Karachi May 18 2024: Pakistan’s Technology export remittances surged to historic record high of USD 310 million in April 2024, marking an impressive increase of 62% compared to USD 191 million in April 2023.
The share prices of Systems Limited, Telecard, and Hallmark Company Limited experiened gains on Friday at Pakistan Stock Exchange, while, Avanceon, Octopus, Netsol and Pakistan Telecommunication share prices saw negative trend on Friday.
Moreover, in comparison to the previous month of March 2024, ICT services export remittances have grown by US$ 4 million, reflecting a 1.3% growth in April 2024.
Country’s ICT export remittances have seen a remarkable increase, soaring by USD 458 million (21.4%) to reach USD 2.593 billion during July 2023 to April 2024 of FY2023-24, compared to USD 2.135 billion reported for the same period last year.
The Ministry of IT and Telecommunication, along with the Pakistan Software Export Board (PSEB) in close coordination with the Special Investment Facilitation Council (SIFC), has been instrumental in driving accelerated international business development and improving the ease of doing business environment.
