Pakistan earns $2.17b from IT services export in seven months

ISLAMABAD: Pakistan earned $2.177 billion by exporting different information technology (IT) services in various countries during the first seven months of the current fiscal year 2024-25. This shows a growth of 26.53 percent as compared with the $1.720 billion earned through the provision of services during the corresponding months of the last fiscal year 2023-24, the Pakistan Bureau of Statistics (PBS) reported. During the months under review, the computer services export grew by 32.72 percent as it surged from $1.397 billion last year to $1.855 billion during July-January 2024-25.

Among the computer services, the exports of software consultancy services witnessed an increase of 35.51 percent, rising from $476.017 million to $645.036 million this year while the export of hardware consultancy services also witnessed an increase of 4.39 percent, increasing from $3.338 million to $3.485 million. Meanwhile, the export of information services during the months under review also increased by 736.66 percent, growing from $2.097 million to $17.551 million.

Among the information services, the exports of news agency services went up by 1197.51 percent, from  $1.269 million to $16.475 million, whereas the exports of other information services also rose by 29.96 percent, from $0.828 million to $1.076 million. The data revealed that the export of telecommunication services decreased by 5.05 percent as these came down from $320.891 million to $304.675 million. Among the telecommunication services, the export of call centres services increased by 25.22 percent during the months as its exports increased from $144.326 million to $180.728 million whereas the export of other telecommunication services decreased by 29.80 percent, from $176.565 million to $123.946 million during this year, the PBS data revealed.