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Home Economy

Pakistan earns $426 million of services IT services export in 2 month

by News Publishing
October 21, 2022
in Economy, Technology
Reading Time: 2 mins read
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Pakistan earns $426 million from IT services export in 2 months
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Pakistan earned US$ 426.070 million by providing different Information Technology (IT) services in various countries during the first two months of the current fiscal year 2022-23.

According to the Pakistan Bureau of Statistics (PBS), this represents a growth of 1.45% when compared to the US$ 419.980 million earned through the provision of services during the corresponding months of the fiscal year 2021–22.

During July-August (2022-23), the export of computer services grew by 10.10 percent as it surged from US$ 312.620 million last fiscal year to US$ 344.190 million this year.

The exports of computer services have seen a difference between the exports of hardware consultancy services, which drops by 36.31 percent from US$ 0.515 million to US$ 0.328 million, and the exports of software consultancy services, which increased by 7.20 percent from US$ 113.566 million to US$ 121.740 million.

While exports of repair and maintenance services fell to US$ 0.187 million from US$ 0.192 million, the export and import of services related to computer software increased by 31.24 percent, from US$ 73.552 million to US$ 96.529 million.

In addition, the exports of other computer services witnessed a nominal increase of 0.49 percent going up from US$ 124.795 million to US$ 125.406 million.

Meanwhile, the export of information services during the period under review declined by 32.67 percent going down from US$ 1.010 million to US$ 0.680 million.

Among other information service exports also decreased by 12.25 percent, from US$ 0.253 million to US$ 0.222 million, and the exports of news agency services fell by 39.50 percent, from US$ 0.757 million to US$ 0.458 million.

The export of telecommunication services also witnessed a decrease of 23.65 percent as these went down from US$ 106.350 million to US$ 81.200 million during the months under review, the data revealed.

Among the telecommunication services, the export of call centre services increased by 28.49 percent during the period as its exports increased from US$ 27.058 million to US$ 34.766 million whereas the export of other telecommunication services decreased by 41.44 percent, from US$ 79.292 million to US$ 46.434 million during the period under review, the PBS data revealed.

Tags: IT serviceslatestPakistanPBS
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