Home Technology Pakistan Records Its Highest Ever IT Exports In 9 Months of FY...

Pakistan Records Its Highest Ever IT Exports In 9 Months of FY 2022

405
0

Pakistan has marked a record increase in its IT exports which is estimated to be highest ever IT exports in 9 months of FY 2022.

IT export remittances including telecom, PC, and data administrations from July 2021 to March 2022 have surged to $1.948 billion increasing by 29.26% in contrast with $1.507 billion during the same period in FY 2020-21.

As per the Ministry of Information Technology and Telecommunication’s data, in March 2022, ICT export remittances were $259 million at a growth rate of 23.92% when compared to $209 million reported in March 2021.

They were also $58 million higher than export remittances of $201 million during the previous month of February 2022.
Net exports for the period July 2021 to March 2022 during FY2021-22 were $1.472 billion which is 75.56% of the total $1.948 billion in ICT exports. Last year, for the same period the net exports were $1.126 billion which was 74.72% of $1.507 billion in exports.
Federal Minister for IT and Telecommunication Syed Aminul Haq has directed the PSEB to take every possible step to achieve the target of IT exports remittances. He said that under the prime minister’s vision of “Digital Pakistan”, it is vital to take forward all the matters related to information technology and connect the youth especially students to the digital world.

For all the latest updates and news, visit CxO Global FORUM.

Previous articleTofino Capital To Invest In Pakistan’s Startups From A $10mn Fund
Next articleDeep Web Hydra and its Demise