Pakistan IT exports reaches $448 Million in July-August

Pakistan earned US $448.971 million by providing different Information Technology services in various countries during the first two months of the current fiscal year 2023-24. This shows a growth of 5.15 per cent as compared with the US $427.000 million earned through the provision of services during the corresponding months of the last fiscal year 2022-23, the Pakistan Bureau of Statistics (PBS) reported.

During the months under review, the export of computer services grew by 4.65 per cent as it surged from US $345.470 million last year to US $361.518 million during July-August 2023.

The export of telecommunication services increased by 7.56 per cent as these went up from US $80.850 million to US $86.963 million, the data revealed.

Among the computer services, the exports of software consultancy services witnessed an increase of 196.04 per cent, from US $0.328 million to US $0.971 million this year while the export of hardware consultancy services also increased by 4.60 per cent, from US $121.733 million to US $127.329 million.

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