Significant increase recorded in Pakistani IT exports

Significant increase recorded in Pakistani IT exports

*The Information and Communications Technology (ICT) exports of the countrywent up to $2.616 billion in the fiscal year 2021-22 while the exports inJune increased by $52 million, the IT ministry told. *

According to the IT ministry, the ICT exports of the country went up by $52million in June in comparison to May 2022. The rate of increase of ICTexports was 24.1%, it added.

According to the ministry data, the exports in the fiscal year 2020-21 were$2.108 billion. ICT exports in June 2022 were $235 million, which went upto $287 million.

Earlier in January 2022, the Federal Minister for Information Amin ul Haquesaid that Pakistan ICT exports have witnessed an over 35 per cent increaseduring the first half of the fiscal year 2021-22.

The IT minister said that the exports reached US$1.3 billion during the sixmonths from July to December 2021 against Rs959 million exports during thesame period of the previous fiscal year.

“December 2021 saw a 28.72 % increase in the ICT exports after it reachedover US$251 million as compared to US$195 million exports in December2020,” Amin ul Haque said and added that December also witnessed anincrease by US$30 million from November 2021.