Pakistan software exports register significant growth in FY 2019

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Pakistan software exports register significant growth in FY 2019

ISLAMABAD - Pakistan software exports register significant growth in FY 2019.

Pakistan’s IT companies continued to strengthen their niche in software consultancy services as they attracted over $100 million in receipts in first four months of the current financial year 2019-20.

According to the data released by State Bank of Pakistan, the country’s exports in the core field of software consultancy have surged to $129 million during the period of July to October 2019 as compared to $113 million in the same period last financial year, showing a staggering growth of 14.7 percent year-on-year.

The growth in the field of software consultancy is prominent among other areas of IT exports such as telecommunication services, hardware consultancy services and call centers.

The overall growth in this field was seen due to the improvement in demand and acceptance of Pakistani companies.

The exports of software consultancy have not only grown this year but they have shown an upward trajectory for the past couple of years including the dominating contribution to the overall exports of Pakistan’s ICT sector.