$652mln earned from IT services’ exports

Staff Report

ISLAMABAD: Pakistan earned $652.720 million by providing different information technology (IT) services in various countries during the first six months of current financial year 2019-20.
This shows growth of 21.79 percent as compared to $535.940 million earned through provision of services during the corresponding period of fiscal year 2018-19, Pakistan Bureau of Statistics (PBS) reported.
During the period under review, the computer services grew by 25.35 percent, from $391.770 million last year to $491.090 million during July-December (2019-20).
Among the computer services, the exports of hardware consultancy services witnessed increase of 90.45 percent, from $0.880 million to $1.676 million while the export of software consultancy services also grew by 11.68 percent, from $173.972 million to $194.289 million.
The export and import of computer software related services increased by 9.32 percent, from $149.540 million to $163.482 million whereas the exports of maintenance and repair of computer services decreased by 62.06, from $3.297 million to $1.251 million.