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Pakistan Information Technology Exports Hold Ground in First Quarter of Fiscal Year 2023

admin-augaf by admin-augaf
October 23, 2022
in Business, National, News, Technology
Reading Time: 2 mins read
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Pakistan Information Technology Exports Hold Ground in First Quarter of Fiscal Year 2023

A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS

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Islamabad October 23 2022: Pakistan earned US $633 million by providing different Information Technology (IT) services in various countries during the first quarter of fiscal year 2022-23, according to data released by State Bank of Pakistan.

This shows a slight decline of 0.3 percent as compared to US $634 million earned through provision of services during the corresponding period of fiscal year, that runs from July to June, 2021-22.

Among the computer services, the exports of software consultancy services witnessed an increase of 5.73 percent, from US $176.5 million to US $186.6 million while the exports of hardware consultancy services also rose by 10.27 percent from, US $0.923 million to US $0.837 million.

The export of computer software related services also rose by 14.51 percent, from US $124.7 million to US $142.7 million whereas the exports of repair and maintenance services decrease to $0.218 million from $0.345 million.

In addition, the exports of other computer services decreased by 1.38 percent from US$ 188.4 million to US $185.8 million.

Meanwhile, the export of information services during the period under review decreased by 23.31 percent from US $1.3 million to US $1.0 million.

Among the information services, the exports of news agency services decreased by 22.6 percent, from US $ 0.962 million to US $.744 million whereas the exports of other information services increased by 4.75 percent, from US $1.475 million to US $1.545 million.

The export of telecommunication services also witnessed decrease of 18.94 percent as these went from US $142.7 million to $115.0 million during the period under review, the data revealed.

Among the telecommunication services, the export of call centre services increased by 21.20 percent during the period as its exports increased from US $44.0 million to US $53.3 million whereas the export of other telecommunication services decreased by 36.8 percent, from US $98.6 million to US $62.3 million during the first quarter, the SBP data revealed.

Source: SBP

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