Report by Engineering Post
Pakistan’s IT exports have quite appreciably reached US $ 2.18 billion in the first seven months of current financial year 2024-25 thus marking a 27 percent increase year-on-year basis compared to the same period in the previous fiscal year 2023-24.
According to the data available from the official sources concerned, this achievement has marked the 16thth consecutive Year-on-Year (Y-O-Y) for the IT exports which commenced from October 222023.
Country’s IT exports in January 2025 totaled US $ 313 million reflecting an increase of 16 percent on Y-0-Y although it had dropped by 10 percent as compared to December 2024.
However, export figures for January 2025 surpassed the 12-month average of US $ 303 million.
Pakistan’s overall exports have grown by 10.16 percent in the first seven months of the current financial year July 2024 to January 2025 reaching US $ 19.58 billion as compared to US $ 17.78 billion in the same period during the previous fiscal.
However, imports have also registered a rise of 7.08 percent during the period under report as the import figures totaled US $ 33.1 billion showing an increase of US 30.89 billion during the same period as compared to the preceding year.
During the period under report, the country’s exports included knitwear , ready -made garments, bed wear, rice other than basmati variety, and cotton cloth, towels, basmati rice, made-up textile articles, cotton yarn and sugar in varying figures.
Major imports included petroleum products, petroleum crude, palm oil, liquefied natural gas (LNG), plastic materials, iron and steel, mobile phones, raw cotton and liquefied petroleum gas (LPG) in varying figures.
