Home Business Pakistan’s earns $199 million from IT services’ export during July 2022

Pakistan’s earns $199 million from IT services’ export during July 2022

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ISLAMABAD, Sep 23 (ABC): Pakistan earned US $199.100 million by providing different Information Technology (IT) services in various countries during the first month of current fiscal year 2022-23. This shows growth of 1.58 percent as compared with US $ 195.996 million earned through provision of services during the corresponding period of last fiscal year 2021-22, Pakistan Bureau of Statistics (PBS) reported. During the month under review, the computer services grew by 5.77 percent as it surged from US $150.456 million last year to US $159.140 million during July 2022.

Among the computer services, the exports of software consultancy services witnessed a decrease of 27.40 percent, from US $0.219 million to US $0.159 million this year while the export of hardware consultancy services however increased by 8.77 percent, from US $53.830 million to US $58.551 million. The export of repair and maintenance services declined by 95.68 percent from US $0.162 million to US $0.007 million whereas the export and imports of computer software services witnessed an increase of 31.41 percent, from $35.039 million to $46.044 million. In addition, the exports of other computer services dipped by 11.15 percent from US $61.206 million to US $54.379 million.

Meanwhile, the export of information services during the month under review also decreased by 6.45 percent by going down from US $0.310 million to US $0.290 million. Among the information services, the exports of information related services decreased by 2.39 percent, from US $0.209 million to US $0.204 million whereas the exports of other information services dipped by 14.85 percent, from US $0.101 million to US $0.86 million. The export of telecommunication services also decreased by 12.29 percent as these went down from US $45.230 million to US $39.670 million, the data revealed. Among the telecommunication services, the export of call centres services increased by 23.90 percent during the month as its exports increased from US $11.954 million to US $14.811 million whereas the export of other telecommunication services decreased by 25.29 percent, from US $33.276 million to US $24.859 million during this year, the PBS data revealed.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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