Pakistan earns $ 1298m from IT services’ export

ISLAMABAD: Pakistan earned US $1298.080 million by providing different information technology (IT) services in various countries during the eight months of financial year 2020-21.
This shows growth of 41.43 percent as compared to US $917.840 million earned through provision of services during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics (PBS) reported.
During the period under review, the computer services grew by 44.53 percent as it surged from US $708.100 million last year to US $1023.410 million during July-February (2020-21).
Among the computer services, the exports of software consultancy services witnessed increase of 25.07 percent, from US $272.922 million to US $341.352 million while the export and import of computer software related services also rose by 17.69 percent, from US $212.254 million to US $249.803 million.
The exports of hardware consultancy services dropped by 78.82 percent from, US $1.794 million to US $0.380 million whereas the exports of repair and maintenance services also decline by 70.31 percent from $1.270 million to $0.377 million.
In addition the exports of other computer services rose by 96.26 percent from US$219.860 million to US $431.498 million. – PNP