Pakistan earns $876 million from IT services’ export in July-September

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2024-11-26T06:26:35+05:00 NEWS WIRE

ISLAMABAD  -  Pakistan earned $876.457 million by exporting different information technology (IT) services in various countries during the first three months of the current fiscal year 2024-25. This shows a growth of 33.69 percent as compared with the $655.606 million earned through the provision of services during the corresponding months of the last fiscal year 2023-24, the Pakistan Bureau of Statistics (PBS) reported.

During the months under review, the computer services grew by 39.38 percent as it surged from $534.220 million last year to $744.571 million during July-September 2024. Among the computer services, the exports of software consultancy services witnessed an increase of 39.68 percent, from $182.371 million to $254.740 million this year while the export of hardware consultancy services also surged by 18.51 percent, from $1.451 million to $1.720 million. The export of repair and maintenance services surged by 102.12 percent from $0.286 million to $0.579 million whereas the export and imports of computer software services however decreased by 9.27 percent, from $153.525 million to $139.289 million. In addition, the exports of other computer services witnessed a growth of 77.15 percent, from $196.585 million to $348.241 million.

Meanwhile, the export of information services during the months under review also increased by 1148.24 percent, growing from $0.721 million to $9.011 million. Among the information services, the exports of news agency services went up by 2141.76 percent, from $0.385 million to $8.646 million whereas the exports of other information services also rose by 8.35 percent, from $0.336 million to $0.364 million. The data revealed that the export of telecommunication services also increased by 1.83 percent as these went up from $120.663 million to $122.874 million. Among the telecommunication services, the export of call centres services increased by 25.63 percent during the months as its exports increased from $54.407 million to $68.352 million whereas the export of other telecommunication services decreased by 17.71 percent, from $66.256 million to $54.521 million during this year, the PBS data revealed.

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