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IT exports increased by 39.26pc to $830 million in four months


ISLAMABAD: Pakistan’s information technology exports have surged 39.26 percent during four months (July-October) of ongoing fiscal year 2021-22.

In a statement, Minister for Information Technology and Telecommunication Syed Amin Ul Haque said “IT and Telecom, Information and Communications Technology (ICT) export remittances, including telecommunication, computer, and information services for the period July-October have surged to $830 million at a growth rate of 39.26 percent in comparison to $596 million last year.

He said the net exports for the period July-October FY2021-22 were $630 million which was 75.9 percent of $830 million in exports. Last year, for the same period the net exports were $423 million which was 70.97 percent of $596 million in exports.

He expressed the hope that by December 2022, IT exports would exceed the target of $3.5 billion.

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