Country earns $2,60m from IT services’ export during FY 2023

Business Aug, 21 2023
Country earns $2,60m from IT services’ export during FY 2023
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ISLAMABAD: Pakistan earned $ 2,605.34 million by providing different Information Technology (IT) services in various countries during twelve months of fiscal year 2022-23. This shows nominal decline of 0.53 percent as compared to $ 2,619.100 million earned through provision of services during corresponding period of fiscal year 2021-22, Pakistan Bureau of Statistics (PBS) reported.

During July-June (2022-23), export of computer services grew by 0.08 percent as it surged from $ 2,109.370 million last fiscal year to $ 2,110.990 million year under review.

Among computer services, exports of software consultancy services witnessed decrease of 4.36 percent, from $795.464 million to $ 760.780 million while exports of hardware consultancy services however increased by 87.97 percent from $ 2.918 million to $ 5.485 million. Export and import of computer software-related services also rose by 5.58 percent from $ 566.393 million to $598.02 million whereas exports of repair and maintenance services surge to $ 2.855 million from $ 1.446 million.

In addition, exports of other computer services increased by 0.09 percent going up from $ 743.149 million to $ 743.850 million. Meanwhile, export of information technology services during period under review increased by 5.54 percent by going up from $ 5.230 million to $ 5.520 million.

Among information services, exports of news agency services increased by 3.94 percent from $ 3.448 million to $ 3.584 million whereas exports of other information services also increased by 8.64 percent from $ 1.782 million to $ 1.936 million.

Published in The Daily National Courier, August, 22 2023

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