ISLAMABAD: Pakistan has shown significant export growth in the Information Communication Technology (ICT) sector from July to February in the Fiscal Year 2021-2022.
According to the data released by the Ministry of Information Technology and Telecommunication (MoITT), export remittances, including telecommunication, computer and information services, during the eight months (July 2021 to February 2022), have surged to $1.689 billion at a growth rate of 29.92% in comparison with USD1.3 billion during the same period in FY 2020-21, reported WealthPK.
In February 2022, the ICT export remittances were $201 million at a growth rate of 12.29% compared with USD179 million reported for the month of February 2021.
Data shows that the ICT exports kept growing in February 2022. Similarly, the growth ratio in ICT export remittances was the highest ever in January 2022. The export proceeds surged to $1.487 billion at a growth rate of 32.65% in July-January period of 2021-22 compared to $1.121 billion during the same period of the Fiscal Year 2020-21.
Exports of telecommunication services were valued at $27 million in January 2022 compared to $24 million in January 2021, registering a growth of 10.4%. The call center services were worth $16 million in January 2022 compared to $10 million in January 2021, registering a growth of 58.7%.
Similarly, computer services exports were $157 million in January 2022 compared with $136 million in January 2021, posting a growth of 15%.
The hardware consultancy services were worth $0.162 million in January 2022 compared with $0.043 million in January 2021, growing at a rate of 509%.
The software consultancy services were worth $61 million in January 2022 compared to $44 million in January 2021, registering a growth of 40.7%.
The exports in computer services were $39 million in January 2022 compared with $34 million in January 2021, registering a growth of 14.2%.
The Pakistan Software Export Board (PSEB) said the uptick in exports resulted from the government’s recent approval of several incentives to facilitate the IT industry. These measures will help achieve aggressive growth targets and tap the business potential of all the sub-sectors operating in the field.
Federal Minister for IT and Telecommunication Syed Aminul Haq has directed the PSEB to take every possible step to achieve the IT exports targets. He said under the prime minister’s vision of “Digital Pakistan”, it was vital to take every step to connect the youth, especially students, to the digital world.
INP
