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Pakistan earns $2,369m from IT services’ export

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Pakistan earned US$ 2,369.110 million by providing different Information Technology (IT) services to various countries during the first eleven months of the fiscal year 2022-23.

This shows a nominal decline of 0.59 percent as compared to US$ 2,383.140 million earned through the provision of services during the corresponding months of the fiscal year 2021-22, the Pakistan Bureau of Statistics (PBS) reported.

During July-May (2022-23), the export of computer services declined by 0.16 percent as it went down from US$ 1,913.360 million last fiscal year to US$ 1,910.39 million this year.

Among the computer services, the exports of software consultancy services witnessed a decrease of 2.38 percent, from US$ 715.743 million to US$ 698.737 million while the exports of hardware consultancy services rose by 114.50 percent from US$ 2.448 million to US$ 5.251 million.—APP

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