Business

Pakistan’s IT Exports Cross $330 Million in May to Hit Record High

Pakistan’s IT and IT-enabled Services (ITeS) export remittances comprising computer services and call centre services increased by around 23 percent during the first eleven months (July-May) of the current fiscal year 2023-24 and stood at $2.925 billion compared to $2.371 billion during the same period of last fiscal year.

The official data showed that ITeS exports’ remittances increased by around 7 percent on a month-on-month (MoM) basis in May 2024 and stood at $332 million compared to $310 million in April 2024.

On a year-on-year (YoY) basis, the sector export remittances increased by around 41 percent compared to $236 million in May 2023.

The ICT export remittances, including telecommunication, computer, and information services, stood at $2.597 billion, a negative growth rate of around 1 percent in the fiscal year 2022-23 compared to $2.619 billion in the fiscal year 2021-22.

Share

View Comments

  • The level of my appreciation for your work mirrors your own enthusiasm. Your sketch is visually appealing, and your authored material is impressive. Yet, you appear to be anxious about the possibility of moving in a direction that may cause unease. I agree that you'll be able to address this matter efficiently.

Published by
ProPK Staff