ICT export remittances jumped by 13.33 pc to $221m

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The Information and Communication Technology (ICT) export remittances have risen by 13.33 per cent to $221 million in October this year from $195 million reported for the same period last year.

“ICT export remittances of US$ 854 million have been reported by the State Bank of Pakistan (SBP) for the period July to October of FY2022-23, which is an increase of 2.89%.In comparison to US$ 830 million reported for the same period last year,” said a news release.

The net ICT exports of $721 million have been reported by SBP which is an increase of 14.44 per cent as compared to net exports of $630 million for the same period in FY2021-22.—APP

 

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