Pakistan earns $2,197mn from IT services’ export in 10 months

Pakistan earns $2,197.787 million by providing different Information Technology (IT) services in various countries during the ten months of fiscal year 2021-22.

Pakistan earns $2,197mn from IT service  export in 10 months

This shows growth of 29.29 percent as compared to $1,699.860 million earned through provision of services during the corresponding period of fiscal year 2020-21, Pakistan Bureau of Statistics (PBS) reported. During July-April (2021-22), the export of computer services grew by 30.77 percent as it surged from $1,343.550 million last fiscal year to $1,756.957 million this year.

Among the computer services, the exports of software consultancy services witnessed an increase of 48.43 percent, from $443.478 million to $658.239 million while the exports of hardware consultancy services also rose by 337.72 percent from $0.456 million to $1.996 million. The export and import of computer software related services also rose by 41.42 percent, from $331.730 million to $469.133 million whereas the exports of repair and maintenance services surge to $1.249 million from $0.464 million.

In addition, the exports of other computer services increased by 10.38 percent going up from $567.422 million to $626.340 million. Meanwhile, Pakistan earns from IT services during the period under review increased by 39.51 percent by going up from $3.240 million to $4.520 million. Among the information services, the exports of news agency services increased by 68.56 percent, from $1.765 million to $2.975 million whereas the exports of other information services increased by 4.75 percent, from $1.475 million to $1.545 million.

The export of telecommunication services also witnessed an increase of 23.58 percent as these went up from $353.070 million to $436.310 million during the year under review, the data revealed. Among the telecommunication services, the export of call centre services increased by 42.98 percent during the period as its exports increased from $124.255 million to $177.658 million whereas the export of other telecommunication services also increased by 13.04 percent, from $228.815 million to $258.652 million during the period under review, the PBS data revealed.

Source: This news is originally published by profit.pakistantoday