Pakistan earns $199m from IT services’ export in July

ISLAMABAD -Pakistan earned $199.100 million by providing different information technology (IT) services in various countries during the first month of current fiscal year 2022-23.

This shows growth of 1.58 percent as compared with $195.996 million earned through provision of services during the corresponding period of last fiscal year 2021-22, Pakistan Bureau of Statistics (PBS) reported. During the month under review, the computer services grew by 5.77 percent as it surged from $150.456 million last year to $159.140 million during July 2022. Among the computer services, the exports of software consultancy services witnessed a decrease of 27.40 percent, from $0.219 million to $0.159 million this year while the export of hardware consultancy services however increased by 8.77 percent, from $53.830 million to $58.551 million.

The export of repair and maintenance services declined by 95.68 percent from $0.162 million to $0.007 million whereas the export and imports of computer software services witnessed an increase of 31.41 percent, from $35.039 million to $46.044 million. In addition, the exports of other computer services dipped by 11.15 percent from $61.206 million to $54.379 million. 

Meanwhile, the export of information services during the month under review also decreased by 6.45 percent by going down from $0.310 million to $0.290 million. Among the information services, the exports of information related services decreased by 2.39 percent, from $0.209 million to $0.204 million whereas the exports of other information services dipped by 14.85 percent, from $0.101 million to $0.86 million. The export of telecommunication services also decreased by 12.29 percent as these went down from $45.230 million to $39.670 million, the data revealed. Among the telecommunication services, the export of call centres services increased by 23.90 percent during the month as its exports increased from $11.954 million to $14.811 million whereas the export of other telecommunication services decreased by 25.29 percent, from $33.276 million to $24.859 million during this year, the PBS data revealed.

Article source: https://www.nation.com.pk/25-Sep-2022/pakistan-earns-dollar-199m-from-it-services-export-in-july