Pakistan earns $854 million from IT services’ export in 4 monthsBreaking

December 21, 2022

Pakistan earned US$ 854.100 million by providing different Information Technology (IT) services to various countries during the first four months of the current fiscal year 2022-23. This shows a growth of 2.92 percent as compared to US$ 829.890 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-October (2022-23), the export of computer services grew by 5.86 percent as it surged from US$ 650.090 million last fiscal year to US$ 688.160 million this year.

Among the computer services, the exports of software consultancy services witnessed an increase of 9.65 percent, from US$ 231.238 million to US$ 253.549 million while the exports of hardware consultancy services also rose by 12.36 percent from US$ 0.898 million to US$ 1.009 million. The export and import of computer software-related services surged by 13.58 percent, from US$ 167.475 million to US$ 190.224 million whereas the exports of repair and maintenance services increased to US$ 0.443 million from US$ 0.404 million.

In addition, the exports of other computer services witnessed a nominal decrease of 2.86 percent going from US$ 250.075 million to US$ 242.935 million. Meanwhile, the export of information services during the period under review declined by 20.57 percent by going down from US$ 1.750 million to US$ 1.390 million.

Among the information services, the exports of news agency services decreased by 14.81 percent, from US$ 1.202 million to US$ 1.024 million whereas the exports of other information services also decreased by 33.21 percent, from US$ 0548 million to US$ 0.366 million. The export of telecommunication services also witnessed a decrease of 7.58 percent as these went down from US$ 178.050 million to US$ 164.550 million during the months under review, the data revealed.

Credit : Independent News Pakistan-INP