39.26 percent rise in the ICT exports witnessed

The exports for the information and communication technology department (ICT) have been risen in the data for the current fiscal year shown by the ministry of information, technology and telecommunication. This department also includes computer and information services which have surged to 830 million dollars during July- October of the current year, representing a growth of 39.26 percent as compared to 596 million dollars which was last year. The export remittances of IT and IT-enabled services, comprising computer services and call center services, surged to $2.123 billion increasing up to 47.43 percent in the current year.  

According to the ministry, net exports for the period July-October 2021-22 are $630 million, which is 75.9 percent of $830 million in exports. For the same period last year, the net exports were $423 million, meaning 70.97 percent of $596 million in exports. The government of Pakistan has also a declared a set target for over 5 billion dollars of export remittances through information technology services within the next three years.

The officials from the ministry of information and technology shared Pakistan based IT products were being imported to over 100 countries all around the globe by more than 6000 Pakistan based IT companies which has played a key role in the boost of these numbers. The spokesperson said the government was taking all possible steps to ensure a long-term IT industry growth trajectory and to enhance IT industry exports to $5 billion by 2023