Pakistan earns $1,719 million from IT services’ export in 7 months

During the initial seven months of the fiscal year 2023-24, Pakistan garnered a total of US $1,719.921 million through the provision of various Information Technology (IT) services to diverse countries, showcasing a growth of 12.78 percent compared to the US $1,524.969 million earned in the corresponding period of the previous fiscal year 2022-23, as reported by the Pakistan Bureau of Statistics (PBS).

Throughout this period, the export of computer services witnessed a notable increase of 14.09 percent, soaring from US $1,224.499 million to US $1,397.051 million from July to January 2023-24. Within the realm of computer services, the export of software consultancy services saw a modest uptick of 1.14 percent, reaching US $3.542 million compared to US $3.502 million last year. Similarly, hardware consultancy services experienced a rise of 4.73 percent, climbing from US $454.283 million to US $475.783 million. However, the export of repair and maintenance services declined by 12.17 percent from US $1.594 million to US $1.400 million, while the export and imports of computer software services increased by 2.71 percent, from $349.635 million to $359.094 million.

Conversely, the export of information services during this period witnessed a decrease of 19.62 percent, dropping from US $2.600 million to US $2.090 million. Within information services, the exports related to information saw a slight increase of 1.99 percent, rising from US $0.804 million to US $0.820 million, whereas the exports of news agency services decreased by 29.29 percent, declining from US $1.796 million to US $1.270 million.

Furthermore, the export of telecommunication services increased by 7.69 percent, rising from US $297.870 million to US $320.780 million. Among telecommunication services, call center services experienced a substantial growth of 18.95 percent, escalating from US $121.349 million to US $144.350 million. Conversely, other telecommunication services witnessed a marginal decrease of 0.05 percent, sliding from US $176.521 million to US $176.430 million during the same period, as per PBS data.