Pakistan earned around $2200 million from IT services exports in 10 months

Pakistan earned $2,197.787 million by providing different Information Technology (IT) services to various countries during the ten months of fiscal year 2021-22.

As per Pakistan Bureau of Statistics (PBS) data, this shows growth of 29.29 percent as compared to $1,699.860 million earned through the provision of services during the corresponding period of fiscal year 2020-21.

During July-April (2021-22), the export of computer services grew by 30.77 percent as it surged from $1,343.550 million last fiscal year to $1,756.957 million this year.

Also Read  Singapore ready to ‘lead,’ when a crypto economy ‘takes off’

Among the plethora of computer services, the export of software consultancy services witnessed an increase of 48.43 percent, from $443.478 million to $658.239 million while the export of hardware consultancy services also rose by 337.72 percent from, $0.456 million to $1.996 million.

The export and import of computer software related services also rose by 41.42 percent, from $331.730 million to $469.133 million whereas the exports of repair and maintenance services jumped to $1.249 million from $0.464 million.

Also Read  PML-N’s dissident MPAs announce supporting Pervaiz Elahi

In addition, the exports of other computer services increased by 10.38 percent going up from $567.422 million to $626.340 million.

Meanwhile, the export of information technology services during the period under review increased by 39.51 percent by going up from $3.240 million to $4.520 million.

Among the information services, the exports of news agency services increased by 68.56 percent, from $1.765 million to $2.975 million whereas the exports of other information services increased by 4.75 percent, from $1.475 million to $1.545 million.

Also Read  Shilpa Shetty’s mother served bailable warrant

The PBS data further revealed that the export of telecommunication services also witnessed an increase of 23.58 percent as these went up from $353.070 million to $436.310 million during the year under review.

Leave a Comment