In positive economic development, Pakistan IT exports register increase in FY 2019-20

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In positive economic development, Pakistan IT exports register increase in FY 2019-20

ISLAMABAD: Pakistan’s information technology sector exports witnessed 14 percent growth in the first quarter (July-September) 2019-2020 to reach $234.607 million compared to $205.797 million during the same period of last year.

Officials of the Ministry of Information Technology and Telecommunication said that following the directives of the Federal Minister for Information Technology and Telecommunication, Secretary Ministry of IT and Telecommunication Shoaib Ahmad Siddiqui reviewed the performance of Pakistan Software Export Board (PSEB) during the first three months of Financial Year 2019-20 (July-September), *Business Recorder *reported.

Managing Director (MD) and senior management of PSEB briefed the federal secretary about PSEB performance during the period from July to September this year.

The secretary was apprised that 14 percent increase in IT exports has been witnessed in the period from July-September 2019 as compared to the first 3 months of the financial year 2018-19 as it increased from $205.797 million to $234.607 million, claimed the report.

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