ISLAMABAD: During the first four months of the fiscal year 2023-24, Pakistan has demonstrated a robust performance in the Information Technology (IT) sector, raking in a substantial US $892.972 million from various IT services provided to different countries.
This figure showcases an impressive growth of 4.45 percent compared to the corresponding period in the last fiscal year, where earnings stood at US $854.918 million, according to data released by the Pakistan Bureau of Statistics (PBS).
The export of computer services played a pivotal role in this surge, experiencing a 4.81 percent increase from US $688.078 million to US $721.162 million from July to October 2023. Within the realm of computer services, software consultancy services marked a remarkable growth of 93.76 percent, escalating from US $1.009 million to US $1.955 million.
Additionally, hardware consultancy services saw a modest rise of 1.13 percent, reaching US $256.408 million from US $253.543 million.
Moreover, the export of repair and maintenance services recorded a positive uptick of 3.16 percent, climbing from US $0.443 million to US $0.457 million.
The exchange of computer software services also witnessed a 4.01 percent surge, advancing from US $190.228 million to US $197.862 million.
Conversely, the export of information services experienced a dip of 25.18 percent, decreasing from US $1.390 million to US $1.040 million. Within this category, information-related services enjoyed a notable 21.04 percent increase, rising from US $0.366 million to US $0.443 million.
In contrast, news agency services faced a decline of 41.70 percent, falling from US $1.024 million to US $0.597 million.
Telecommunication services demonstrated an overall growth of 4.45 percent, escalating from US $165.45 million to US $170.770 million. Call centers services, a subset of telecommunication services, experienced a substantial 8.84 percent increase, soaring from US $69.641 million to US $75.800 million.
Conversely, other telecommunication services saw a marginal decrease of 0.88 percent, moving from US $95.809 million to US $94.790 million.
In summary, Pakistan’s IT sector has exhibited a commendable performance, showcasing positive trends and significant growth across various facets of IT services during the initial months of the fiscal year 2023-24.
