By Ali Imran
ISLAMABAD: The Information Technology (IT) exports remittance, including telecommunication, computer and information services during the six months (July to December) of the fiscal year 2022-23 recorded is US$ 1.333 billion growing by 2.38 percent in comparison to US$ 1.302 billion during the same period last year.
Despite persistent ease of doing business challenges, IT export remittances of US$ 1.333 billion had been realized by the IT & Information Technology Enabled Service (ITeS) Industry during the period July to December of FY2022-23, an increase of 2.38% in comparison to US$ 1.302 billion reported for the same period last year, showed the data shared by Ministry of Information Technology and Telecommunication.
Trade surplus of US$ 1.166 billion, 87.47% of total Information and Communication Technology (ICT) export remittances, has been realized by the IT & ITeS Industry during the period July to December of FY2022-23 to meet the foreign currency crunch faced by the country. It witnessed an increase of 19.96% as compared to trade surplus of US$ 972 million for the same period in FY2021-22.
ICT sector exports of US$ 1.333 billion are the highest among all Services (37.8% of total export of services) with ‘Other Business Services’ trailing at US$ 816 million.
ICT services have delivered a phenomenal trade surplus of US$ 1.166 billion which is the highest among all Services with ‘Other Business Services’ trailing at US$ 201 million.
