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Pakistan Earns $1,523Mn by Providing IT Services to Countries

Islamabad: The Pakistan Bureau of Statistics (PBS) reports that Pakistan’s IT sector earned $1,523.280 million by offering IT services to numerous countries during the first seven months of 2022–23.

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Pakistan’s IT industry is growing. In comparison to the prior year, the calculated represented growth is 2.38 percent. Computer services exported by the nation increased by 2.87%, from $1,191.575 million to $1,225.730 million.

While exports of hardware consultancy services increased by a staggering 158.07%, from $1.357 million to $3.502 million, exports of software consultancy services also increased by 5.57%, from $430.309 million to $454.283 million. The outcomes demonstrate Pakistan’s IT sector’s success and the confidence the global market has in it.

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Computer software-related exports and imports increased by 11.89%, from $312.484 million to $349.635 million. Additionally, the exports of maintenance and repair services increased from $0.770 million to $1.594 million, demonstrating an increase in demand for Pakistan’s IT services.

The call center industry increased by 2.30%, from $118.669 million to $121.398 million, while other telecommunications services decreased by 0.55%, from $174.511 million to $173.552 million, contributing to the sector’s overall growth of 0.60%. This demonstrates that Pakistan’s telecom industry is expanding quickly.

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Nevertheless, the exports from other computer-related industries fell by 6.70%, from $446.655 million to $416.716 million. Similarly, throughout the review period, exports of information services decreased by 16.40%, from $3.110 million to $2.600 million.

The IT sector in Pakistan has expanded quickly in recent years, and the nation is increasingly becoming a hub for outsourcing IT services. Because of the support from the government and the industry’s continuing expansion, Pakistan’s IT exports are anticipated to reach new heights in the coming years.

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