Pakistan earned $1.52 billion through different Information Technology (IT)services during the first three quarters of the financial year 2020-21,exhibiting a growth of 43.61 percent in comparison to $1052.950 millionearned through the provision of services during the corresponding period ofthe fiscal year 2019-20, the Pakistan Bureau of Statistics (PBS) reported.
During the period under review, the computer services grew by 46.56 percentas it surged from $812.040 million last year to $1190.110 million duringJuly-March (2020-21).
Among the computer services, the exports of software consultancy serviceswitnessed an increase of 25.11 percent, from $314.418 million to $393.374million. In comparison, the export and import of computer software-relatedservices also rose by 24.69 percent, from $236.501 million to $294.887million.
During the period under review, the export of information services alsoincreased by 72.99 percent by going up from $ 1.740 million to $3.010million.
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Pakistan’s IT exports grewlinkby58 percent during March 2021 and will expectedly cross the $2 billion marklinkbythe end of the current fiscal year for the first time,linkwiththe projectionlinktoreach $5 billion by 2023 and $10 billion by 2030link.It needs to be noted that the growth levelslinkhavebeen consistent throughout the current fiscal year.
