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In just four months, Pakistan has earned $829 million from IT services exports

Techx Editor by Techx Editor
January 1, 2022
in News
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In just four months, Pakistan has earned $829 million from IT services exports

Pakistan earned $829.977 million in the first four months of fiscal year 2021-22 by providing various IT services in other countries. According to PBS, this marks a 39.24% increase over the $596.090 million earned from service provision over the same period in fiscal year 2020-21.

Computer service exports climbed by 39.01 percent from July to October (2021-22), jumping from $467.690 million previous fiscal year to $650.117 million this fiscal year.

Software consultancy services exports climbed 47.95 percent, from $156.256 million to $231.178 million, while hardware consultancy service exports increased 353.54%, from $0.198 million to $0.898 million.

Computer software-related exports and imports climbed by 45.21 percent, from $115.330 million to $167.475 million, while repair and maintenance exports increased from $0.179 million to $0.404 million.

In addition, other computer services exports increased by 27.81 percent, from $195.727 million to $250.162 million. Meanwhile, throughout the review period, information service exports increased by 53.51 percent, from $1.140 million to $1.750 million.

News agency services rose 107.60 percent from $0.579 million to $1.202 million in information services, while other information services fell 2.32 percent from $0.561 million to 0.548 million.

Telecommunications exports climbed by 39.96 percent in the year under review, from $127.260 million to 178.110 million, according to the study.

To read our blog on In the Mini Budget, the IT Minister opposes the imposition of new taxes on the telecom sector, click here.

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