IT exports up 29pc to $1.94bn
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Loading... - Yuvraj Keskar
- 26 Apr 2022
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According to the Ministry of Information Technology and Telecommunication’s data, in March 2022, IT export remittances reached $259 million at a growth rate of 23.92 per cent when compared to $209m reported in March 2021.
The IT exports in the month of March were also $58m higher than remittances received in the month of February 2022 which were $201m.
During the nine months of the current fiscal year the net exports related to the IT sector only, excluding other services such as call centres etc has been $1.47bn which accounts to 75.56pc of the total $1.94bn ICT exports.
The net IT-only exports went up in the current fiscal year compared to FY21. Last year, the net exports were $1.12bn which was 74.72pc of $1.50bn received in exports proceeds.
However, due to the recent political uncertainty, it is less likely that the country might achieve the target of Rs3.5bn through the IT export remittances.
After the figures were released, the federal minister for IT and Telecommunications, Syed Aminul Haq directed the Pakistan Software Export Board (PSEB) to take an extra step to achieve the IT export target. Read More…
