Pakistan’s IT Exports Hit Record $4.6 Billion for the First Time
Islamabad — Pakistan’s Information Technology (IT) and IT-enabled services exports have achieved a historic milestone, reaching $4.6 billion with a 21% increase compared to the previous fiscal year.The figures were released by the Ministry of Commerce and the Pakistan Software Export Board (PSEB). The sector’s trade surplus has climbed to 85%, indicating strong net positive…
Islamabad — Pakistan’s Information Technology (IT) and IT-enabled services exports have achieved a historic milestone, reaching $4.6 billion with a 21% increase compared to the previous fiscal year.
The figures were released by the Ministry of Commerce and the Pakistan Software Export Board (PSEB). The sector’s trade surplus has climbed to 85%, indicating strong net positive contribution to the economy.
Key Highlights:
Exports: $4.6 billion (first time crossing this mark).
Growth: 21% year-on-year.
Trade Surplus: 85% — exports significantly outpace imports.
Experts attribute this growth to the rising demand for Pakistani freelancers, software houses, and outsourcing services, particularly in North America, Europe, and the Middle East. The government has announced further incentives, including tax breaks, infrastructure development, and skill enhancement programs to boost the sector.
The IT industry continues to emerge as a vital source of foreign exchange earnings for Pakistan’s economy.
