ISLAMABAD – Pakistan earned US $595.080 million by providing differentinformation technology (IT) services in various countries during the firstfour months of financial year 2020-21.
This shows growth of 35.91 percent when compared to US $437.860 millionearned through provision of services during the corresponding period offiscal year 2019-20, Pakistan Bureau of Statistics (PBS) reported.
During the period under review, the computer services grew by 39.35 percentas it surged from US $334.980 million last year to US $466.810 millionduring July-October (2020-21).
Among the computer services, the exports of software consultancy serviceswitnessed increase of 20.12 percent, from US $129.950 million to US$156.101 million while the export and import of computer software relatedservices also rose by 15.87 percent, from US $99.322 million to US $115.080million.
The exports of hardware consultancy services decreased by 55.20 percentfrom, US $0.442 million to US $0.198 million whereas the exports of repairand maintenance services also decline by 76.42 percent from $0.759 millionto $0.179 million.
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In addition the exports of other computer services rose by 86.83 percentfrom US$104.507 million to US $195.252 million.
Meanwhile, the export of information services during the period underreview increased by 60.56 percent by going up from US $ 0.710 million to US$1.140 million.
Among the information services, the exports of news agency servicesincreased by 45.84 percent, from US $ 0.397 million to US $ 0.579 millionwhereas the exports of other information services also increased by 79.23percent, from US $ 0.313 million to US $ 0.561 million.
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The export of telecommunication services also witness an increase of 24.43percent as these went up from US $102.170 million to 127.130 million duringthe fiscal year under review, the data revealed.
Among the telecommunication services, the export of call center servicesincreased by 19.96 percent during the period as its exports increased fromUS $ 36.344 million to US $43.599 million whereas the export of othertelecommunication services also increased by 26.90 percent, from US $65.826million to US $83.531 million during the period under review, the PBS datarevealed.
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It is pertinent to mention here that the services trade deficit of thecountry during the first four months of fiscal year (2020-21) decreased by38.18 percent as compared to the corresponding period of last year.
During the period from July-October, 2020-21, services exports decreased by11.45 percent, whereas imports reduced by 22.38 percent, according the datareleased by Pakistan Bureau of Statistics.
The services worth US $ 1.625 billion exported during the period underreview as compared the exports of US $ 1.835 billion in same period of lastyear, whereas imports of services into the country was recorded at US $2.410 billion as against the imports of US $ 3.105 billion, the datarevealed.
