TECHNOLOGY

In just two months, Pakistan earns $426 million from IT exports

In just two months, Pakistan earns $426 million from IT exports

In just two months, Pakistan earns $426 million from IT exports

In just two months, Pakistan earns $426 million from IT exports

In comparison to the first two months of the previous fiscal year, the IT industry saw a 10% rise in overall exports.
While Pakistan’s economic situation remains volatile, the IT industry is showing indications of progress. According to sources, Pakistan’s IT exports in the last two months were $426 million.

This is not the first time Pakistan’s IT industry has experienced rapid expansion. Despite political and economic challenges, the business has been growing. IT exports were roughly $2615 million last year, a 24% increase that shattered all prior records.

While cheap setup and labour costs make Pakistan an attractive location for IT services, development has been consistent in recent years, and the industry appears to be flourishing. The $426 million earned in the first two months of current fiscal year came from a range of services.

These IT services encompass software development, information technology, and telecommunications.

In comparison to the first two months of the previous fiscal year, the industry’s overall exports increased by 10%. However, it was discovered that, while the export of software services increased dramatically, the export of information and communications services actually decreased.

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