ISLAMABAD – Pakistan software exports register significant growth in FY2019.
Pakistan’s IT companies continued to strengthen their niche in softwareconsultancy services as they attracted over $100 million in receipts infirst four months of the current financial year 2019-20.
According to the data released by State Bank of Pakistan, the country’sexports in the core field of software consultancy have surged to $129million during the period of July to October 2019 as compared to $113million in the same period last financial year, showing a staggering growthof 14.7 percent year-on-year.
The growth in the field of software consultancy is prominent among otherareas of IT exports such as telecommunication services, hardwareconsultancy services and call centers.
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The overall growth in this field was seen due to the improvement in demandand acceptance of Pakistani companies.
The exports of software consultancy have not only grown this year but theyhave shown an upward trajectory for the past couple of years including thedominating contribution to the overall exports of Pakistan’s ICT sector.
