of computer software-related services surged by 31.24 percent, from US$ 73.552 million to US$ 96.529 million.

Export of information services during the period under review declined by 32.67 percent going down from US$ 1.010 million to US$ 0.680 million.

The export of telecommunication services also witnessed a decrease of 23.65 percent as these went down from US$ 106.350 million to US$ 81.200 million.

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