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Monday, November 25, 2024

Pakistan earns $635mn from the export of IT services in the first quarter - TechJuice

Last updated Friday, November 19, 2021 01:06 ET

In what has been a pretty impressive period of growth for the country’s information technology ambitions, Pakistan recorded earnings of over $635 million by providing various IT services to a whole host of countries during the first quarter of the financial year 2021-22.
As per data from the Pakistan Bureau of Statistics (PBS) discussed by the Daily Times, the export of computer services grew by 40.90 percent during July-September 2021, increasing from $348.4 million last fiscal year to $490.89 million this year.
Among the computer-related services being provided by Pakistan, the export of software consultancy services experienced a significant surge of 52.72 percent from $115.534 million to $176.534 million.
Meanwhile, the export of hardware consultancy services rose by an incredible 506.52 percent from $0.138 million to $0.837 million.
The export and import of computer software-related services also rose by 42.39 percent, from $87.575 million to $124.702 million whereas the export of repair and maintenance services surged to $0.345 million from $0.145 million.
In addition, the export of other computer services increased by 30.03 percent going up from $145.008 million to $188.560 million.
Meanwhile, the export of information services during the period under review increased by 76.32 percent by going up from $0.760 million to $1.340 million.
The export of services in general during the first quarter this year, as compared to the same period last year, has witnessed an...



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