Pakistan earns $635m from exports of IT services in Q1

ISLAMABAD: Pakistan earned US $635.010 million by providing different information technology (IT) services in various countries during the first quarter of financial year 2021-22.
This shows growth of 42.67 percent when compared to US $445.080 million earned through provision of services during the corresponding period of fiscal year 2020-21, Pakistan Bureau of Statistics (PBS) reported.
During July-September (2021-22), the export of computer services grew by 40.90 percent as it surged from US $348.400 million last fiscal year to US $490.890 million this year.Among the computer services, the exports of software consultancy services witnessed increase of 52.72 percent, from US $115.534 million to US $176.534 million while the exports of hardware consultancy services also rose by 506.52 percent from, US $0.138 million to US $0.837 million.
The export and import of computer software related services also rose by 42.39 percent, from US $87.575 million to US $124.702 million whereas the exports of repair and maintenance services surge to $0.345 million from $0.145 million.
In addition, the exports of other computer services increased by 30.03 percent going up from US$ 145.008 million to US $188.560 million. Meanwhile, the export of information services during the period under review increased by 76.32 percent by going up from US $ 0.760 million to US $1.340 million.
Among the information services, the exports of news agency services increased by 134.06 percent, from US $ 0.411 million to US $ 0.962 million whereas the exports of other information services also increased by 8.31 percent, from US $ 0.349 million to US $ 0.378 million. –Agencies