Pakistan earns $195 mln from IT services’ exports

By Ali Imran

ISLAMABAD: Pakistan earned US $195.990 million by providing different Information Technology (IT) services in various countries during the first month of current financial year 2021-22.
This shows growth of 20.22 percent as compared with US $ 163.020 million earned through provision of services during the corresponding period of last fiscal year 2020-21, Pakistan Bureau of Statistics (PBS) reported. During the month under review, the computer services grew by 23.04 percent as it surged from US $122.280 million last year to US $150.450 million during July 2021.
Among the computer services, the exports of software consultancy services witnessed increase of 434.15 percent, from US $0.41 million to US $0.219 million while the export of hardware consultancy services also increased by 39.27 percent, from US $38.651 million to US $53.830 million.
The export of repair and maintenance services enhanced by 211.54 percent from US $0.52 million to US $0.162 million whereas the export and imports of computer software services witnessed an increase of 4.31 percent, from $33.561 million to $35.009 million.
In addition the exports of other computer services rose by 22.52 percent from US $49.975 million to US $61.230 million.