Country earns $2,60m from IT services’ export during FY 2023

Business Aug, 21 2023
Country earns $2,60m from IT services’ export during FY 2023
  • 305
  • 0

ISLAMABAD: Pakistan earned $ 2,605.34 million by providing different Information Technology (IT) services in various countries during twelve months of fiscal year 2022-23. This shows nominal decline of 0.53 percent as compared to $ 2,619.100 million earned through provision of services during corresponding period of fiscal year 2021-22, Pakistan Bureau of Statistics (PBS) reported.

During July-June (2022-23), export of computer services grew by 0.08 percent as it surged from $ 2,109.370 million last fiscal year to $ 2,110.990 million year under review.

Among computer services, exports of software consultancy services witnessed decrease of 4.36 percent, from $795.464 million to $ 760.780 million while exports of hardware consultancy services however increased by 87.97 percent from $ 2.918 million to $ 5.485 million. Export and import of computer software-related services also rose by 5.58 percent from $ 566.393 million to $598.02 million whereas exports of repair and maintenance services surge to $ 2.855 million from $ 1.446 million.

In addition, exports of other computer services increased by 0.09 percent going up from $ 743.149 million to $ 743.850 million. Meanwhile, export of information technology services during period under review increased by 5.54 percent by going up from $ 5.230 million to $ 5.520 million.

Among information services, exports of news agency services increased by 3.94 percent from $ 3.448 million to $ 3.584 million whereas exports of other information services also increased by 8.64 percent from $ 1.782 million to $ 1.936 million.

Published in The Daily National Courier, August, 22 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Justice Shah relinquishes role as SC's administrative judge

ISLAMABAD: The Supreme Court's senior puisne judge, Justice Mansoor Ali Shah, has relinquished from the position of a SC administrative judge, yesterday. It has emerged that Justice Mansoor refused to sign regular administrative documents that were h...

OVER INVOLVEMENT IN MAY 9 RIOTS

RAWALPINDI: Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan's nephew Hassan Khan Niazi is among 60 more "culprits" sentenced by the military court for their involvement in the May 9 riots, the military's media wing said yesterday. "The Field Genera...

Pak Army major martyred, 13 terrorists killed: ISPR

RAWALPINDI: A Pakistan Army major embraced martyrdom while 13 terrorists were killed during three separate operations in Khyber Pakhtunkhwa, the military's media wing said yesterday. An intelligence-based operation was conducted on the reported prese...

Pak-China partnership key to regional stability: PM

ISLAMABAD: Prime Minister Shehbaz Sharif emphasised the enduring and pivotal strategic partnership between Pakistan and China, calling it "an anchor of regional stability" and "a beacon of hope for global peace and prosperity." Speaking at a ceremony...

More like this
Related

SBP to remain closed on Wed, December 25

KARACHI: The State Bank of Pakistan (SBP) announced on Monday that it will remain closed on Wednesday, December 25, 2024, in observance of Quaid-e-Azam Day and Christmas. In a statement, the central bank confirmed the closure in line with the public...

FBR updates password policy

KARACHI: The Federal Board of Revenue (FBR) has announced changes to its password policy, aiming to enhance the security of users' credentials. Under the new policy, users will be required to change their passwords every 60 days to maintain maximum...

KSE-100 surges by over 4,400 points

KARACHI: A significant surge in buying activity was observed at the Pakistan Stock Exchange (PSX) on Monday, as the KSE-100 Index jumped over 4,400 points, marking the second largest single-day point increase. The positive momentum lasted throughout...

IFC, local banks to finance $52.2mln for tyre production in Pakistan

KARACHI: The International Finance Corporation (IFC), a member of the World Bank Group, alongside a consortium of Pakistani banks including HBL, Meezan Bank, Bank Alfalah, and Habib Metropolitan Bank, will provide up to $50.2 million in financing to...
Need Help? Chat with us