Islamabad March 19 2022: Pakistan Information Technology (IT) exports rebounds to USD 201 million in February 2022 after hitting low of ten months in January 2022, as per data published by State Bank of Pakistan (SBP).
While increasing 12.2 percent to USD 201 million in February 2022, IT exports surged 29 percent to USD 1.68 billion in the first eight months of this fiscal year, mostly riding a massive stream of investment pouring into Pakistan’s technology sector.
IT exports increased by 8 percent when compared to IT exports of USD 186 million which was the low of last ten months.
Technology exports amounted to USD 387 million in the first two months of this calendar year. Pakistan’s total IT exports stood at USD 1.4 billion in FY2020, which increased to USD 2.1 billion in FY2021.
