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
  • 291
  • 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

Army Chief reiterates resolve to thwart nefarious designs of inimical elements

PESHAWAR: Amid rising terror incidents in Pakistan, Chief of Army Staff (COAS) General Asim Munir yesterday reiterated the army’s firm resolve to eradicate the illegal spectrum undermining national security, a statement from the military’...

PM Shehbaz forms panel to end PPP-PML-N rift

ISLAMABAD: Following PPP Chairman Bilawal Bhutto Zardari’s complaints against the incumbent government, Prime Minister Shehbaz Sharif has constituted a committee to resolve the issues between Pakistan Muslim League-Nawaz (PML-N) and Pakistan Pe...

Federal Ombudsman chairs 'open court' in District Central

KARACHI: An open court was held at the Deputy Commissioner's Office, Central Karachi, under the chairmanship of Federal Ombudsman Syed Anwar Haider. Deputy Commissioner Central Taha Saleem, Additional Deputy Commissioners Asim Siddiqui and Dr. Saira...

Hina Bayat discusses rising divorce rates

Hina Bayat Khawaja is one of Pakistan’s most beloved and versatile actresses, known for her insightful opinions and candid approach to life. Having enjoyed a successful career, she is highly regarded, and her views carry significant weight. Hin...

More like this
Related

Rohde & Schwarz Pakistan concludes day 01 of IDEAS 2024 on a positive note

KARACHI: 12th edition of IDEAS 2024 got underway today i.e. 19th November 2024 at Kashmir Hall, Karachi Expo Centre, Karachi. inauguration ceremony was a grand affair attended delegates, exhibitors, senior members of armed forces and selected members...

Gold prices hit one-week high

KARACHI: Gold prices continued their upward momentum on Wednesday, marking a one-week high as investors sought the safety of the precious metal amid growing geopolitical uncertainty, particularly the escalating Russia-Ukraine conflict. Spot gold ros...

Profit-taking drags PSX down, KSE-100 falls by 310 points

KARACHI: The Pakistan Stock Exchange (PSX) saw profit-taking on Wednesday, resulting in a decline of 310 points in the benchmark KSE-100 Index, which closed at 95,546.45, down 0.32%. The session began on a positive note, with the KSE-100 rising to a...

Ahsan Iqbal proposes GSP-Plus and 5Es framework for export-led growth

ISLAMABAD: Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, proposed a comprehensive strategy to align the European Union’s Generalized Scheme of Preferences (GSP-Plus) program with Pakistan’s 5Es framewo...
Need Help? Chat with us