Pakistan Generates $1.15 Billion from Exporting IT Services in 5 Months
Published on: January 28, 2024.
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Pakistan’s Information Technology (IT) services sector has shown significant growth, earning a total of US $1,151.956 million in the first five months of the current fiscal year 2023-24. This reflects a growth rate of 5.89% compared to the previous fiscal year.
According to the Pakistan Bureau of Statistics (PBS), the export of computer services saw a considerable increase of 8.17% during the July-November 2023 period. Revenue from computer services rose from US $864.429 million to US $935.016 million.
Software consultancy services experienced a substantial growth rate of 46.67%, with exports increasing from US $1.710 million to US $2.508 million. Similarly, hardware consultancy services observed a growth rate of 4.15%, rising from US $318.041 million to US $331.231 million.
However, there was a decline of 40.74% in the export of repair and maintenance services, falling from US $1.485 million to US $0.880 million. On the other hand, the export and import of computer software services increased by 4.05%, from US $239.473 million to US $249.179 million.
The export of information services witnessed a decrease of 22.91%, dropping from US $1.790 million to US $1.380 million. Among information-related services, there was a 12.37% increase in exports, growing from US $0.485 million to US $0.545 million. However, news agency services saw a decline of 36.02%, decreasing from US $1.305 million to US $0.835 million.
Telecommunication services also experienced a slight dip of 2.77% in exports, falling from US $221.710 million to US $215.560 million. Call center services, however, showed growth of 11.11%, with exports increasing from US $87.327 million to US $97.026 million. Other telecommunication services witnessed a decrease of 11.798%, falling from US $134.383 million to US $118.534 million.
Overall, Pakistan’s IT services sector has demonstrated positive growth in various areas, contributing significantly to the country’s economy. With the continuous development and expansion of this sector, Pakistan is poised to become a key player in the global IT industry.
Source: [Daily Times](https://dailytimes.com.pk)
