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Home Business & Stock

Pakistan’s IT exports reach $2,369 mn in FY22-23

MM News Staff by MM News Staff
July 19, 2023
Reading Time: 1 min read

Pakistan earned US$ 2,369.110 million by providing different Information Technology (IT) services to various countries during the first eleven months of the fiscal year 2022-23.

This shows a nominal decline of 0.59 percent as compared to US$ 2,383.140 million earned through the provision of services during the corresponding months of the fiscal year 2021-22, the Pakistan Bureau of Statistics (PBS) reported.

During July-May (2022-23), the export of computer services declined by 0.16 percent as it went down from US$ 1,913.360 million last fiscal year to US$ 1,910.39 million this year.

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Among the computer services, the exports of software consultancy services witnessed a decrease of 2.38 percent, from US$ 715.743 million to US$ 698.737 million while the exports of hardware consultancy services rose by 114.50 percent from US$ 2.448 million to US$ 5.251 million.

The export and import of computer software-related services surged by 5.47 percent, from US$ 512.167 million to US$ 540.169 million whereas the exports of repair and maintenance services increased to US$ 2.822 million from US$ 1.435 million.

In addition, the exports of other computer services witnessed a decrease of 2.66 percent going down from US$ 681.567 million to US$ 663.411 million.

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