Times of Islamabad

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

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

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

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

Managing Director (MD) and senior management of PSEB briefed the federalsecretary about PSEB performance during the period from July to Septemberthis year.

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